PwC needs to rethink its global governance

An illustration portraying a very large PwC sitting on his building, trying to hide what he's up to with graphs and money in his clasped hands. Smaller buildings are in his shadow.

2024-09-19  1023  困难

The latest stain on PwC’s reputation came on September 13th. China’s authorities slapped its affiliate in the country, PwC Zhong Tian, with a record $62m fine and barred it from doing business for six months. Its staff, regulators said, “concealed or even condoned fraud” in the accounts of Evergrande, a property developer which inflated its revenues by nearly $80bn in the two years before its collapse in 2021.

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