A man walks by the audit firm PricewaterhouseCoopers (PWC) office, at the Fortune Financial Center in Beijing on Tuesday, Aug. 27, 2024. (AP Photo/Andy Wong)

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Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande.

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Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4m) over its involvement in the audit of collapsed property developer Evergrande.

The punishment is the heaviest yet for international accounting firms operating in China. 

China hands PwC a six month ban and fine over audit of the collapsed developer Evergrande

Associated Press

China

Regulation

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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