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EY has been accused of misleading the Financial Reporting Council (FRC) over its audit of NMC Health, as the £2 billion negligence trial concerning the collapsed hospital operator nears its conclusion.
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The Financial Reporting Council (FRC) has identified "extremely serious" failings in EY auditing of NMC Health, a London High Court heard on Monday. These findings were disclosed during a trial where the collapsed hospital operator’s administrators are suing the Big Four firm for approximately
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Alvarez & Marsal, the joint administrator of the former private healthcare company NMC Health, has filed a High Court claim of at least $2.5 billion against the firm's former auditor, EY. Yesterday, Alvarez & Marsal revealed that as part of its "wide-ranging investigation into the situation"
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