first_imgMonday 4 October 2010 9:16 pm Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child THE accounting watchdog yesterday opened a second investigation into auditor Ernst & Young (E&Y) over its auditing of failed US investment bank Lehman Brothers.The probe will examine what E&Y told UK regulators about how Lehman Brothers was complying with client asset protection rules.“The Accountancy and Actuarial Discipline Board (AADB) has begun an investigation under its accountancy scheme into the conduct of Ernst & Young, auditors to Lehman Brothers International (Europe),” the accounting watchdog’s board said.The board has powers to impose sanctions ranging from a reprimand to unlimited fines and withdrawal of registration to operate.The new probe will look at what E&Y reported to the Financial Services Authority (FSA) about Lehman’s compliance with the FSA’s client asset rules, which govern the protection of client money.The probe by the AADB, which is part of the Financial Reporting Council (FRC), a regulator, covers the year that ended 30 November 2007. The board opened its investigation after the FSA raised some issues.Lehman collapsed in September 2008, bringing the global financial system to its knees and leading to a round of sweeping regulatory reforms.E&Y, one of the “Big Four” global auditors, confirmed it has been approached by the AADB in relation to reporting on client assets. “We will cooperate fully with the investigation,” the accountancy firm said . Second probe into E&Y over Lehman Brothers collapse Show Comments ▼ whatsapp whatsapp KCS-content Share last_img

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