PwC rejects allegations on Evergrande audit
HONG KONG: Accounting firm PwC on Monday rejected an anonymous letter that criticized the company’s involvement in auditing beleaguered Chinese real estate giant Evergrande, saying the letter contained “false allegations.” Heavily indebted Evergrande has become a symbol of the yearslong crisis in China’s property market, and last month its onshore unit was accused of a […]
HONG KONG: Accounting firm PwC on Monday rejected an anonymous letter that criticized the company’s involvement in auditing beleaguered Chinese real estate giant Evergrande, saying the letter contained “false allegations.”
Heavily indebted Evergrande has become a symbol of the yearslong crisis in China’s property market, and last month its onshore unit was accused of a $78-billion revenue overstatement.
Register to read this story and more for free.
Signing up for an account helps us improve your browsing experience.
OR
See our subscription options.
Already have an account? Log in here
This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.