China fines Big Four accounting firm

Mar 18th 2023 8:31am EDT

The authorities claimed Deloitte’s audit of one of the country’s largest bad-debt managers was marred by negligence China’s Finance Ministry has imposed an unprecedented fine of 212 million yuan ($30.8 million) on accounting firm Deloitte, one of the global audit giants comprising the ‘Big Four,’ for negligence in its audit of bad-debt manager China Huarong, […]

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