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GAAP.RUNewsFRC will ask E&Y about Lehman transactions

FRC will ask E&Y about Lehman transactions

UK regulator says it will look into accounting treatment for Repos

Author: Mario Christodoulou

Publication date: 16 March 2010

The UK’s reporting regulator said it will investigate the accounting treatment of Repo transactions which were at the centre of professional negligence claims directed at Big Four firm Ernst & Young and their audit of collapsed bank Lehman Brothers.

The UK’s reporting regulator said it will investigate the accounting treatment of Repo transactions which were at the centre of professional negligence claims directed at Big Four firm Ernst & Young and their audit of collapsed bank Lehman Brothers.