Search Results for: Ernst and Young
Ernst & Young Switzerland Will Accept Bitcoin Next Year
November 29th, 2016
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 ...
Malaysian state fund sacked Ernst & Young and KPMG when auditors asked for documents
April 11th, 2016
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 ...
Sanctions against senior auditor and EY
October 17th, 2017
Ernst & Young LLP (EY) and Julian Gray, Senior Statutory Auditor and Audit Engagement Partner, have been fined and reprimanded after admitting Misconduct in relation to the audit of the financial statements of Tech Data Limited (formerly known as ...
Ernst & Young’s Indonesian member to pay $1 Million to settle audit failure
February 10th, 2017
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 ...
Enforcement Director Andrew J. Ceresney to Leave SEC
December 9th, 2016
The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches ...
KPMG, Deloitte and EY turn into one-stop legal shops
December 9th, 2016
Legal practices in the big four accounting firms are gaining traction with a doubling in team sizes and a number of high-profile recruits as clients look for a one-stop shop. KPMG Law partner in charge David Morris said the ...
UHY Hacker Young appoints former senior manager at EY
November 18th, 2016
UHY Hacker Young has issued an announcement to inform that Max Paterson, former senior manager at EY, has joined its office as a partner in the audit department. Max has over 16 years’ experience in the accountancy profession, the last 12 ...
KPMG is getting questioned to Wells Fargo sales-practices scandal
November 3rd, 2016
Wells Fargo & Co. isn’t the only one having to answer to Washington over its sales-practices scandal. Its longtime auditor, KPMG LLP, is getting questioned, too. In a letter to KPMG last week, Sen. Elizabeth Warren (D., Mass.) and ...
Ernst & Young to Pay $11.8 Million for Audit Failures
October 19th, 2016
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
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 ...
