Ernst & Young sued in US over Lehman collapse

[cream.b]

Accountancy giant Ernst & Young has been sued by New York's attorney general over its role in the collapse of Lehman Brothers during the financial crisis in 2008.
Andrew Cuomo claimed the firm was complicit in a "massive accounting fraud" perpetrated by Lehman.
Ernst & Young said that it would "vigorously defend" itself.
"There is no factual or legal basis for a claim to be brought against an auditor in this context," it said.
"Lehman's audited financial statements clearly portrayed Lehman as a highly leveraged entity operating in a risky and volatile industry."


It should be know that ernst is tanzanian....

 

[EARL B]

Huyu sii ndio wa EPA case zile ma auditors

 

[Herg]

Mtanzania ni Ernest Massawe na sio Ernst. Ernst & Young is a global firm, ilitokea tuu by coincidence kwamba partener wake wa TZ aliitwa Ernest Massawe thats all.

 

[cream.b]

wats the difference from wat i said....point is that Ernst = Ernest massawe = TANZANIA...... Do the Math

 

[Shapu]

Man E&Y is the global firm, sio ya tanzania bana.

 

[Geza Ulole]

Mtanzania ni Ernest Massawe na sio Ernst. Ernst & Young is a global firm, ilitokea tuu by coincidence kwamba partener wake wa TZ aliitwa Ernest Massawe thats all.

Wewe ndiye unachanganya mambo pamoja na kufanana majina, Ernest Massawe wa Tanzania ni partner wa Ernst and Young Tanzania as a branch of Ernst n Young branch in Global. Angalia website utaona...