Ernst & Young has settled charges with the Securities and Exchange Commission for $2.9 million alleging a conflict of interest in its audits of three companies.

The case involved a series of interviews that Ernst & Young distributed on audio CDs with the CEOs of various companies. The interviews, known as the Ernst & Young Thought Leaders Series, were conducted by executive coach Mark C. Thompson, who was also a board member of three companies audited by the firm, including Best Buy.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access