PwC Expects 6-Month China Ban Over Evergrande Audit: FT

PricewaterhouseCoopers LLP’s China unit has told clients it expects the Chinese government to hit it with a six-month business ban that will start as early as September, as part of punishment over its audit of failed property giant China Evergrande, the Financial Times reported Wednesday, citing unidentified sources.

• The business ban, potentially accompanied by a large fine, would be the toughest ever action by Chinese regulators against a Big Four firm, according to FT
• The ban would prevent PwC China from signing off on financial results and initial public offerings and from conducting other regulated activities, the newspaper said, ...