PwC Pays $166 Million to Settle HK Evergrande Audit Probe April 23, 2026 By Kiuyan Wong and Trista Xinyi Luo PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work...
German Dentists’ Fund Sues Advisers Over €1.1 Billion Loss January 8, 2026 By Arno Schütze and Karin Matussek A German pension fund whose foray into private markets led to losses that totaled half of the fund’s assets has...
Ex-Greensill Executives Charged in Germany Over Bankruptcy December 18, 2025 By Karin Matussek German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the...
Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY July 9, 2025 By Paula Sambo Bridging Finance Inc.’s receiver is suing Ernst & Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to...
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
Probe Into EY India’s Office After Worker’s Death Finds it Lacked Labor Welfare Permit September 25, 2024 By Shivam Patel An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit September 13, 2024 By Julie Zhu and Xie Yu Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
China Evergrande Group’s Liquidators Start Legal Action Against PwC August 7, 2024 By Bloomberg News China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction...