Published within
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CommentWire
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Fleming has joined the growing ranks of food retailers currently under SEC investigation, following the announcement of a formal probe into its accounting practices. With memories of the Enron debacle still fresh, such activity is spurring concerns that a widespread revamping of accounting standards might be imminent.
Published By Datamonitor
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06 Mar 2003 |
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CommentWire
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Ernst & Young and Equitable are to battle it out in court, both fighting for their reputation as well as for the huge financial sums involved. The Enron scandal has highlighted the need for accountancy firms to maintain a good name, and Ernst & Young in particular has a lot to lose in the event of defeat.
Published By Datamonitor
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09 Jan 2003 |
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CommentWire
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The struggling firm is desperately trying to get criminal charges against it dropped. If it can manage this, the US practice could well survive - there are plenty of domestic companies who can do without Andersen's disappearing international network. If the criminal proceedings continue, however, retaining customers could prove near impossible.
Published By Datamonitor
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28 Mar 2002 |
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