Time to start paying attention to Ernst and the collapse of Lehman

The New York AG has sued Ernst & Young over its role in the collapse of Lehman Brothers.  Probably a good time for those of us CPAs who are far removed from the Big 4 world to start paying attention.  The article in the Wall Street Journal here is a good place to start.  The articles I’ve read at the WSJ and elsewhere are starting to have those “where were the auditors” type of questions.  I know you don’t have enough things to do, but might be worth reading a few articles on point.

1 thought on “Time to start paying attention to Ernst and the collapse of Lehman”

  1. Pingback: Who is the real target in the lawsuit against Ernst & Young? « Attestation Update – A&A news for CPAs from Ulvog CPA

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