PricewaterhouseCoopers (PwC)

The accounting firm was fined 441 million yuan for its auditing work on Evergrande’s inflated financial reports from 2018 to 2020.

More than 30 publicly-listed firms based in mainland China have dropped PwC as their auditor this year.

More than 30 publicly listed companies based in mainland China have dropped PwC as their auditor this year.

Some of the organisations affected by the breach are BBC, British Airways, EY, Australian health insurer Medibank and Shell.

Basic pay for associates jumped by $500 to $3,500 per month, reads an internal document at one of the Big Four audit firms.

The impasse signals that the banks, which also include Singapore’s DBS Group Holdings Ltd., may face a long battle to recover any money from the insolvent firm.

The proportion of CEOs expecting global growth to slow in the coming year has risen 10-fold since 2018.

(Mar 14): Regulators in some Asian countries are getting tougher on auditors after landmark defaults, in an increasingly high-stakes game as investors call for earlier warning signs amid expectations for debt failures to mount.

KUALA LUMPUR (Dec 11): Lembaga Tabung Haji failed to recognise a total of RM549 million ($180.4 million) in impairment losses of investments in several associate companies and subsidiaries as well as fair value losses in investment properties and impairm

SINGAPORE (Nov 14): While family businesses in Singapore are optimistic about growth and have a strong desire to keep their businesses in the family, few have ensured that plans are in place to achieve these objectives.