The US Supreme Court has thrown out negligent audit claims made against Ernst
& Young in the wake of a hedge fund collapsing.
Liquidators sued the firm’s Cayman Islands unit, accusing E&Y of
performing a below-par audit of the Beacon Hill Master hedge fund after it lost
$300m (£151m), almost half of its net asset value,
In his ruling, Judge Charles Ramos said that the investment managers
effectively controlled every aspect of the fund’s operations and made material
misrepresentations to Ernst & Young.
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Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned