Tag: PricewaterhouseCoopers

Evergrande Liquidators Consider Legal Action Against PwC Over Audit Role

Auditors Charlene Lensburg - February 18, 2024

In a development that could see one of the Big Four accounting firms embroiled in a high-stakes legal battle, the liquidators of the now-defunct Chinese property giant Evergrande are reportedly exploring the possibility of filing a negligence lawsuit against PricewaterhouseCoopers (PwC). This potential legal move comes in light of PwC's role as the auditor for Evergrande for more than a decade, during which the property developer spiraled into the world's most indebted property crisis.

Promising: Stablecoin Tether Will Be Audited By BDO Italia!

Compliance Ben - August 18, 2022

Tether Holdings Ltd, the disputed issuer of the world’s largest stablecoin Tether (USDT), retained BDO Italia, the Italian arm of the world's fifth largest accounting firm, to issue assurance and attestation reports of its reserves. Tether has previously worked with two Cayman Islands-based accounting firms, Moore Cayman and MHA Cayman. In 2021, Tether settled with the New York Attorney General's office with an $18.5 million an investigation into the company's practices.

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