PwC decided to “lean in” to cryptocurrency work after years of taking a more cautious stance, following the Trump administration’s embrace of digital assets, according to the US boss of the Big Four firm. The strategic reversal last year came as the US appointed pro-crypto regulators and Congress passed new laws governing digital assets such as stablecoins, Paul Griggs told…
The Ministry of Finance and the China Securities Regulatory Commission on Friday suspended PwC’s operations in China for six months and fined the firm $62 million — the largest fine levied on an auditing firm in China. PwC “knew that Evergrande made material misstatements in its financial statements for the years from 2018 to 2020,” the finance ministry said, adding…
PwC has told its 26,000 UK employees that it will start monitoring their office attendance in the same way it does their chargeable hours, as the Big Four accounting firm adopts a stricter hybrid working policy. In a memo sent to staff on Thursday, seen by the Financial Times, managing partner Laura Hinton said that the firm would begin sending…
Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector’s meltdown. The country’s securities regulator this week accused Evergrande’s main onshore subsidiary Hengda Real Estate Group of recognizing…