PwC

Business

China Fines PwC $62 Million and Suspends Operations Over Role in Evergrande Collapse
BySamod Biobaku September 18, 2024September 13, 2024

Chinese regulators have imposed a record fine of 441 million yuan ($62 million) and a six-month business suspension on PwC’s auditing arm in mainland China for its role in the financial mismanagement of property giant China Evergrande Group. The fine, announced on Friday, is the largest penalty ever levied against a Big Four accounting firm…

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Business

PwC to Track Employee Location Data to Enforce Return-to-Office Policy
BySamod Biobaku September 11, 2024September 6, 2024

PricewaterhouseCoopers (PwC) has announced a new policy for its UK employees that will track their work locations in an effort to reinforce its return-to-office guidelines. Starting January 1, PwC staff will be required to spend at least three days a week working in the office or at client sites, as part of a push to…

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