PwC Fined $166 Million by Hong Kong Regulators Over Evergrande Audit Failures
Hong Kong regulators have imposed a massive fine of $166 million on PricewaterhouseCoopers (PwC) for its audit failures related to China Evergrande Group, the embattled property developer that has been at the center of one of the largest corporate crises in Asia. The penalty marks one of the most significant enforcement actions in the region’s…