EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal August 7, 2023 By Lewis Jackson Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on...
PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts June 27, 2023 By Lewis Jackson PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice...
EY Sued in UK for Alleged Negligence in Audits of Troubled Hospital Operator, NMC May 2, 2022 The administrators of NMC Health PLC have filed a lawsuit against EY in the United Kingdom for alleged negligence on...
UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors June 28, 2021 By Huw Jones LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands...
EY and Germany’s Finance Minister Blamed for Oversight Failings in Wirecard Collapse June 23, 2021 BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s...
UK Company Directors Could Become Personally Liable for Financial Statements February 8, 2021 By Huw Jones LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s...
German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse December 7, 2020 MUNICH – German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting...
German Lawmakers Agree to Corporate Accounting Reforms After Wirecard Scandal October 7, 2020 By Michael Nienaber Germany’s coalition parties have agreed a package of reforms to financial and accounting rules aimed at avoiding another Wirecard scandal,...
Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries April 2, 2018 Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and...