PracticeAccounting FirmsGoogle man settles accounting claim at SkillSoft

Google man settles accounting claim at SkillSoft

Ernst & Young censured by SEC over inadequate audit expertise at software company

Google’s chief legal officer and Ernst & Young have settled claims by the
US Securities and Exchange Commission for accounting misstatements at the
executive’s former employer, SkillSoft Plc.

David Drummond, who served as chief financial officer at New Hampshire-based
Skillsoft until 2002 while it was known as SmartForce, agreed to pay $574,000
(£287,000) to settle claims that he let the company overstate revenue, the
SEC said in a
statement
yesterday.

The SEC censured Ernst & Young in Dublin, which agreed to pay $725,000,
because it did not assign auditors with enough expertise to examine the software
company’s accounts.

‘In retrospect, Mr Drummond acknowledges that he would have been better
served in his role at SmartForce had he possessed an accounting background,’ his
lawyer, Harvey Wolkoff, told
Bloomberg
news agency

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

6d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman