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News Centre
FRC Investigates Going Concern Reporting of China Evergrande
12 Oct, 2021
The FRC has today initiated:
(1) An enquiry into the financial statements of China Evergrande Group (China Evergrande) for both the year ended 31 December 2020 (2020 Annual Accounts) and the six months ended 30 June 2021 (2021 Interim Accounts); and
(2) An investigation of the audit carried out by PricewaterhouseCoopers (PwC) on the 2020 Annual Accounts (2020 Audit).
The FRC identified questions about the adequacy of reporting on going concern in China Evergrande’s 2020 Annual Accounts and 2021 Interim Accounts and PwC’s auditor’s report for the 2020 Audit through our market surveillance activities. We also received a complaint from a member of the public on these matters in relation to the 2020 Annual Accounts and 2020 Audit.
For details, please click here.
