What were the specific reasons that led to the Saudi wealth fund suspending PwC, and what impact could this decision have on the funds operations and financial management going forward?
How does the suspension of a major audit firm like PwC by a prominent entity like the Saudi wealth fund raise concerns about the overall transparency and reliability of financial reporting in the Saudi market?
In light of this development, what steps should the Saudi wealth fund take to ensure proper oversight and accountability in its financial management practices, and what alternative auditing options could be considered to address the concerns raised by the suspension of PwC?
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