China

PricewaterhouseCoopers LLP's China unit expects the Chinese government to hand down a six-month ban as part of punishment over its audit of failed property giant China Evergrande Group, according to a person familiar with the matter.

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.

The Ministry of Finance may announce the penalties on Big Four firm PwC as soon as this week.

China may suspend some of the global auditor's local operations over its role in one of the nation's biggest alleged financial fraud cases.

China Taiping Insurance Holdings, China Merchants Bank, China Railway Group, China Electronics Huada Technology and People's Insurance Company (Group) of China are among those that changed auditors.

The AFRC will investigate an anonymous report alleging deficiencies in the firm's quality management and the quality of its audits of the Chinese real estate giant.

PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.

The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.

The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

LC Lawyers, the Hong Kong law firm member of the Big Four auditor's global network, will cease operations on Jan. 23.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

The board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

The Kentucky senator plans to block legislation to reduce double taxation for those involved in U.S. and Taiwan cross-border investment.

He reiterated that American officials must be able to review the audit papers of Chinese companies that trade in the U.S.

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries