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Top related persons:
Alyssa Schukar - 1 “ - 1 Erica Y - 1 Williams - 1 ” PwC - 1 ” - 1 Shandong Haoxin - 1 Chunyip Wong - 1
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Wall Street - 1 Company - 1 Hong Kong CNN - 1 US Public Company - 1 PwC - 1 US - 1 Shandong Haoxin - 1 Hong - 1

Search resuls for: "PwC Hong Kong"


4 mentions found


☆ PwC’s China and Hong Kong Units Fined in Training Exam Cheating Probe
  + stars: | 2023-12-01 | by ( Mark Maurer | ) www.wsj.com   time to read: 1 min
More than 1,000 workers at PwC China and PwC Hong Kong engaged in training-exam misconduct from 2018 to 2020, according to the PCAOB. Photo: Alyssa Schukar for The Wall Street JournalThe Public Company Accounting Oversight Board fined PricewaterhouseCoopers’s China and Hong Kong units over training exam misconduct from hundreds of employees as part of its first set of enforcement settlements with audit firms in the region since it gained full access to inspect them late last year. PwC Hong Kong and PwC China agreed to pay a combined $7 million to settle claims that they failed to detect or prevent extensive and improper answer sharing on tests for mandatory internal training courses, the U.S. auditing watchdog said Thursday.
Persons: Alyssa Schukar Organizations: Wall Street, Company Locations: China, Hong Kong, PwC Hong Kong, U.S
☆ US PCAOB fines PwC in China for allowing cheating on audit exams
  + stars: | 2023-12-01 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine. In its announcement, the PCAOB said the practice was widespread, involving more than 1,000 employees from PwC Hong Kong, and hundreds more from PwC China. It fined PwC $7 million in total, with its entities in Hong Kong and mainland China ordered to pay $4 million and $3 million, respectively. The mainland Chinese arm works in collaboration with its Hong Kong and Macao offices, collectively boasting a headcount of more than 20,000. On Thursday, the US regulator also penalized a mainland Chinese accounting firm for violations, including issuing a false audit report.
Persons: “, Erica Y, Williams, ” PwC, ”, Shandong Haoxin Organizations: Hong Kong CNN, US Public Company, PwC, US, Shandong Haoxin Locations: Hong Kong, China, Macao, Shandong Haoxin, Shandong
☆ Hong Kong's leader will deliver his policy address this week. Here's what to expect
  + stars: | 2023-10-23 | by ( Vivian Kam | ) www.cnbc.com   time to read: +4 min
An aerial view of a residential district in Hong Kong. He expects domestic demand will continue to be the key driver to Hong Kong's expansion. A nurse examines new born chinese childs with their mums at the Queen Elizabeth Hospital on 30 April 2012 in Hong Kong. That's compared to 1.1 in Singapore and 1.7 in the U.S. To tackle the problem, local media reported the Hong Kong leader may consider giving 20,000 Hong Kong dollars ($2,556) to the family of every newborn baby in the territory, if at least one of the parents is a permanent resident. By offering attractive incentives ... Hong Kong can re-establish itself as an attractive destination for both local and international talent.
Persons: Chunyip Wong, John Lee, Hong, Eddie Kwok, Kwok, Thomas Shik, Shik, childs, Victor Fraile Rodriguez, Wise Lam Organizations: Hong, Hang Seng Bank, CNBC, Gross, Labor, Queen Elizabeth Hospital, Corbis, Bank Locations: Hong Kong, Asia, Singapore, Hong, PwC, U.S
☆ Audits of Chinese companies by KPMG and PwC full of holes, US watchdog finds
  + stars: | 2023-05-10 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +2 min
London CNN —US inspectors, after receiving access to auditors’ books for the first time, discovered significant shortcomings in audits of companies based in China and Hong Kong that are listed on US stock exchanges. The Public Company Accounting Oversight Board (PCAOB) said Wednesday that it uncovered major “deficiencies” after checking the work of KPMG Huazhen, which is headquartered in mainland China, and PwC’s practice in Hong Kong. Deficiencies were found in 100% of the audits by KPMG Huazhen reviewed and 75% of those from PwC Hong Kong. US regulators had long lobbied for this access, worried that Chinese firms listed on Wall Street were misrepresenting their financial heath. The breakthrough meant that more than 160 Chinese companies avoided being kicked out of the world’s biggest stock market, as US regulators threatened if they weren’t able to inspect their audits.
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