Bank of China Drops PwC as 2024 External Auditor

Bank of China drops proposal to appoint PricewaterhouseCoopers the bank’s external auditor for 2024, citing market conditions and business development needs.

• Instead, the bank will engage PwC to provide 2024 interim review and services at 35m yuan
• The bank will start selection of a new external auditor for 2024
• NOTE: China Weighs Record Fine for PwC Over Evergrande Audit Work (1)

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Li Liu in London at lliu255@bloomberg.net

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Meg Shen at mshen145@bloomberg.net

Michelle Fay Cortez

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