{"id":1000897155,"date":"2024-09-17T16:02:12","date_gmt":"2024-09-17T20:02:12","guid":{"rendered":"https:\/\/www.goingconcern.com\/?p=1000897155"},"modified":"2024-09-17T16:02:12","modified_gmt":"2024-09-17T20:02:12","slug":"while-pwc-begs-clients-not-to-leave-ey-hands-out-cake","status":"publish","type":"post","link":"https:\/\/www.goingconcern.com\/while-pwc-begs-clients-not-to-leave-ey-hands-out-cake\/","title":{"rendered":"While PwC Begs Clients Not to Leave, EY Hands Out Cake"},"content":{"rendered":"\n

PwC China is currently sitting on the sidelines after Chinese regulators handed down a six month ban and $62 million in fines<\/a> for the firm’s work on collapsed developer Evergrande. At least five clients have left since the news of the punishment came out on Friday<\/a> despite PwC’s assurance (no pun) they would continue to work to the extent they’re allowed through the ban period. This on top of an exodus of clients<\/a> leading to a loss of two-thirds of the firm’s revenue for mainland-listed clients when whispers of an upcoming regulatory ban started circulating in July. Safe to say PwC China is not having a good time.<\/p>\n\n\n\n

Meanwhile, EY China put out this press release<\/a>:<\/p>\n\n\n\n

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EY Greater China Region (EY) joins hands with Yan Chai Hospital and Share for Good for joint charitable initiatives. A group of 25 volunteers took part in visiting and distributing mooncakes, sharing holiday blessings and warmth with more than 800 underprivileged children, seniors and families from multiple beneficiary institutions.<\/p>\n<\/blockquote>\n\n\n\n

The Mid-Autumn Festival — also called the Moon Festival or Mooncake Festival — is celebrated every year on the 15th day of the 8th month of the Chinese lunar calendar, so sometime in late September or early October on the Gregorian calendar. Here’s a quick explainer from South China Morning Post<\/em> for the unfamiliar:<\/p>\n\n\n\n

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