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Ernst and Young to face inquiry into role in Anglo collapse

Top accountancy and auditing firm Ernst & Young is facing a disciplinary hearing at an industry watchdog over claims it failed to identify rogue operations at Anglo Irish Bank.

Ernst and Young to face inquiry into role in Anglo collapse

Wed, 14 Sep, 2011 - 15:46

Top accountancy and auditing firm Ernst & Young is facing a disciplinary hearing at an industry watchdog over claims it failed to identify rogue operations at Anglo Irish Bank.

The company must address three key deals in the bank’s 2008 accounts including a €7.45bn overnight deposit from Irish Life & Permanent and €87m loans held by disgraced ex-chairman Sean FitzPatrick.

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Courts Anglo Irish Bank Person: Sean Fitzpatrick Person: John Purcell Person: Willie McAteer Person: Purcell Person: Comptroller & Auditor General Person: Fitzpatrick Person: William McAteer Organisation: Ernst and Young Organisation: Ernst & Young Organisation: Anglo Irish Bank Organisation: Irish Life & Permanent Organisation: Chartered Accountants Regulatory Board (Organisation: Anglo

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