EY Reminds Us That Audits Provide ‘Reasonable Assurance,’ Not a Guarantee That Billions of Dollars Aren’t Hidden From the Balance Sheet
The NMC Health collapse of 2020 is still haunting EY UK, this time in London High Court as NMC administrators accuse the firm of failing in their duties and not noticing “one of the biggest frauds ever alleged at a FTSE 100 company.” The administrators, whose job it is to find some funds to repay […]
Big 4 Lawsuits: Ex-Deloitte Switzerland Partner vs. Deloitte, NMC Health’s Administrators vs. EY, Floridians vs. Deloitte Consulting
On the docket: former Deloitte Switzerland partner takes the L … again, EY sued over its lack of auditing prowess, and Deloitte Consulting is a lawsuit magnet. Ex-Deloitte Swiss Partner Loses Appeal Of Forced Retirement [Law360] David Joseph took another L in court on Nov. 5 as a London appeals court ruled that the former […]