Key facts
- PwC is cutting partner payouts from a 2022 disposal.
- The decision is linked to the fallout from the China Evergrande case.
- PwC is facing fines and a lawsuit.
- Proceeds from the disposal will not be distributed as planned.
PwC has decided to cut partner payouts from a disposal that occurred in 2022. This decision comes as the firm grapples with the repercussions of its involvement with China Evergrande. The accounting giant is currently facing fines and a pending lawsuit, which have prompted this financial adjustment. As a result, the proceeds from the 2022 disposal will not be distributed to partners as originally intended.