# Audit Fraud

PwC to Pay HK$1 Billion Settlement Over Evergrande Audit Failures in Hong Kong

PwC Hong Kong has agreed to a HK$1 billion settlement with the SFC to compensate minority shareholders of China Evergrande Group following fraudulent audits for 2019 and 2020. The move aims to restore market integrity and marks a major escalation in auditor accountability within the region.