Facing a claim of up to £2.6bn, the Big Four firm simply cannot afford to lose such a case. The judge presiding over the recent case with the Joint Disciplinary Scheme said that if E&Y lost its case with Equitable it would face bankruptcy.
Legal experts close to the situation expect Ernst & Young to succeed.
The case is expected to continue for much of the week, with a judgement only due out in a couple of weeks.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton