Ernst & Young and Lehman Brothers: A Summary of Quotes, Stories and Links
The release of Anton Valukas’ Lehman Bankruptcy Examiner’s Report on March 11, 2010 threw a fresh match on the still smoldering remains of the 2008 failure. The mainstream media, regulators, legislators and the business community had blamed everything but fraud for the financial crisis and everyone but the audit firms for preventing, warning or mitigating the devastating impact of the crisis.If you’ve been reading the stories on this site, however, you may have come to the conclusion that I did a long time ago:
There was widespread fraud at the highest levels and the Big 4 auditors will eventually be accused of malpractice and complicity for doing nothing to prevent it , to warn us, or mitigate the impact on stakeholders