The Hong Kong Financial Secretary condemned PricewaterhouseCoopers for multiple audit deficiencies and imposed a fine

Zhitong
2025.10.16 09:10

According to the statement, the Hong Kong Institute of Certified Public Accountants condemned PricewaterhouseCoopers and its two partners for multiple audit deficiencies and imposed a total fine of HKD 1.6 million. The Institute stated that PricewaterhouseCoopers and its two partners had several deficiencies related to revenue recognition in the audits of Dynasty Wines Group Limited and its subsidiaries for the fiscal years ending December 31, 2010, and December 31, 2011. PricewaterhouseCoopers was fined HKD 800,000, while the two individuals were fined HKD 600,000 and HKD 200,000, respectively

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