Embattled property developer China Evergrande said on Monday that its auditor, PricewaterhouseCoopers (PwC), had resigned amid disagreements over matters relating to the audit of its 2021 accounts.
said on Monday that its auditor, PricewaterhouseCoopers , had resigned amid disagreements over matters relating to the audit of its 2021 accounts.
Those are stock exchange requirements for it to resume trading after being suspended in March 2022. Otherwise it could face a delisting. PwC also flagged that the group had not settled certain interest-bearing liabilities that were due on their contractual maturity dates in 2021, adding that PwC was not provided with relevant details on the investigation conducted by an independent committee.
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China Evergrande's auditor quits on disagreement around 2021 audit-related mattersEmbattled property developer China Evergrande on Monday said that its current auditor, PricewaterhouseCoopers (PwC), has resigned as the parties disagreed over the timeline and scope of work surrounding the firm's status as a going concern and other audit-related matters for fiscal 2021.
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