There’s been so much press on the recently released report on the spectacular failure of Lehman Brothers by Anton Valukas, so we’ll just focus on the key elements which involve Lehman’s auditor Ernst & Young....
Wednesday, March 17, 2010
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2 comments:
I think you should make it clear that the cancelation of the Saudi license is not Lehman related. In addition, it is one kind of license for corporate finance rather than audit.
We agree, the cancellation of the Saudi licence for E&Y Corporate Finance was contemporaneous but not related to the Lehman report. We have corrected the blog post, thanks for pointing this out.
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