Auditing Firm Accused of Improprieties; SEC: Arthur Young Borrowed From Client From: The Washington Post | Date: June 14, 1991| Author: John M. Doyle | Copyright (null) The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

The Dallas office of the accounting firm Arthur Young & Co. claimed to be independent auditors of a Texas bank while some of the firm's partners received more than $20 million in loans from the bank, federal regulators charged yesterday.

In a lawsuit filed in federal court in Washington, the Securities and Exchange Commission charged that Ernst & Young, the accounting firm's successor, failed to disclose that its independent auditor status had been compromised by loans from Republic...

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	Auditing Firm Accused of Improprieties; SEC: Arthur Young Borrowed From Client The Washington Post ; The Dallas office of the accounting firm Arthur Young & Co. claimed to be independent auditors of a Texas bank while some of the firm's partners received more than $20 million in loans from the bank, federal regulators charged yesterday. In a lawsuit filed in federal court in Washington, the
	Accounting Merger to Form Giant; Ernst & Young to Be Largest Firm in Field The Washington Post ; ... sixth-ranked Arthur Young of Cleveland and third-ranked Ernst & Whinney of New York confirmed yesterday during a hastily called news conference in New York that they have agreed in principle to merge into a new firm called Ernst & Young, to be based in New York ...
	Ex-partners offer to buy part of Arthur Young Chicago Sun-Times ; Five former Arthur Young consulting partners, fired two weeks ago for planning to leave the accounting firm, announced Thursday they want to buy Young's consulting practice for $50 million in cash. The former partners also said they would be willing to discuss buying 80 percent of the consulting
	Ernst, Arthur Young voting on merger Chicago Sun-Times ; Ernst & Whinney partners in Chicago are voting today on their firm's proposed merger with Arthur Young & Co., a combination that would create the world's largest accounting firm. Partners in Washington, D.C., cast their votes Tuesday, and Dallas partners will vote tomorrow. Arthur Young partners
	Arthur Young partner to head merged firms here Chicago Sun-Times ; John C. Staley, the managing partner of the Chicago office of Arthur Young & Co., has been selected to lead the Chicago office formed by the merger of Arthur Young and Ernst & Whinney. In keeping with the new firm's policy of compromise and conciliation, the managing partner of Ernst & Whinney's
	MERGER TO MAKE LARGEST CPA FIRM The Boston Globe ; NEW YORK - Arthur Young and Co. and Ernst & Whinney will become the largest accounting company in the world as a result of a merger to be announced today. The consolidation of the fifth- and sixth-largest firms will create a global accounting enterprise with 500 offices similar in structure and
	ERNST & YOUNG NAMES NEW MANAGING PARTER The Boston Globe ; Thomas P. McDermott has been named managing partner of Ernst & Young's Boston office. Ernest & Young was formed by the merger between Arthur Young and Ernst & Whinney. In Boston, it employs more than 700. McDermott previously was managing partner of Arthur Young's Boston office for the past 10
	Vote makes it Ernst & Young Chicago Sun-Times ; It's official - the Big Eight is no more. U.S. partners of Ernst & Whinney and Arthur Young Thursday resoundingly approved a merger of their firms. The merger, which required a two-thirds vote in favor, received 99 percent of the votes cast. When the marriage of two of the accounting world's Big
	It's a sad day for E&Y's Scottish offices The Sunday Herald ; ARTHUR Young must be turning in his grave. Last week the firm that he co-founded in 1906 was reported to have downgraded its Scottish and Northern Irish operations. For many years E&Y's offices reported into the UK head office in London. Now we learn that Scotland is instead to become a sub-region
	Arthur Young sues 5 partners // Claims they planned to quit, take clients Chicago Sun-Times ; ... headquartered. Attempts to reach the five partners named in the suit were unsuccessful. However, Beedie and Bennis told Dow Jones News Service on Friday that they had been fired for "baseless and incorrect reasons." Schornack, who is based in Chicago, said the ...

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