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.
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