# Big Four

The Billion-Dollar Price of Negligence: PwC Settles Over Evergrande’s Phantom Profits

PwC Hong Kong has agreed to a record HK$1 billion settlement to compensate Evergrande shareholders following a massive accounting scandal. The move follows regulatory findings that the auditor failed to identify or stop the inflation of over half a trillion yuan in revenue, signaling a new era of aggressive oversight for the Big Four in Greater China.