Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation ...
HONG KONG - Auditor PwC has lost its largest mainland China-listed client, Bank of China, to rival EY, adding to an exodus of clientele amid a regulatory investigation into its work on troubled property developer China Evergrande Group .
As of March, PwC was the auditor for about 110 companies listed in mainland China, according to the company's website. They have also advised that state-owned firms and listed companies should be "extremely cautious" about hiring auditors that have received regulatory fines or other penalties in the past three years.
China Evergrande Group Pwc China Listed Companies
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