Report reveals “accounting gimmicks” used at Lehman

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Report reveals “accounting gimmicks” used at Lehman

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03-12-2010, 10:02 AM

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Report reveals “accounting gimmicks” used at Lehman

Accountancy firm Ernst & Young (E&Y) has been criticised in a 2,200-page report over the collapse of Lehman Brothers, and could face legal action as a result.The report has accused E&Y of negligence, while senior management at the bank were said to be involved in “lazy accounting gimmicks” to conceal the fact that the bank [...]

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