Hier ein Bericht aus der heutigen Shanghai Daily:
PWC will continue to invest in China and won’t cut its exposure to Chinese companies seeking overseas listing despite the dilemma that “have caught auditors in the middle” between United States and Chinese regulators over allegations of fraud at US-listed Chinese corporations.
The world’s biggest accounting firm by revenue will open five new offices in China in five years to bring its total to 20 and also expand its employee numbers to ride on the country’s growth, Dennis M. Nally, chairman of PricewaterhouseCoopers International Ltd told Shanghai Daily in an interview in the city on Saturday.
“To deal with what we consider to be the opportunities here reflecting clients’ base, we are adding our investment in China significantly,” he said.
The London-headquartered firm will hire another 3,000-plus employees in China in the fiscal year ending June 30, 2012, including 2,000 new university graduates and 1,000 experienced personnel.
That was more than 10 percent of the firm’s global recruitment plan of 20,000 new graduates and 5,000 experienced staff.
Its plan is in contrast with the chilly winter the “Big Four” firms faced in the financial crisis of 2008 when layoffs, salary freezes, and no-pay holidays were common in China despite the country’s economic growth. The firm has a 16 percent turnover rate globally.
Indeed PwC’s confidence to keep investing in China comes when suspected frauds at US-listed Chinese companies have raised questions about corporate governance in China.
A US federal court has already ordered Deloitte Touche Tohmatsu, another Big Four auditing firm, to hand over records on software company Longtop Financial Technologies, a former client.
Deloitte said it could not produce the requested documents without approval from the Chinese regulatory authorities. Auditors were caught in the middle as both US and Chinese regulators have their own policy regarding scrutiny of documents.
Last week, Reuters reported that China’s financial regulators have reportedly asked the world’s biggest audit firms, including PwC, to urgently review their work on US-listed Chinese companies and provide detailed information they may have provided to overseas regulators.