Further, EY admits that during the Enforcement Division’s investigation into the firm, it stated that the firm had no current issues with cheating when, in fact, it had been informed of possible cheating on a CPA ethics exam. Moreover, EY did not correct its stance after it conducted an internal investigation and confirmed that cheating…
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QuadrigaCX, the crypto storyline that keeps on giving, took another bizarre twist, as investigators determined that Gerry Cotten, the CEO of the exchange, had cleaned out the cold storage account balances as far back as April 2018, presumably transferring them to QuadrigaCX accounts at other exchanges. Ernst & Young reported these finding to the court,…
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Moscow Exchange announced that it has successfully undergone an annual assurance review of compliance of the MOEX indices with the IOSCO Principles for Financial Benchmarks. Ernst & Young that had been engaged to complete the review affirmed that index management at Moscow Exchange met 19 IOSCO's principles, and provided reasonable assurance that the processes and…
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LeapRate has learned via regulatory filings that FCA regulated broker ADS Securities London Limited, the UK arm of Abu Dhabi based broker ADS Securities LLC, has had its auditor Ernst & Young resign. No word has been received about a replacement for Ernst & Young at ADS. ADS entered the UK market in late 2015…
Read moreThe Securities and Exchange Commission (SEC) has announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings. Ernst & Young’s payment will be combined with the $140 million penalty agreed…
Read moreCan you be too close to your clients? Apparently so. Especially if you are an auditor. The U.S. Securities and Exchange Commission (SEC) today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on…
Read moreBack to about 70% of pre-reinstatement trading levels.
Read moreBack to about 70% of pre-reinstatement trading levels.
Read moreNot much resolved at WorldSpreads creditors meeting.
Read moreMarketSpreads also seeking €10M compensation from E&Y.
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