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Ernst & Young May Face Fraud Charges in the Lehman Debacle

by | Dec 20, 2010 | Towing

Accounting giant Ernst & Young is expected to face civil fraud charges by New York prosecutors over its alleged role in the spectacular collapse of Lehman Brothers. The lawsuit would mark the first time a Big Four accountant ha…

Fraud Files: When ‘Immaterial’ Financial Errors Hide Real Problems

by | Oct 4, 2010 | Towing

When companies use the word “immaterial” to describe errors or irregularities in their previously reported numbers, what they’re trying to say is that their mistakes involved such small amounts that they don’t really matter. To…

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