E&Y Staff Face Internal Probe into China Loans Report

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002881-ey-staff-face-internal-probe-into-china-l/

The chief operating office for Ernst & Young has called for an internal investigation into the accounting firm?s recent publication and retraction of a report on China?s non-performing loans, according to a Financial Times story.

Ernst & Young will send compliance officials, among other staff, to investigate the publication of the report. According to some at Ernst & Young, the report did not go through the normal vetting process.

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