Aw, no trip to Davos for BoMo, T-Ry, Carmen, Kelly, Punit, Joe U., and Paulie […]
The outside investigation into accusations of sexual harassment at EY Switzerland has been completed, and […]
Well, guys, we learned today that at an EY Switzerland holiday party a few years […]
The chief talent officer at EY Switzerland was suspended by the firm today pending an […]
That is, helped American clients stash money offshore.
Credit Suisse said Friday it had been notified that it was the object of an investigation by the United States Department of Justice, citing “a broader industry inquiry.” The Swiss bank said that it had previously received subpoenas and other information requests from the Justice Department and other government agencies regarding cross-border services that its private banking arm provided to American clients.
As you may recall, the situation for UBS didn’t turn out so well and they sorta went back on that whole “secrecy” thing. Unfortch for Credit Suisse, they’ll probably have to snitch too:
On Friday, a court in Lausanne upheld the Swiss government decision to force UBS to hand over client data, citing “virtually uncontrollable economic repercussions for Switzerland” if it had not done so. That decision implies that Credit Suisse, too, may be ordered to surrender information about customers’ accounts to American authorities.
Swiss Village Insists Law That Allows for Killing of Dogs for Unpaid Tax ‘Isn’t About a Mass Execution of Dogs’
Someone call the State Department and cut off all ties with the Toblerone cobblers until this get rectified.
Reconvilier — population 2,245 humans, 280 dogs — plans to put fido on notice if its owner doesn’t pay the annual $50 tax. Local official Pierre-Alain Nemitz says the move is part of an effort to reclaim hundreds of thousands of dollars in unpaid taxes.
Why, you ask? Apparently because the town had exhausted all other possible methods of collection back before World War I and there’s no point in trying anything else.
He says a law from 1904 allows the village to kill dogs if its owner does not pay the canine charge. Nemitz told the AP on Monday that authorities have received death threats since news of the plan got out. “This isn’t about a mass execution of dogs,” Nemitz said. “It’s meant to put pressure on people who don’t cooperate.”
Accounting News Roundup: UK Launches Probe of E&Y’s Final Lehman Audit; Revolving Door at SEC Scrutinized; Swiss Upper House Rejects Referendum | 06.16.10
UK watchdog launches Lehman audit probe [Reuters]
The UK’s Accountancy and Actuarial Discipline Board (AADB), investigative and disciplinary body for accountants, has started an investigation into the Ernst & Young’s final audit of Lehman Brothers’ UK operations for the year ending November 30, 2007.
E&Y, completely familiar with this drill, is sticking to their guns, “Ernst & Young’s audit opinion stated that Lehman’s financial statements for that year were fairly presented in accordance with the relevant accounting standards, and we remain of that view.”