China slaps PwC with six-month ban and $62m fine over Evergrande audit

China slaps PwC with six-month ban and $62m fine over Evergrande audit

FILE PHOTO: The logo of PwC is seen on the top of a Brussels' office of the company, in Diegem, Belgium September 21, 2023. REUTERS/Yves Herman/File Photo

Chinese regulators hit PwC‘s mainland China unit with a sixmonth suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm’s audit of failed property developer China Evergrande Group 3333.HK.