Ernst & Young fined £1,800,000 for dud audits of Made.com Did not establish that the business was a going concern, accepted management's assertions. No big accounting firm delivers good audits, act was poodles not watchdogs, fines passed to other clients. Audit itself is a fraud.
Sanctions against Ernst & Young LLP and Ms Julie Carlyle
Executive Counsel to the Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice under the Audit Enforcement Procedure, imposing sanctions on Ernst & Young LLP (EY) and Julie C...
frc.org.uk