Ernst & Young In $15M Settlement
Ernst & Young Agreed To Settle A Probe. The Internal Revenue Service said Wednesday that accounting firm Ernst & Young agreed to settle a probe into tax shelters with a payment of $15 million. "The settlement underscores our commitment to having a good working relationship with the IRS and complements the initiatives we have … [Read more...]
Ernst & Young Could Face New Liability in HealthSouth Case
Ernst & Young Could Face Liability. Big Four firm Ernst & Young may face increased liability in relation to its former client HealthSouth. The New York Times reported Saturday that internal investigators at HealthSouth have found evidence of shoddy accounting by E&Y. The Times account emphasized that there was no claim of fraud … [Read more...]
Ernst & Young Had Early Warning On HealthSouth
HealthSouth Widespread Fraud. Ernst & Young said on Wednesday that it had been alerted to potential accounting problems at HealthSouth as far back as June last year, some nine months before the healthcare company was accused of widespread fraud by federal investigators. James Lamphrom, a partner at E&Y, was giving evidence at a … [Read more...]
