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GAAP.RUNewsWatchdog opens investigation of E&Y over Lehman

Watchdog opens investigation of E&Y over Lehman

Disciplinary board probes “preparation and audits of the financial statements of Lehman Brothers”

Author: Mario Christodoulou

Publication date: 16 June 2010

Ernst & Young faces fresh scrutiny into its audit of Lehman Brothers after the UK’s accounting watchdog announced it would investigate the alleged use of accounting gimmicks by the collapsed US bank.

Ernst & Young faces fresh scrutiny into its audit of Lehman Brothers after the UK’s accounting watchdog announced it would investigate the alleged use of accounting gimmicks by the collapsed US bank.