There were also fingers pointed at each other between between EY partners Schlich and Hansen.
FORBES: Prosecuting Lehman Bad Actors: Does Suing Ernst & Young Help?
Are any of the largest audit firms besides EY vulnerable to a large legal claim such as Lehman?
FORBES: Is Any Other Audit Firm Vulnerable Besides Ernst & Young?
Charges against EY, the firm, by US federal authorities would be embarrassing at best and catastrophic at worst.
FORBES: NY Fraud Case Against Ernst & Young Puts Feds In Bind
Criminal charges against EY by the DOJ could precipitate a failure of the firm, a la Arthur Andersen.
FORBES: NY Fraud Case Against Ernst & Young Puts Feds In Bind
The EY report adds that cloud and SaaS additions comprised 40 percent of the volume for the non-tech sector.
FORBES: Cloud Dominated Corporate Mergers and Acquisitions Over the Past Year
Mr. Ey declined to say which stocks he favors over the longer term.
No surprises here, but Amazon has taken their fancy new Unbox video downloads store live, and it's looking... download-ey.
Somewhere in between is a Poo Ensemble, which is good to have for the weekends when you have no real excuse to be all poo-ey.
But Judge Kaplan has sustained an allegation against EY that implies scienter and it refers to statements made in a review of a 10-Q.
FORBES: Judge Kaplan: Ernst & Young Must Defend Lehman Investor Lawsuit
Lehman remained an EY client until the bankruptcy in September 2008.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
When EY was as difficult and non-cooperative as they seem to have been with Valukas, the NY AG decided to redirect their energies to the auditors.
FORBES: Prosecuting Lehman Bad Actors: Does Suing Ernst & Young Help?
But recently Singapore leaders have started to concede that the outlook for next year and in the medium term may not be as rosy as th ey had previously forecast.
My sources say that investigations of the actions of EY and its partners, and the leverage against Lehman executives they will bring, are very active at both the SEC and PCAOB.
FORBES: Prosecuting Lehman Bad Actors: Does Suing Ernst & Young Help?
And the SEC could slam EY for, what looks like to me, papering over misleading disclosures with their quarterly review stamp of approval and for their bungling of the Matthew Lee investigation.
FORBES: Judge Kaplan: Ernst & Young Must Defend Lehman Investor Lawsuit
Notably, EY does not provide signed reports for their 10-Q reviews for audit client UBS. PwC does not provide signed reports for their 10-Q reviews of audit clients JPM Chase or Bank of America.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
The SEC, who could file civil charges against EY or an individual partner for aiding and abetting a fraud by Lehman executives, and the US Department of Justice (DOJ), who could file criminal charges, want no part of it, in my opinion.
FORBES: NY Fraud Case Against Ernst & Young Puts Feds In Bind
The failure of the Irish economy, for example, presided over by the auditors of Anglo Irish (EY, also auditor to Lehman), Allied Irish (KPMG), Irish Nationwide (KPMG) and the Bank of Ireland (PwC) has had a significant impact on the global financial system and global economy.
FORBES: Is PwC Conspiring To Evade Liability For Frauds In Iceland and India?
In spite of no legal requirement, EY and the other audit firms consented to inclusion of signed reports of their quarterly reviews (as opposed to an opinion which has a very strict definition in the standards and the law) in the 10-Qs of some other financial services firms.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
应用推荐