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...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...
EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach August 25, 2021 Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the...
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...
Britain Targets Big 4 Auditors, Company Directors With Reform Proposals March 18, 2021 By Huw Jones Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud...
Alabama State Suit Against Auditor Dismissed by California Court July 3, 2014 A California court has dismissed a lawsuit filed by Alabama State University against the auditing firm that’s reviewing the school’s...
Auditors Successful in Defending Against Investor Lawsuits January 24, 2011 By Dena Aubin Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a...