Accounting firm PricewaterhouseCoopers is facing escalating turmoil in Hong Kong, with at least 10 more partners set to exit in June, as the fallout of its China Evergrande (HKG:3333) audits continues, Bloomberg News reported Monday.
This was in addition to the 20 departures in the previous six months in Hong Kong, according to the report. In mainland China, 77 partners have left since December 2024. Some departures are reportedly retirements or moves to rivals; others are forced exits.
PwC China, fined 441 million yuan for flawed Evergrande audits, saw its revenue decline 11% to 6.3 billion yuan in 2024, Bloomberg wrote. Hong Kong's operations, though legally separate, share the financial pain.
Key clients in China, including AIA and Li Ning, have ditched PwC, according to the report. Hong Kong's market regulator also switched to Deloitte.
Additionally, PwC faces a lawsuit from Evergrande's liquidators over alleged audit negligence, Bloomberg wrote.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。