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CFO news

A Deloitte spokesperson said the answer sharing was "unacceptable" and that the firm would continue to serve clients with high quality.

U.S. regulators alleged that PwC's employees in mainland China and Hong Kong cheated on exams meant to test knowledge of U.S. auditing practices.

A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine.

The U.S. Public Company Accounting Oversight Board fined three Chinese firms and four people affiliated with them $7.9 million Thursday for allegedly violating U.S. securities laws and other misconduct.

The U.S. Public Company Accounting Oversight Board fined three Chinese firms and four people affiliated with them $7.9 million Thursday for allegedly violating U.S. securities laws and other misconduct.

Asian equities were mixed but mostly higher overnight as foreign investors bought over $1 billion worth of Mainland China stocks.

The SEC did not take time off for the summer when it comes to enforcement activity involving auditors of special purpose acquisition companies (known as SPACs and addressed by us previously).