Comments on: Liberté, Egalité, Fraternité: Big Lehman Brothers Troubles For Ernst & Young

By: re: The Auditors » Blog Archive » Will Auditors Ever Answer To Investors For Aiding And Abetting?

Thu, 05 Jan 2012 18:06:13 +0000

[...] Well, that’s changed post-financial crisis. In addition to the big frauds like Satyam, Glitnir, the Madoff feeder funds and garden variety accounting malpractice claims, the auditors are named in high profile subprime cases where fraud is alleged such as New Century and Lehman. [...]

By: Roger Lowenstein Dismisses Charges Against Wall Street; Not So Fast - Francine McKenna - Accounting Watchdog - Forbes

Wed, 18 May 2011 16:39:53 +0000

[...] & Block chairman, non-armchair prosecutor, and corporate defense attorney Anton Valukas, the Lehman Bankruptcy Examiner, provide unequivocal evidence for prosecutors of “colorable claims” against Lehman executives [...]

By: SEC Charges IndyMac Execs: No Sign Of Ernst & Young - Francine McKenna - Accounting Watchdog - Forbes

Mon, 07 Mar 2011 23:55:39 +0000

[...] client and its CFO during the period leading up to the fraud was an Ernst & Young alumnus, just like that other financial institution, Lehman that failed later that year. (S. Blair Abernathy, who settled immediately with the SEC and had [...]

By: In Financial Crisis Autopsy Auditors Nowhere To Be Found - Francine McKenna - Accounting Watchdog - Forbes

Fri, 11 Feb 2011 19:38:07 +0000

[...] questions were asked about Ernst & Young’s potential lack of independence or objectivity as developers and approvers of the Repo 105 technique used for [...]

By: You Are There: A Review of “All The Devils Are Here” - Francine McKenna - Accounting Watchdog - Forbes

Tue, 25 Jan 2011 21:20:48 +0000

[...] is an insider’s and a trader’s perspective. It was published in July of 2009, before the Lehman Bankruptcy Examiner’s Report shed so much light on Repo 105 and the rest of the sins of Fuld and Co. In particular, Anton [...]

By: re: The Auditors » Blog Archive » Nowhere To Hide: Ernst & Young Looking At More Civil Liability For Lehman Failure

Sun, 09 Jan 2011 16:09:05 +0000

[...] Every two-bit journalist and blogger on the business beat is spitting out stories to keep up and one-up each other. It’s not every day that the accounting firms provide so much gossip about spectacular criminal and civil penalties. Well, actually, it is every day. There’s almost a thousand stories in the re: The Auditors pointing to just such an outcome if any of the Big 4 ever looked down the barrel of a litigation shotgun like Lehman. [...]

By: Forget Everyone Else: Why Aren’t Auditors Answering For Financial Crisis? - Francine McKenna - Accounting Watchdog - Forbes

Thu, 09 Dec 2010 17:21:01 +0000

[...] the Lehman bankruptcy examiner report came out this past March, with fingers pointing clearly at executives and auditors Ernst & [...]

By: re: The Auditors » Blog Archive » McKenna Quoted in Business Week

re: The Auditors » Blog Archive » McKenna Quoted in Business Week — Thu, 25 Mar 2010 14:32:44 +0000

[...] by Paul Barrett, an Assistant Managing Editor at Business Week on Anton Valukas. Valukas is the Lehman Bankruptcy Examiner, a Chicago guy, and Managing Partner of law firm Jenner & [...]

By: re: The Auditors » Blog Archive » @Going Concern “Let Me Tell You A Funny Story: Lehman’s Repo 105 Accounting”

Wed, 24 Mar 2010 18:25:15 +0000

[...] a new batch of Ernst & Young auditors arrived at Lehman Brothers each year, Repo 105 transactions must have caused debate. After all, a transaction that’s called a “Repo,” short for [...]

By: E&Y Fights Back After Bankruptcy Examiner Criticism « Accounting News, Accountancy News, Accounting Jobs, Accountancy Jobs, Accountancy Humour

Tue, 23 Mar 2010 13:57:16 +0000

[...] a full (serious) and interesting dissection of the issues check out this post from re: The Auditors. Related PostsBankruptcy Bill – Strip #8 – General Motors [...]