The accounting firm PWC is facing a $7 million fine from US regulators.
The US Public Company Accounting Oversight Board claims that the company
failed to detect or prevent widespread cheating during staff training exams
in China and
Hong Kong segments.
While the board's chair said quote,
the days of China based firms evading accountability
are over the Hong Kong and Chinese offices.
Both said that after learning of the cheating, they quote,
investigated these matters promptly and took remedial action.
They added that they reported the matter to and cooperated with US regulators.