PracticeAccounting FirmsNew charges in E&Y tax shelter case

New charges in E&Y tax shelter case

More partners facing indictment

Despite suffering a setback in its tax shelters case involving former KPMG
partners, the US government is set to file a new indictment in a case involving
current and former Ernst & Young partners.

According
to Reuters,
the partners will face charges related to the sale of
questionable tax shelters.

US prosecutors are expected to either file the indictment by a 13 December
hearing or be close to filing it by then.

Those already charged include
Robert
Coplan, former national director of Ernst & Young’s Center for Family Wealth
Planning; former Ernst & Young partner Richard Shapiro, who is currently on
administrative leave; and Brian Vaughn, a former senior manager at the firm.


Further reading:

Judge kicks outs case against 13 ex-KPMG executives

Memo reveals KPMG feared total US collapse

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

1d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin