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PwC pays $166 million to settle HK Evergrande audit probe

PwC pays $166 million to settle HK Evergrande audit probe

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Regulation, Risk Management

PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...

All airport operators to conduct third party audit of structural stability of buildings

by AIP Online Bureau | Jul 22, 2024 | Indian News, Non-Life, Policy, Regulation, Risk Management, Technology

“All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon...
US FAA says Boeing 737 MAX production audit found compliance issues

US FAA says Boeing 737 MAX production audit found compliance issues

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Risk Management

The audit was prompted by a Jan. 5 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that lost a door plug at 16,000 feet (4,877 meters). The FAA previously barred Boeing from expanding 737 production The Federal Aviation Administration on Monday said the...
DGCA starts 2-month-long special audit of airlines

DGCA starts 2-month-long special audit of airlines

by AIP Online Bureau | Jul 24, 2022 | Indian News, Risk Management

The focus of the aforementioned special audit will be facilities like hangars and stores, equipment being used by airline personnel, airlines’ quality assurance system, aircraft grounded due to lack of spare parts and airlines’ maintenance control centre,...

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