Updated law introduces lifetime bans for worst offenders and restricts unauthorized offshore data transfers
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China will double the maximum financial penalties for accounting firms that issue fraudulent reports and slap lifetime bans on accountants guilty of intentional crimes, aiming to restore investor confidence following a wave of corporate scandals.
Beijing’s draft amendment toughens rules and extends liability, after PwC’s Evergrande penalties underscore audit failures.
Beijing’s draft amendment toughens rules and extends liability, after PwC’s Evergrande penalties underscore audit failures.
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