Editing PwC (section)

===Evergrande===
PwC has audited [[Evergrande]], a Chinese property company, since 2009 and received fees worth $42 million for doing so.<ref>{{Cite news |last=Foy |first=Simon |date=15 October 2021 |title=Hong Kong watchdog to investigate PwC audit of Evergrande accounts |url=https://www.telegraph.co.uk/business/2021/10/15/hong-kong-watchdog-investigate-pwc-audit-evergrande-accounts/ |access-date=25 October 2021 |work=The Telegraph |archive-date=25 October 2021 |archive-url=https://web.archive.org/web/20211025160505/https://www.telegraph.co.uk/business/2021/10/15/hong-kong-watchdog-investigate-pwc-audit-evergrande-accounts/ |url-status=live }}</ref> By 2021, Evergrande had collapsed financially and set off the Chinese [[Chinese property sector crisis (2020–present)|property sector crisis]], which sparked questions about PwC's role in inflating the company's revenue prior to the firm's eventual bankruptcy.<ref>{{Cite web |date=2024 |title=China is investigating the role of Big 4 accountant PwC in $78 billion Evergrande fraud case |url=https://fortune.com/asia/2024/03/22/china-investigating-role-big-4-accountant-pwc-78-billion-evergrande-fraud-case/ |website=Fortune Asia |language=en |access-date=22 March 2024 |archive-date=22 March 2024 |archive-url=https://web.archive.org/web/20240322112526/https://fortune.com/asia/2024/03/22/china-investigating-role-big-4-accountant-pwc-78-billion-evergrande-fraud-case/ |url-status=live }}</ref>

In October 2021, the accounting regulator in Hong Kong announced an investigation into PwC's audit of Evergrande. PwC had signed off the 2020 accounts of Evergrande without reference to its uncertainties as a going concern. After the announcement of the fraud investigation, PwC resigned as auditor of Evergrande's accounts.<ref>{{Cite news |date=January 17, 2023 |title=China Evergrande's auditor PwC quits over 2021 audit-related matters |website=Reuters |url=https://www.reuters.com/world/china/china-evergrandes-auditor-quits-disagreement-around-2021-audit-related-matters-2023-01-16/ |access-date=2024-03-20 |archive-date=2 July 2024 |archive-url=https://web.archive.org/web/20240702190226/https://www.reuters.com/world/china/china-evergrandes-auditor-quits-disagreement-around-2021-audit-related-matters-2023-01-16/ |url-status=live }}</ref> One year later, in February 2024, Evergrade liquidators prepared for a potential lawsuit against PwC.<ref>{{Cite news |date= February 17, 2024 |title=China Evergrande's liquidators prepare to sue PwC over audits, FT reports  |url=https://www.reuters.com/legal/china-evergrandes-liquidators-prepare-sue-pwc-over-audits-ft-reports-2024-02-17/ |work=Reuters}}</ref>

In September 2024, PwC ZhongTian, PwC's auditing business in China, was suspended for six months. China's securities regulator also confiscated the revenue PwC earned from auditing Evergrande and imposed a fine of $62 million.<ref>{{cite news | url = https://www.bbc.co.uk/news/articles/cje2ejnwwx9o | title = UK accounting giant PwC faces six-month China ban | last = Hooker | first = Lucy | date = 2024-09-13 | website = [[BBC News Online]] | access-date = 2024-09-14 | archive-date = 14 September 2024 | archive-url = https://web.archive.org/web/20240914083832/https://www.bbc.co.uk/news/articles/cje2ejnwwx9o | url-status = live }}</ref>