Note to PwC Partners: Don't Tell Reporters You Plan to Divorce Your Wife to Hide Assets After an Audit Scandal
3 Articles
3 Articles
Note to PwC Partners: Don't Tell Reporters You Plan to Divorce Your Wife to Hide Assets After an Audit Scandal
Welp there goes at least one PwC partner’s plan to divorce his spouse to protect assets from Evergrande fallout. As covered by Bloomberg in June (and included in our 6.15.26 Monday Morning Accounting News Brief), partners who were on the clock during the Evergrande engagement are bracing for major financial pain as liquidators seek to take every penny they can from the people — and organization(s) — auditing the real estate developer prior to it…
The Financial Times, citing sources, reported that the liquidators of China Evergrande Group sent a letter to PwC's Hong Kong partner, stating that they would hold him personally accountable for auditing errors and explicitly warning him to transfer assets through means such as divorce if necessary.
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