news

3 companies announced dismissal! PwC's "order cancellation wave" spread to fund companies, which once accounted for half of public fund audits

2024-08-07

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

The full text is 1521 words, and it takes about 5 minutes to read. Please help me highlight the key points.

Key Points

01PricewaterhouseCoopers is facing a "wave of order cancellations" and several fund companies have terminated their contracts, including Baoying Fund, CSOP Asset Management and Red Soil Innovation Fund.

02Among the 12,088 public funds currently on the market, 5,432 funds are audited by PricewaterhouseCoopers, accounting for nearly half.

03As the number of PwC's contract terminations with A-share and Hong Kong-listed companies continues to increase, some companies may face penalties or even have their securities business qualifications revoked.

04At the same time, there are constant rumors of layoffs at PwC China, including layoffs in Shanghai, and new employees are not affected for the time being.

05Experts believe that the spread of PwC's "order cancellation wave" to the fund industry may have a further adverse impact on PwC.

The above content is generated by Tencent Hunyuan Model and is for reference only.

Source: Times Finance Author: Comprehensive

PwC's "order cancellation wave" continues, this time spreading to Raised funds

On August 7, the auditing agency of a fund under Baoying Fund was changed from PricewaterhouseCoopers Zhongtian Accounting Firm to Rongcheng Accounting Firm.