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The Big 4 – time for the resumption of the exercise of judgement
December 21st, 2010
The FT has noted:
New York state prosecutors could file civil fraud charges against Ernst & Young for allegedly helping Lehman Brothers hide debt, according to a person familiar with the matter. The office of Andrew Cuomo, the New York attorney general who will be sworn in as the state’s governor next month, could file a lawsuit as early as this week, this person said. If a lawsuit is filed, it would be the first allegations involving Lehman since the bank filed for bankruptcy in 2008, and the first charges against an accounting firm in...
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Ernst & Young get country-by-country reporting wrong
July 29th, 2009
Ernst & Young have published their latest “Tax policy and controversy brie?ng: A quarterly review of global tax policy and controversy developments”. On page 13 they say:

Country-by-country reporting concept attracts attention

At the Berlin meeting, a report which advocates the introduction of country-by-country reporting by multinational companies received some attention. The report, Country-by-Country Reporting: Holding multinational corporations to account wherever they are was authored by the Task Force on Financial Integrity and Economic Development, a global group of civil society organizations. It was reported that at the Berlin meeting...

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