Monday August 30 2021
Going Concern notes the big fine EY paid for three errors in a recent audit.
I have already mentioned in class that we have several TBTF Too Big to Fail Institutions, CPA firms and banks. Here the audit supervisor missed three areas that were material. He moved to another firm, EY pays the fine and all go on down the road as though nothing happened. Just reorting another of many such incidents.
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