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IPFS News Link • Business/ Commerce

Why Is Ernst And Young The Auditor At So Many Companies That Have Recently Imploded

• by Tyler Durden

The big four accounting firm has "missed red flags or failed to aggressively pursue them" at many of these companies ahead of their scandals, according to a new write up by The Wall Street Journal

Regulators are now taking a look at E&Y's work, the report claims, as a result. 

E&Y has stood by its work and has attested that it has high standards. But it's tough to not want to try and notice that a trend is emerging with companies that are blowing up spectacularly. 

Andy Baldwin, EY's global client service managing partner, told WSJ: "We take all issues extremely seriously."