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Hong Kong audit watchdog investigating Evergrande’s 2020 accounts By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: A sign for China Evergrande Centre can be seen in Hong Kong China on September 23, 2021. REUTERS/Tyrone Siu//File photo

HONG KONG (Reuters), HK’s Audit Regulator said Friday that the regulator had opened an inquiry into China Evergrande Group accounts for the entire year 2020, the first half 2021, and an investigation by PwC regarding Evergrande’s 2020 accounts.

According to a statement, the Financial Reporting Council has raised concerns about the accuracy of reporting on ongoing concern in accounts.

PwC and Evergrande did not respond immediately to our requests for comment.

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