罕见！拒绝额外增加审计费，上市公司建议普华永道辞任

Core Viewpoint - New City Joy Service has faced significant issues regarding its financial reporting and auditing, leading to the resignation of its auditor, PwC Hong Kong, due to disagreements over additional audit fees and undisclosed transactions with related parties [1][4][6]. Group 1: Company Background - New City Joy Service is primarily engaged in property management and value-added services, with its actual controller being Wang Zhenhua, the former chairman of New City Holdings [2]. - PwC has served as the auditor for New City Joy Service since its listing in 2018, covering all six reporting periods from 2018 to 2023 [2]. Group 2: Financial Performance - The company announced a projected net loss for 2024 between approximately RMB 700 million and RMB 900 million, attributed to increased credit impairment losses and goodwill impairment due to intensified industry competition [2][3]. - As of December 31, 2024, the company had previously provided financial assistance to related parties, with a maximum outstanding balance of RMB 800 million, all of which has since been repaid [3]. Group 3: Audit Issues - During the audit of the 2024 financial results, PwC discovered several transactions with related parties that were not recorded in the company's financial statements, leading to discrepancies in bank reconciliation statements [2][4]. - Following the discovery, an independent investigation committee was formed by the company's board to address the issues raised by PwC [4]. Group 4: Auditor Resignation - PwC submitted a proposal for additional audit fees due to the extra time required for the investigation but was rejected by New City Joy Service, which led to the recommendation for PwC's resignation [4][6]. - The resignation of PwC is notable as it is uncommon for auditors to be suggested for resignation by the companies they audit, particularly over fee disagreements [1][6]. Group 5: Market Context - The resignation of auditors in the Hong Kong market is relatively rare, with most cases arising from either the inability to complete audits on time or disagreements over audit fees [6][7]. - PwC has seen a decline in its audit engagements, with a significant drop in the number of annual report audits in both A-share and Hong Kong markets compared to the previous year [8].