Exclusive: PwC weighs halving of China financial services audit staff, say sources

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’ scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group (3333.HK), opens new tab, which, in turn, triggered the exit of some clients.

Source: REUTER