KPMG Sells Another $600 MM of Lehman Asia Assets, But Long Road Ahead

Lisa Chapman, Big4.com
June 21, 2010

We have blogged extensively about PricewaterhouseCoopers’ role as the administrators or Lehman Brothers Europe, including their $24,000 per hour price tag to the bankrupt holding entity (http://www.big4.com/?page=blog_item&url=pwc-administration-of-lehman-translates-to-24000-per-hour-491).

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EU Starts To Deeply Focus on Big Four Auditors

Following the voluminous and rather scathing report on the Lehman collapse by Anton Valukas, the Lehman Brothers court examiner, and of the reported professional negligence by Ernst & Young, the company’s auditor, it appears that the EU is taking considerable interest in scrutinizing the overall role of public auditors....


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PwC's Administration of Lehman Translates to $24,000 Per Hour!

18 months after Lehman Brothers so dramatically collapsed on September 15, 2008, PwC UK issued an update of progress on its role as administrator of Lehman Brothers International (Europe)...

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Ernst and Young Found Negligent in Lehman Report, Tough Consequences

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....

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Nomura Buys Lehman Brothers Europe for $2, PwC Adminstrators

Earlier, we had blogged about Nomura of Japan buying the equities and investment banking business of Lehman Brothers Europe for an undisclosed amount. PricewaterhouseCoopers UK were appointed the administrators of this bankrupt firm to assure an orderly disposal...

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US Financial Crisis Impacts Big Four Firm Audit Fees

The current financial crisis in the US has taken a big toll on some storied companies in the recent few months, with unimaginable consequences for the entire financial sector. Consider this:

FannieMae (NYSE:FNM) and FreddieMac (NYSE:FRE) are now under US government conservatorship

Bear Stearns (NYSE:BSC) was purchased for a pittance by JP Morgan (NYSE:JPM)

Merrill Lynch (NYSE:MER) sold itself to Bank of America (NYSE:BAC)

Lehman Brothers went bankrupt recently (NYSE:LEH)...

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