Starr's initial lawsuit claimed that Ernst & Young handed the collapsed investment bank clean audits year after year even though it knew Lehman used allegedly fraudulent transactions. Read more
Madoff revealed his scheme in December 2008 amid a collapsing economy, admitting that account statements showing clients held nearly $68 billion were a sham. Read more
The Public Company Accounting Oversight Board, the watchdog agency for the accounting industry, has fined big firm Ernst & Young $2 million for alleged lapses in three audits of a pharm... Read more
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