Liquidators of the collapsed Chinese property group Evergrande can pursue PwC globally for audit failings, a judge has ruled, in a case that will test the Big Four accounting firms’ partnership network model.
A Hong Kong judge on Wednesday allowed Evergrande’s liquidators to pursue their negligence case against PwC International, the network’s global umbrella organisation, alongside its Hong Kong and mainland China affiliates, which were responsible for auditing Evergrande.