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The Ministry of Finance has made an administrative penalty decision against PwC

On September 13, the Ministry of Finance made an administrative penalty decision on PwC and related Certified Public Accountants in accordance with the Law of the People's Republic of China on Certified Public Accountants and the Administrative Penalty Law of the People's Republic of China. Accounting firms, in accordance with the relevant provisions of the Administrative Penalty Law of the People's Republic of China, considering that the China Securities Supervision Commission, in accordance with the Securities Law of the People's Republic of China, imposed an administrative penalty of confiscation of illegal income and a fine of a total of 325 million yuan on PwC's illegal activities involving Evergrande Real Estate's audit projects in 2019 and 2020, < b > The Ministry of Finance, in accordance with the Certified Public Accountant Law of the People's Republic of China, imposed an administrative penalty of 325 million yuan on PwC's illegal activities involving Evergrande Real Estate's audit projects in 2018 The Ministry of Finance, in accordance with the Law of the People's Republic of China on Certified Public Accountants, gave PwC a warning, suspended business for six months, and revoked the administrative penalty of PwC Guangzhou Branch.