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PwC Fined $7mn for Exam Cheating

by Starling Insights

Observations

Dec 19, 2023

PwC has been fined $7 million after an investigation by the US Public Company Accounting Oversight Board (PCAOB) revealed that over 1,000 audit staff in China and Hong Kong had cheated on internal training exams focused on US standards.

All Tags Hong KongUSA
The 2023 Compendium is available now!

Now in its 6th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

An Interview with Charles Li, past-CEO, HKEX

by Charles Li

Compendium

May 15, 2022

The fundamental logic behind Mr. Xi’s pronouncements on Common Prosperity is clear and there is broad support for them. What is not clear is how the government agencies charged with the related tasks are planning to execute them. There is a tendency in China: as senior-level policy priorities shift by an inch, the central and provincial governments may move things by a foot ... (cont)