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The Latest Breaking News from PwC

China Bans PwC For Six Months Over Evergrande Audit

Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande.

International Business Times

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

The Independent UK

Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds

Worst net closures so far this year are on high streets, while retail parks and shopping centres fare better

The Guardian - UK

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Accounting Firm To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

International Business Times

'Big Firm' To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

In January, PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

International Business Times UK

Why young professionals no longer need to leave Newcastle to thrive

'We've passed the threshold vacuum in several sectors.'

Newcastle Herald

Scottish city set to grow faster than UK average, report finds

A SCOTTISH city is set to grow faster than the UK average over the next two years.

The National (Scotland)

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Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

The Guardian - UK

PwC to track workers’ locations as it orders more time be spent in office

Hybrid working saw a massive post-Covid rise – but more employees are cracking down

The Independent UK

PwC is ‘tipping the balance’ of hybrid working and will start tracking their workers’ locations

PwC has demanded staff spend less time working from home—and it’s going to start tracking their location to ensure they comply.

Fortune

PwC to start tracking working locations of all UK employees

Accounting firm tells its 26,000 workers move is to ensure workers spend ‘minimum of three days a week’ in office

The Guardian - UK

Yamaha Drops 2025 JetBlaster, Also Updates Its WaveRunner Lineup

Yamaha has introduced its 2025 series of JetBlasters, while rolling out updates to its WaveRunner lineup, as well.

RideApart

PwC expecting six-month China ban over Evergrande audit

Company tells clients it also expects to receive a large fine following property developer’s collapse

The Guardian - UK

PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

The ban stems from PwC’s work with Evergrande, the bankrupt real estate developer whose default helped trigger China’s real estate crisis.

Fortune

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Caixin Global

Shanghai Composite Index Fell 0.27% on Thursday

Shenzhen Component Index closed down 0.82%

The Guardian - UK

Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened

Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August

Caixin Global

Shanghai Composite Index Fell 0.35% on Wednesday

Shenzhen Component Index closed down 0.28%

The Guardian - UK

PwC fined £15m for failing to report suspected fraud at City firm

Fine is FCA’s first against an auditor and follows PwC being hit with £4.9m penalty over audit by another regulator

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news in one place.

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Fortune

Here’s what top CHROs say it takes to get hired in today’s cooling labor market

HR leaders and executives from PwC, Moderna, and Yelp weigh in with six tips and tricks.

Fortune

Top recruiters and CHROs from Moderna, Hilton, PwC say these are the 6 ways to stand out in a cooling job market

Job seekers need to hone a personal brand, upskill themselves, and stay resilient.

The Guardian - AU

Afternoon Update: Reynolds-Higgins defamation case begins; PwC chief’s $1.2m bonus; and a screaming Egyptian mummy

Liberal senator is suing former staffer over social media posts she alleges damaged her reputation

The Guardian - AU

PwC chief’s $1.2m bonus kept ‘secret for more than a year’, inquiry told

Kevin Burrowes received additional salary from the firm’s international arm but did not initially reveal it to parliamentary inquiry into company

AAP

Former PwC head grilled over role in tax scandal

The former boss of PwC in Australia, Tom Seymour, has made his first public comments since resigning due to the tax advice scandal.

The Conversation

Artificial intelligence is taking the consulting industry by storm – should we be concerned?

Artificial intelligence (AI) is enjoying a long moment in the spotlight. But debate continues over whether it’s a “shortcut to utopia” or possible harbinger of the end of the world.

The Guardian - UK

Most of Carpetright’s £345m debts are unlikely to be repaid

Customers, suppliers, landlords and Microsoft are owed £213m, say administrators of collapsed retailer

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