12:10
26.01.2016
SPF reveals infringements in operation of Ernst&Young
The examining board of the State Property Fund of Ukraine (SPF) on December 17, 2105 revealed violation of Ukrainian law by Ernst & Young during drawing up reports on property appraisal.
The fund said that the fund will have to annul the company's certificate if violation of Ukrainian law were revealed later.
The fund informed the company on this in a letter dated January 12, 2016.
Additionally, the examining board established similar violation of Ukrainian law in the operation of HTsNTP-PLUS LLC (Lutsk).
Ernst & Young is one of the largest audit and consulting companies in the world.
Ernst & Young along with PricewaterhouseCoopers (PWC), Deloitte and KPMG are Big Four auditors.
HTsNTP-PLUS LLC was registered in 2003.
