China Intensifies Scrutiny of Top Audit Firms Following Evergrande Probe

Wednesday, 10 July 2024, 11:13

China's Ministry of Finance has ramped up scrutiny on Deloitte, EY, PwC, KPMG, focusing on their audits of financial firms and heavily leveraged companies. This move comes in the wake of the Evergrande investigation, signaling tighter regulatory measures in the audit industry.

South China Morning Post — China Intensifies Scrutiny of Top Audit Firms Following Evergrande Probe

China Increases Oversight of Big Four Audit Firms

China's Ministry of Finance is closely monitoring the audit practices of Deloitte, EY, PwC, KPMG.

Focus on Financial Firms and Leveraged Companies

Deloitte, EY, PwC, KPMG under scrutiny for audits of highly leveraged companies.

China's regulatory action highlights the need for greater transparency and accountability in the audit sector.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.