Auditor EY sued for $2.6 billion in damages by UAE's NMC Health

Auditor EY sued for $2.6 billion in damages by UAE's NMC Health

London court hears call for damages after 'disgraced' auditing efforts over seven years allowed 'massive fraud'

EY in trouble for audit failure of NMC Healthcare: Faces £2 Billion

One of the world’s top audit firms, EY, is being sued for £2 billion over its alleged failure to spot glaring red flags in NMC Health’s books from 2012 to 2018. We’re talking about billions in hidden debt, secret bank accounts, and fake financials — all signed off by EY….For six straight years!  Now EY claims it was “fooled” by a few rogue executives. If that’s true — what exactly is the Big Four auditing? So…Who exactly is NMC Health? NMC Healt…