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Evergrande liquidators challenge watchdog’s HK$1 billion settlement with auditor PwC [South China Morning Post]
Hong Kong’s securities market regulator has defended a HK$1 billion (US$128 million) settlement with an accounting firm at the centre of an auditing scandal involving developer China Evergrande Group, saying it has unfettered powers to enforce discipline and a duty to protect the interests of independent investors.
KPMG prepares to unleash ‘project vector’, slashing staff and costs [Financial Review]
KPMG’s board is preparing to sign off on the first stage of a cost-cutting plan known as Project Vector next week, as the accounting and consulting firm has discussions about a financial lifeline from its global parent amid a document misuse scandal that has hit revenue. Project Vector initially will target about two dozen partners and 450 staff, but more partners are expected to leave, including some waiting until...
White House border czar Tom Homan fired back on Sunday's "State of the Union" after Sen. Chris Murphy, D-Conn., accused U.S. Immigration and Customs Enforcement ("ICE") of targeting parents at sch...