PwC agrees deal to become OpenAI's first reseller and largest enterprise user
PwC landed a deal Wednesday with OpenAI to become the artificial intelligence company's first resale partner and largest enterprise user.
PwC asian news
Evergrande audit critic GMT says China research trips now too risky
HONG KONG -- GMT Research, the accounting research firm that took on PwC over its auditing of embattled developer China Evergrande Group, says it will no longer do on-the-ground investigations in mainland China, as a new state secrets law has sown uncertainty.
China announces Evergrande fine amid speculation over auditor PwC's fate
HONG KONG -- China's securities regulator on Friday said it has penalized embattled developer China Evergrande Group for fraud related to the issuance of onshore bonds, although it appeared to be repeating what the developer itself had disclosed in March.
PwC to be fined over Evergrande auditing work
PricewaterhouseCoopers (PwC), one of the four largest global accounting firms, is expected to face a fine of at least 1 billion yuan (US$138 million) in China as it stands accused of overlooking misconduct by the collapsed China Evergrande Group for more than a decade.
To restore its financial dynamism, Hong Kong must truly embrace diversity
Hong Kong has a remarkably long history as being one of the world’s financial centres equipped with the rule of law. But it has been stuck in the past for too long. The financial system is used to standardise big corporations from the US, Europe or the Chinese mainland. The needs of those from emerging markets have sometimes been ignored.
Australia mining at risk from climate change-fueled drought and heat
SYDNEY -- Climate change poses a "serious and growing" threat to the production of essential commodities around the globe, with critical mineral and vital metals mined in Australia facing increased exposure to high temperatures and droughts, according to a PwC report.
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors
HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China Evergrande Group is stirring concern over the impact on the Big Four consulting firms' relationships with Chinese companies and could prompt a tightening of accounting procedures on existing clients.
Hong Kong regulator to probe PwC over China Evergrande audits
HONG KONG -- The financial watchdog in Hong Kong has decided to launch an investigation into PricewaterhouseCoopers' role in auditing the books of distressed property giant China Evergrande Group following a whistleblower report.