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	<title>auditors liability Archives - Insurance Journal</title>
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	<title>auditors liability Archives - Insurance Journal</title>
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	<item>
		<title>PwC Pays $166 Million to Settle HK Evergrande Audit Probe</title>
		<link>https://www.insurancejournal.com/news/international/2026/04/23/867002.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Thu, 23 Apr 2026 10:43:56 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[professional indemnity insurance]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[PwC accounting liability]]></category>
		<category><![CDATA[reputational risks]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=867002</guid>

							<description><![CDATA[PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong&#8217;s Accounting and Financial Reporting Council also imposed a six-month suspension &#8230;]]></description>
		
		
		
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		<item>
		<title>German Dentists&#8217; Fund Sues Advisers Over €1.1 Billion Loss</title>
		<link>https://www.insurancejournal.com/news/international/2026/01/08/853538.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Thu, 08 Jan 2026 06:04:58 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[Apobank]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[ELEMENT]]></category>
		<category><![CDATA[Forvis Mazars]]></category>
		<category><![CDATA[pension fund]]></category>
		<category><![CDATA[pension funds investments]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=853538</guid>

							<description><![CDATA[A German pension fund whose foray into private markets led to losses that totaled half of the fund&#8217;s assets has begun legal proceedings against its former auditor, an adviser and its own managers to recover the damages. The fund known &#8230;]]></description>
		
		
		
			</item>
		<item>
		<title>Ex-Greensill Executives Charged in Germany Over Bankruptcy</title>
		<link>https://www.insurancejournal.com/news/international/2025/12/18/851480.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Thu, 18 Dec 2025 06:10:40 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting fraud]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[directors and officers (D&O)]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Greensill Capital]]></category>
		<category><![CDATA[Greensill Capital Collapse]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=851480</guid>

							<description><![CDATA[German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed &#8230;]]></description>
		
		
		
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		<item>
		<title>Credit Fund&#8217;s Collapse Leads to $1 Billion Lawsuit Against EY</title>
		<link>https://www.insurancejournal.com/news/international/2025/07/09/830928.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 09 Jul 2025 10:51:35 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[financial accounting]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[professional indemnity insurance]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[PwC]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=830928</guid>

							<description><![CDATA[Bridging Finance Inc.&#8217;s receiver is suing Ernst &#38; Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender&#8217;s collapse. In a claim filed with Ontario&#8217;s Superior Court &#8230;]]></description>
		
		
		
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		<item>
		<title>EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears</title>
		<link>https://www.insurancejournal.com/news/international/2025/05/20/824369.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Tue, 20 May 2025 05:05:59 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[financial accounting]]></category>
		<category><![CDATA[professional indemnity insurance]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=824369</guid>

							<description><![CDATA[EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm&#8217;s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The &#8230;]]></description>
		
		
		
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		<item>
		<title>Probe Into EY India&#8217;s Office After Worker&#8217;s Death Finds it Lacked Labor Welfare Permit</title>
		<link>https://www.insurancejournal.com/news/international/2024/09/25/794296.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 25 Sep 2024 08:34:17 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[India market]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[talent management]]></category>
		<category><![CDATA[workforce]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=794296</guid>

							<description><![CDATA[An Ernst &#38; Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters. EY &#8230;]]></description>
		
		
		
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		<item>
		<title>PwC Probe Spotlight Shifts to Hong Kong After Record China Fine</title>
		<link>https://www.insurancejournal.com/news/international/2024/09/17/793250.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Tue, 17 Sep 2024 10:36:33 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=793250</guid>

							<description><![CDATA[The focus of a lengthy probe into PricewaterhouseCoopers LLP&#8217;s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong&#8217;s &#8230;]]></description>
		
		
		
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		<item>
		<title>PwC&#8217;s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit</title>
		<link>https://www.insurancejournal.com/news/international/2024/09/13/792809.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Fri, 13 Sep 2024 13:55:59 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=792809</guid>

							<description><![CDATA[Chinese regulators on Friday hit PwC&#8217;s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm&#8217;s audit of troubled property developer China Evergrande Group. Delivering a strong &#8230;]]></description>
		
		
		
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		<item>
		<title>EY, KPMG Benefit Most From PwC China&#8217;s Regulatory Woes</title>
		<link>https://www.insurancejournal.com/news/international/2024/08/15/788470.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Thu, 15 Aug 2024 05:47:23 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=788470</guid>

							<description><![CDATA[Ernst &#38; Young (EY) and KPMG have snapped up over half of PwC&#8217;s corporate clients in China that have fled the market&#8217;s leading accounting firm as it faces a regulatory probe, filings show. Chinese authorities have been investigating PwC&#8217;s role &#8230;]]></description>
		
		
		
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		<item>
		<title>China Evergrande Group&#8217;s Liquidators Start Legal Action Against PwC</title>
		<link>https://www.insurancejournal.com/news/international/2024/08/07/787350.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 07 Aug 2024 09:21:24 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[PwC accounting liability]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=787350</guid>

							<description><![CDATA[China Evergrande Group&#8217;s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors&#8217; investments from the property giant. Lawyers of liquidators have started legal actions against PwC and PricewaterhouseCoopers Zhong Tian &#8230;]]></description>
		
		
		
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		<item>
		<title>China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say</title>
		<link>https://www.insurancejournal.com/news/international/2024/08/05/786990.htm</link>
		
				<pubDate>Mon, 05 Aug 2024 08:47:20 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=786990</guid>

							<description><![CDATA[Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of &#8230;]]></description>
		
		
		
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		<item>
		<title>PwC Weighs Halving of China Financial Services Audit Staff, Sources Say</title>
		<link>https://www.insurancejournal.com/news/international/2024/07/16/784094.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Tue, 16 Jul 2024 12:00:42 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=784094</guid>

							<description><![CDATA[PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators&#8217; &#8230;]]></description>
		
		
		
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		<item>
		<title>PwC Starts Mass China Layoffs After Losing Dozens of Clients</title>
		<link>https://www.insurancejournal.com/news/international/2024/07/10/783125.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 10 Jul 2024 12:24:36 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=783125</guid>

							<description><![CDATA[PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm&#8217;s revenue prospects in the country. At least 100 staffers from different teams at PwC &#8230;]]></description>
		
		
		
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		<item>
		<title>Evergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses: Sources</title>
		<link>https://www.insurancejournal.com/news/international/2024/06/14/779526.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Fri, 14 Jun 2024 09:43:31 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=779526</guid>

							<description><![CDATA[Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer&#8217;s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three sources said. Evergrande, once China&#8217;s largest property developer, was &#8230;]]></description>
		
		
		
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		<item>
		<title>China Weighs Record Fine for PwC Over Evergrande Audit Work</title>
		<link>https://www.insurancejournal.com/news/international/2024/05/30/777233.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Thu, 30 May 2024 07:51:59 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=777233</guid>

							<description><![CDATA[China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor&#8217;s local operations over its role in one of the nation&#8217;s biggest alleged financial fraud cases, according to people familiar with the matter. &#8230;]]></description>
		
		
		
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		<item>
		<title>PwC Lost Five China Clients After Evergrande-Linked Probe</title>
		<link>https://www.insurancejournal.com/news/international/2024/05/29/776022.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 29 May 2024 06:43:15 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[reputational risks]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=776022</guid>

							<description><![CDATA[PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings Co. said on May 27 it &#8230;]]></description>
		
		
		
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		<title>China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case</title>
		<link>https://www.insurancejournal.com/news/international/2024/03/22/766145.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Fri, 22 Mar 2024 10:46:06 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[China Evergrande Group]]></category>
		<category><![CDATA[Chinese market]]></category>
		<category><![CDATA[Chinese regulators]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[insurance asset management]]></category>
		<category><![CDATA[insurer investments]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional/Management/Employers Liability]]></category>
		<category><![CDATA[property investments]]></category>
		<category><![CDATA[PwC]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=766145</guid>

							<description><![CDATA[Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group&#8217;s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before &#8230;]]></description>
		
		
		
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		<title>KPMG Hit With Record Fine in UK for &#8216;Textbook Failure&#8217; in Carillion Audits</title>
		<link>https://www.insurancejournal.com/news/international/2023/10/13/744137.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Fri, 13 Oct 2023 09:03:30 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Carillion insolvency]]></category>
		<category><![CDATA[company annual reports]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[Directors & Officers]]></category>
		<category><![CDATA[directors and officers (D&O) liability]]></category>
		<category><![CDATA[Financial Reporting Council]]></category>
		<category><![CDATA[KPMG]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=744137</guid>

							<description><![CDATA[Britain&#8217;s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a &#8220;textbook failure&#8221; in audits of Carillion, the builder that imploded in 2018 and prompted a root and branch review of auditing standards. The collapse &#8230;]]></description>
		
		
		
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		<title>Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal</title>
		<link>https://www.insurancejournal.com/news/international/2023/08/07/734199.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Mon, 07 Aug 2023 07:59:31 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional Liability Insurance]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[PwC Australia]]></category>
		<category><![CDATA[reputational damage]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=734199</guid>

							<description><![CDATA[Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on Sunday in response to a scandal over the use of leaked fiscal plans by PwC Australia. The leak of the &#8230;]]></description>
		
		
		
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		<title>PwC Australia Asset Sale Unlikely to Repair Firm&#8217;s Tarnished Reputation: Experts</title>
		<link>https://www.insurancejournal.com/news/international/2023/06/27/727440.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Tue, 27 Jun 2023 08:12:28 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional Liability Insurance]]></category>
		<category><![CDATA[PwC]]></category>
		<category><![CDATA[PwC Australia]]></category>
		<category><![CDATA[reputational damage]]></category>
		<category><![CDATA[Risk Management]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=727440</guid>

							<description><![CDATA[PwC Australia&#8217;s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday &#8230;]]></description>
		
		
		
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		<title>Americanas&#8217; $4B Accounting Scandal Puts More Scrutiny on PwC&#8217;s Auditing Record</title>
		<link>https://www.insurancejournal.com/news/international/2023/02/08/706637.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Wed, 08 Feb 2023 09:41:38 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional Liability Insurance]]></category>
		<category><![CDATA[PwC]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=706637</guid>

							<description><![CDATA[A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn&#8217;t catch it at Americanas SA. Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling &#8230;]]></description>
		
		
		
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		<title>EY Sued in UK for Alleged Negligence in Audits of Troubled Hospital Operator, NMC</title>
		<link>https://www.insurancejournal.com/news/international/2022/05/02/665427.htm</link>
		
				<pubDate>Mon, 02 May 2022 07:59:26 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[financial accounting]]></category>
		<category><![CDATA[professional indemnity insurance]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=665427</guid>

							<description><![CDATA[The administrators of NMC Health PLC have filed a lawsuit against EY in the United Kingdom for alleged negligence on the audit work it did for the troubled hospital operator between 2012 to 2018, a spokesperson said. NMC, which used &#8230;]]></description>
		
		
		
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		<title>KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent</title>
		<link>https://www.insurancejournal.com/news/international/2022/02/04/652391.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Fri, 04 Feb 2022 09:09:48 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Carillion insolvency]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[Professional Indemnity (PI)]]></category>
		<category><![CDATA[professional indemnity insurance]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=652391</guid>

							<description><![CDATA[KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over allegations its audits were negligent and misleading. The UK&#8217;s Official Receiver, acting on behalf of Carillion&#8217;s creditors, accused KPMG of &#8230;]]></description>
		
		
		
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		<title>EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach</title>
		<link>https://www.insurancejournal.com/news/international/2021/08/25/628616.htm</link>
		
				<pubDate>Wed, 25 Aug 2021 07:32:42 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accountants liability]]></category>
		<category><![CDATA[accountants professional liability]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[Financial Reporting Council]]></category>
		<category><![CDATA[Professional Liability Insurance]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=628616</guid>

							<description><![CDATA[Britain&#8217;s accounting watchdog said on Wednesday it has fined Ernst &#38; Young LLP 3.5 million pounds ($4.80 million) over the audit of transport firm Stagecoach Group&#8217;s financial statements in 2017. The Financial Reporting Council (FRC) said Mark Harvey, the auditing &#8230;]]></description>
		
		
		
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		<title>UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors</title>
		<link>https://www.insurancejournal.com/news/international/2021/06/28/620376.htm</link>
		
					<dc:creator><![CDATA[L.S. Howard]]></dc:creator>
					<pubDate>Mon, 28 Jun 2021 09:58:48 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[accounting fraud]]></category>
		<category><![CDATA[accounting liability]]></category>
		<category><![CDATA[audit report]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[financial accounting]]></category>
		<category><![CDATA[Financial Reporting Council]]></category>
		<category><![CDATA[Greensill Capital]]></category>
		<category><![CDATA[Greensill Capital Collapse]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[Professional Liability Insurance]]></category>
		<category><![CDATA[PwC]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=620376</guid>

							<description><![CDATA[LONDON – Britain&#8217;s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta&#8217;s metals-to-finance empire GFG &#8230;]]></description>
		
		
		
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		<item>
		<title>Britain Targets Big 4 Auditors, Company Directors With Reform Proposals</title>
		<link>https://www.insurancejournal.com/news/international/2021/03/18/605899.htm</link>
		
					<dc:creator><![CDATA[Andrew G. Simpson]]></dc:creator>
					<pubDate>Thu, 18 Mar 2021 05:00:48 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[auditor regulation]]></category>
		<category><![CDATA[auditors]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[big 4 accounting]]></category>
		<category><![CDATA[Deloitte]]></category>
		<category><![CDATA[EY]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[PwC]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=605899</guid>

							<description><![CDATA[Britain proposed weakening the market grip of &#8220;Big Four&#8221; auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay their bonuses if the company went &#8230;]]></description>
		
		
		
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		<title>Alabama State Suit Against Auditor Dismissed by California Court</title>
		<link>https://www.insurancejournal.com/news/southeast/2014/07/03/333767.htm</link>
		
				<pubDate>Thu, 03 Jul 2014 13:51:56 +0000</pubDate>
				<category><![CDATA[Southeast News]]></category>
		<category><![CDATA[Alabama State]]></category>
		<category><![CDATA[auditors liability]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=333767</guid>

							<description><![CDATA[A California court has dismissed a lawsuit filed by Alabama State University against the auditing firm that&#8217;s reviewing the school&#8217;s finances. An attorney for Forensic Strategic Solutions said that Los Angeles Superior Court Judge Richard Fruin threw out the case &#8230;]]></description>
		
		
		
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		<item>
		<title>Auditors Successful in Defending Against Investor Lawsuits</title>
		<link>https://www.insurancejournal.com/news/national/2011/01/24/181435.htm</link>
		
					<dc:creator><![CDATA[Admin]]></dc:creator>
					<pubDate>Mon, 24 Jan 2011 11:00:56 +0000</pubDate>
				<category><![CDATA[National News]]></category>
		<category><![CDATA[accounting malparactice]]></category>
		<category><![CDATA[auditors liability]]></category>
		<category><![CDATA[D&O]]></category>
		<category><![CDATA[investor lawsuits]]></category>
		<guid isPermaLink="false">https://www.insurancejournal.com/?p=181435</guid>

							<description><![CDATA[Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the &#8220;Big Four&#8221; auditors have been sued by investors who collectively &#8230;]]></description>
		
		
		
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