PwC rejects allegations on Evergrande audit

By Agence France-Presse

Apr 17, 2024 12:28 am

HONG KONG: Accounting firm PwC on Monday rejected an anonymous letter that criticized the company's involvement in auditing beleaguered Chinese real estate giant Evergrande, saying the letter contained 'false allegations.'

Heavily indebted Evergrande has become a symbol of the yearslong crisis in China's property market, and last month its onshore unit was accused of a $78-billion revenue overstatement.

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