PwC hit with fine after China, Hong Kong auditors shared exam answers

PwC hit with fine after China, Hong Kong auditors shared exam answers

‘The days of China-based firms evading accountability are over,’ PCAOB Chair Erica Williams said China Trademark Registration

US securities regulators levied fines totalling more than $7m against three China-based auditors for a variety of offenses including issuing a false audit report.

China Trademark Revocation The Public Company Accounting Oversight Board, which oversees auditors of public companies listed on US exchanges, announced on 30 November that it had imposed fines against PwC China and PwC Hong Kong for “improper answer sharing” by hundreds of employees on tests for mandatory internal training courses.