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 00:00:34.868 --> regulators.