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GAAP.RUNewsAudit companies’ competence questioned

Audit companies’ competence questioned

Publication date: 15 March 2010

Recent announcements by American experts (that Ernst & Young became the main reason for Lehman Brothers’ bankruptcy) brought back to life discussions of the latest financial crisis. Analysts are now rethinking the role which was played by audit companies.

Professionalism of “Big Four” companies - PwC, KPMG, Deloitte, E&Y – questioned for their audits during the financial crisis.