PwC: Daniel Li to Step Down as China Territory Senior Partner

PwC says it terminated the employment of 6 partners and exited 5 staff directly involved in the Hengda audit work, according to a statement.

• Daniel Li agreed to step down as PwC China’s Territory Senior Partner given his former responsibilities as PwC China’s Head of Assurance.
  • Li will continue to support the business in his role as Chief Accountant of PwC Zhong Tian
• NOTE: China Fines PwC 441m Yuan Over Evergrande Auditing Work (1)
• NOTE: HK Says Investigation on PwC’s Evergrande Audit in Progress

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Twinnie Siu in Hong Kong at ...