Accounting and Auditing

The auditing failures all related to listing procedures in Hong Kong almost two decades ago. Photo: Xiaomei Chen

EY fined for auditing failures in Hong Kong 20 years ago

Accounting giant EY and two partners have been fined a combined HK$700,000 (US$89,171) and legal costs of HK$1.5 million in Hong Kong for audit failures during the listing of three companies two decades ago.