News reports in various online editions, have flashed news that one amongst the Big 4, PWC may let go their employees in China due to sudden exits of its major Clients. This numbers are rumoured to be approx 1000 head-counts.
It is understood that around 30 plus publicly listed companies based in mainland China, including state-owned giants Petro China Co., China Life Insurance Co. and Bank of China Ltd., have dropped PwC as their auditor this year. Most of the changes happened after the firm came under scrutiny for its role in an alleged accounting fraud at property developer China Evergrande Group.
