| About the Book |
| The Cheating Report |
| Join the Conversation |
| About David Callahan |
More:
Other Topics:
Ernst & Young
Ernst & Young Accused of Undermining Sarbanes-Oxley
The accounting firm was advising clients of a loophole in the reform law, allowing directors to bypass audit committees. This is the latest in a series of challenges the firm is facing from the SEC, which has had reported violations of Sarbanes-Oxley from various consumer groups. The SEC filed a brief against the country's third-largest accounting firm in May, recommending that it not be allowed to take on any new public company audit clients for the next six months.
News
Amid questions and concerns about conflicts of interest and dishonesty among the 'big four' accounting firms, Accountancy Magazine has found that non-audit fees have dropped 27%.
 |
Investigations have started over various tax shelters that the company advised executives at Sprint to use, resulting in lost tax revenue of $123 million.
|
|
|
|
|