Search Results for: Ernst & Young

Ernst & Young’s Indonesian member to pay $1 Million to settle audit failure

February 10th, 2017 (0)
PCAOB Announces $1 Million Settlement with Indonesian Member of Ernst & Young Network for Audit Failure, Noncooperation, and Violations of Quality Control Standards Also, two audit partners were sanctioned for their roles in the audit failure The Public Company ...

Ernst & Young Switzerland Will Accept Bitcoin Next Year

November 29th, 2016 (0)
The Swiss branch of global professional services firm Ernst & Young is set to begin accepting bitcoin payments next year. Starting in January, EY Switzerland will accept bitcoin for invoice payments, the firm said last week. The company will also launch ...

Ernst & Young to Pay $11.8 Million for Audit Failures

October 19th, 2016 (0)
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate ...

Ernst & Young, Former Partners Charged With Violating Auditor Independence Rules

September 20th, 2016 (0)
The Securities and Exchange Commission today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal ...

Malaysian state fund sacked Ernst & Young and KPMG when auditors asked for documents

April 11th, 2016 (0)
The scandal surrounding Malaysian state fund 1Malaysia Development Berhad has thrown up some very interesting facts about how the state fund was managed. According to a probe by a parliamentary committee, the fund had sacked two audit firms over ...

FSA Japan issued disciplinary action against Ernst & Young Japan

December 28th, 2015 (0)
The Financial Services Agency (FSA) of Japan, has issued a press release to inform regarding disciplinary action against an Audit firm and Certified Public Accountants On December 22, 2015, the FSA issued an administrative order to Ernst & Young ...

Investor Seeks to Hold Ernst & Young Liable for Madoff Losses

October 15th, 2015 (0)
Court papers show FutureSelect invested about $200 million Ernst & Young failed to serve as a gatekeeper for a Washington investment firm that sank millions of dollars into Bernard Madoff’s investment firm and should be held liable for its losses, ...

Ernst & Young settles with N.Y. for $10 million over Lehman auditing

April 16th, 2015 (0)
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney ...

Ernst & Young Role in Gowex Fraud Questioned

August 14th, 2014 (0)
Investors and the Madrid exchange are asking just who was verifying its financial statements, after the Wi-Fi hotspot provider, Let’s Gowex SA collapsed last month. Auditor Jose Diaz, of M&A Auditores, has been named as a suspect and jailed ...

Ernst & Young settles SEC accusations for $4 million

July 15th, 2014 (0)
Ernst & Young agreed to pay $4 million to settle charges that it compromised its independence. Ernst & Young has agreed to pay $4 million to settle charges by the Securities and Exchange Commission that its auditors illegally lobbied ...
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