I mean, you know how it is, when you lose $192 million. It’s a tough thing to forget. The Journal reports that the Garden State has renewed its lawsuit against E&Y saying “Those review reports were false, as E&Y knew or should have known that Lehman’s quarterly financial statements were not prepared in accordance with [GAAP].” When reached for comment, E&Y spokesman Charlie Perkins’s voice was barely audible on a nearly worn out tape recording, “Lehman’s demise was caused by the global financial crisis that impacted the entire financial sector, not by accounting or financial reporting issues.” Wouldn’t it be nice if Chuck had Nick DeSanto sing the statement? With a rock accompaniment? At least it would liven up this story again. [WSJ]
Related Posts
Will the Foreclosure Settlement Result in Collateral Damage at the Big 4?
- Caleb Newquist
- January 7, 2013
Earlier today, a settlement was reached between federal regulators, led by the Office of the […]
Share this:
The Texas Board of Accountancy Slapped EY With a Huge Fine
- Going Concern News Desk
- November 13, 2023
A year and a half after the SEC announced a record $100 million fine against […]
Share this:
Ernst & Young Adds to Its Murderers’ Row of Tax Experts
- Caleb Newquist
- June 3, 2013
Ernst & Young has wrestled Jeff VanderWolk away from the Senate Finance Committee where he […]