E&Y to Pay $9.3M in SEC Case

Monday, 19 September 2016
Tax

E&Y has agreed to pay $9.3 million in monetary sanctions in a case in which the two formers audit partners maintained improperly close relationships with individuals at client companies. One had a close friendship with the CFO of a firm he was auditing and another partner on an engagement team for the audit of another company was romantically involved with the business' chief accounting officer.

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