Ernst & Young

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Ernst & Young To Pay US Regulators $123m Over Tax Avoidance Schemes

Pile Of Coins

Ernst & Young has agreed to pay $123m (£82m) in a settlement with criminal prosecutors in the US, admitting that some of its most senior tax partners had been involved in developing, marketing and defending tax avoidance schemes between 1999 and 2004 to dodge taxes worth $2bn faced by about 200 wealthy individuals.



Ernst & Young agrees $9.3m settlement with SEC

The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.

M&A appetite continues to grow: EY

So far, 2016 has not been a stellar one for big-name initial public offerings (IPOs), but an Ernst & Young report says the mergers and acquisition (M&A) outlook remains positive with more and more non-tech companies acquiring tech companies.