EPISODE · Oct 13, 2021 · 9 MIN
Evergrande Audit Failure!
from Patrick Boyle On Finance · host Patrick Boyle
Send us a textPricewaterhouseCoopers earned over forty million dollars in fees auditing China Evergrande and signed off on the accounts presented to them by management for all of those years. PWC is likely to face criticism over the level of push back they gave to management over accounting policies that could have shown warning signs about the company’s financial health many years before the collapse.Around the world, auditors have faced criticism when companies have collapsed, and aud...
What this episode covers
Send us a textPricewaterhouseCoopers earned over forty million dollars in fees auditing China Evergrande and signed off on the accounts presented to them by management for all of those years. PWC is likely to face criticism over the level of push back they gave to management over accounting policies that could have shown warning signs about the company’s financial health many years before the collapse.Around the world, auditors have faced criticism when companies have collapsed, and aud...
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Evergrande Audit Failure!
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