EY Hong Kong Consultant Alleges Sexual Assault, Bullying, and Ghislaine Maxwelling By Her Superiors in This Detailed Account
Late last week, South China Morning Post reported that a consultant at EY Hong Kong has accused Steven Xiong, Head of Greater China Business Consulting, of sexually harassing and assaulting her and another colleague at a karaoke bar. It appears the accuser, Nicole Wang, has written a detailed account of the incident in which she […]
Did a PwC Partner Leak Client Financial Data? A Court Will Decide
We briefly mentioned the following case in an August 2020 link dump of several Big 4 lawsuits going on at the time, there is now a date set for court so we’re throwing out an update. The allegation is that former PwC north of England head Ian Green leaked sensitive information about his client, telling […]
Audit Partner Really Bad at Auditing Won’t Be Auditing Any Time Soon (Or Ever)
The PCAOB has made it painfully clear that they are done pussyfooting around and sick of auditors not doing their jobs. Chair Erica Williams said in September the Board plans to use every tool at their disposal to bring the hammer down on naughty auditors and it seems that’s exactly what they’re doing. Wanna alter […]
Deloitte Partner Who Got Sh*tfaced Drunk and Made an Ass of Himself at the Horse Races Will Be Retiring
You know how they always say accounting is a small world and you should take care not to burn bridges? Well Stephen Cahill, partner and head of Deloitte UK’s executive compensation practice, decided to say “fuck that and fuck you too” this past June when he went on a sexist, racist tirade in the company […]
Accountant Behaving Badly: Cherry Bekaert Partner Arrested For Allegedly Peeing In Someone’s Gas Tank
Today’s “Accountant Behaving Badly” comes via a tip from a reader. Usually public accounting firm partners get into trouble for insider trading, participating in some elaborate fraud, or sexually harassing a subordinate. But Cherry Bekaert partner William Billips got himself into trouble for allegedly going on a rampage after getting kicked out of a Nashville […]
A Few EY Partners Didn’t Get the Auditor Independence Rules Right
The SEC on Dec. 10 decided that two EY partners and one principal didn’t take the auditor independence rules seriously and doled out a few fines and sanctions. And like many of these auditor independence violations that get firms in hot water with the SEC or the PCAOB, the flagrant rules bending by EY had […]
EY Learns the Hard Way Not to Screw Around with the SEC’s Auditor Independence Rules
Back on Aug. 12, 2019, Bubble Wrap maker Sealed Air Corp. disclosed in an 8-K that it had fired EY as its “independent” registered public accounting firm and stated that it had hired PwC. OK, no biggie, the auditor carousel is always going round and round in the Big 4. But the most interesting tidbit […]