A draft report by the accountancy regulator to the High Court has concluded that EY’s audit of collapsed NMC “was deficient in multiple respects” and that “these failings are extremely serious.” The ...

EY is already the subject of six active investigations by the Financial Reporting Council - Deborah MacDonald/Alamy EY is facing fresh regulatory scrutiny after the Financial Reporting Council (FRC) ...

The UK’s accounting watchdog gave a “scathing” and “highly critical” initial report of EY’s conduct in NMC Health Plc’s audit, lawyers for the collapsed hospital operator alleged in the £2 billion ($2 ...

Ernst & Young (EY) is cutting ties with a significant number of U.S. public companies as audit clients in an effort to revamp its audit practice and improve the quality of its work. Between January 1, ...

The UK's Financial Reporting Council has launched an investigation into Ernst & Young's audit of Shell plc after the auditor disclosed breaches of mandatory partner rotation rules.

Shell is to file amended regulatory filings after Big Four firm EY told the oil giant it broke audit rules after its lead partner overstayed their time. Shareholders were informed on Wednesday that an ...

The U.K. Financial Reporting Council (FRC) launched an investigation into Big Four audit firm EY’s work at Stirling Water Seafield Finance. The probe, announced Jan. 13, is focused on EY’s audit of ...

Ernst & Young is reportedly mulling the idea of spinning off the auditing side of the firm to deal with growing pressure on the Big Four to avoid conflicts of interest with their consulting practices.

The investigation aims to assess adherence to regulations governing the length of service of lead audit partners. Credit: AxOst/ Shutterstock.com. · International Accounting Bulletin · ...