Hong Kong Regulator to Probe PwC Auditing Role Over Evergrande
- Watchdog says it will investigate allegations made in report
- PwC earlier said an anonymous letter made ‘false allegations’
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Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
The Accounting and Financial Reporting Council (AFRC) said in a statement Friday the report that has been circulating “expressed significant concerns” regarding potential alleged deficiencies in PwC’s systems of quality management and the quality of its audits of Evergrande.