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Browse: Home / 2017 / February / 13 / EY Indonesia arm to pay $1m penalty over telecoms audit — FT

EY Indonesia arm to pay $1m penalty over telecoms audit — FT

By Securities Docket on February 13, 2017, 10:05 am

Ernst & Young’s Indonesian firm has agreed to pay $1m to the US auditing watchdog to settle allegations it fell short of auditing standards, making it the latest affiliate of a “big four” firm to be sanctioned.

The Public Company Accounting Oversight Board issued the penalty against KAP Purwantono, Suherman & Surja and sanctioned two of its members for signing off on an audit despite concerns from a US-based partner reviewing the audit….

via EY Indonesia arm to pay $1m penalty over telecoms audit — FT

Posted in Industry, Top | Tagged Auditors, PCAOB

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