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New York Attorney General Andrew Cuomo has slapped Big Four audit firm Ernst & Young with civil fraud charges for its alleged role in the collapse of Lehman Brothers. The theory is simple: Lehman ...
Ernst & Young Global Limited, ... who accused EY of fraud and violations of the Securities Exchange Act of 1934. The plaintiffs were seeking damages, interest, and ...
Ernst & Young, Deloitte, KPMG [101] Malaysia: Fraud, money laundering, abuse of political power, government bribes: Wirecard: 2020 [102] Ernst & Young Germany: Allegations of fraud Luckin Coffee: 2020 Ernst & Young China: Inflated its 2019 sales revenue by up to US$310 million Adani Group: 2023 [103] [104] [105] Shah Dhandharia India
Accounting giant Ernst & Young is expected to face civil fraud charges by New York prosecutors over its alleged role in the spectacular collapse of Lehman Brothers, according to a Wall Street ...
The Financial Regulator hired a partner from Ernst & Young, to advise on the €440 billion bank guarantee scheme in January 2009, despite the fact that serious questions have been asked about why Ernst & Young did not spot the massive loans that former chief executive Seán FitzPatrick concealed from his shareholders for eight years. [27]
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet.
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
Indian authorities are investigating the work environment at Ernst & Young after the death of a 26-year-old employee whose mother said she was overworked.