KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj Group, the latest in a string of complaints of sloppy auditing made against the Big Four firm. The claimants, two …
Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the audit of transport firm Stagecoach Group’s financial statements in 2017. The Financial Reporting Council (FRC) said Mark Harvey, the auditing …
Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about their accounting work for scandal-ridden Wirecard AG. The ruling gives EY clarity about how much information it may disclose under …
Berkshire Hathaway GUARD Insurance Companies recently announced it added Pennsylvania to the list of states where the insurer offers its Accountants Professional Liability product. In 2016, it began writing Professional Liability for a limited number of classes in 13 states …
The Hanover Insurance Group, Inc. has added enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering. Hanover Accountants Professional Advantage offers standalone coverage for a range of professionals, from small tax preparers to top …
A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates. Amjad …
CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has introduced a new insurance application for smaller CPA firms. The online, interactive application guides users through a three-step process for accountants professional liability (APL) insurance. …
Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The following E&O PROtect forms are currently …
CAMICO, a CPA-directed program of insurance and risk management for the accounting profession, and Berkley Alliance Managers (BAM), a W. R. Berkley Company, have announced new insurance policies with enhanced coverage. Policies are issued by W. R. Berkley Insurance Group …
Forrest T. Jones & Company (FTJ) has completed an agreement with Liberty International Underwriters (LIU) to serve as the program administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will …
