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Ernst & Young sued in US over Lehman collapse

Discussion in 'Habari na Hoja mchanganyiko' started by cream.b, Dec 22, 2010.

  1. cream.b

    cream.b Member

    #1
    Dec 22, 2010
    Joined: Apr 17, 2010
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    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....
     
  2. E

    EARL Member

    #2
    Dec 22, 2010
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    Huyu sii ndio wa EPA case zile ma auditors
     
  3. H

    Herg Senior Member

    #3
    Dec 22, 2010
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    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.
     
  4. cream.b

    cream.b Member

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    Dec 22, 2010
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    wats the difference from wat i said....point is that Ernst = Ernest massawe = TANZANIA...... Do the Math
     
  5. Shapu

    Shapu JF-Expert Member

    #5
    Dec 22, 2010
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    Man E&Y is the global firm, sio ya tanzania bana.
     
  6. G

    Geza Ulole JF-Expert Member

    #6
    Dec 22, 2010
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    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...
     
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