China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
TAIPEI, Taiwan (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for international accounting firms operating in China. PwC will be banned from signing off