January 21, 2021

TIL: There Are a Slew of Chinese Communist Party Members Who Work At the Queen’s Big 4

“This is a bizarre and scandalous state of affairs. Putting aside any espionage risk, which is clearly highly serious in itself, surely there are significant questions to be answered about client confidentially. If I was a client of these firms, would I really want my sensitive business information being discussed by people with links to a one-party state? I do think we need to be clear about both the undoubted opportunities, but also the very obvious risks, of business with China.”

Tory MP Bob Seely, a member of the Foreign Affairs Select Committee, said about a report by The Telegraph that revealed the Big 4 firms in the U.K. have employed more than 2,000 members of the Chinese Communist Party, including at least one partner in every firm.

According to The Telegraph:

At least 400 KPMG staff had CCP membership in 2016 according to documents seen by the Telegraph – with one partner praised by a Chinese state website for “making the red gene take root”.

Meanwhile EY and Deloitte each employ more than 800 party members, including Deloitte’s deputy director in China. Some senior staff at PwC are members too, including at least one partner.

Big Four auditors employ hundreds of Chinese Communist Party members [The Telegraph]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

4 Comments

  1. Fuck China! Biggest human rights violators, cheaters, liars, and stealers of all they cannot create themselves!!

Comments are closed.

Related articles

Number of the Day: $547,841

As the Paycheck Protection Program has again thrown out a life raft of relief loans this past week to struggling small businesses, our friends at INSIDE Public Accounting recently surveyed 110 managing partners and CEOs to find out how their firms worked to serve clients with PPP-related advice and assistance in 2020. What the survey […]

RIP Jack Ryan, Senior Digital Marketing Manager at PwC U.K.

Really sad news from the U.K., where a PwC marketing manager was struck by a car and killed while jogging last week at a notoriously dangerous spot for pedestrians in Chelsea. Birmingham Mail reported: Jack Ryan was struck by an oncoming Range Rover on Wednesday, January 13 at around 6pm close to Battersea Bridge in […]