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KPMG, PwC Units Flubbed Chinese Audits, Watchdog Finds

By Jessica Corso ( May 10, 2023, 9:03 PM EDT) -- Overseas units of KPMG and PwC failed to properly vet the financial reports of Chinese companies selling stock on U.S. exchanges, the Public Company Accounting Oversight Board said Wednesday in its first inspection reports of accounting firms operating in mainland China and Hong Kong....

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