So how about that settlement? How do you think it will affect the workforce, compensation, etc?

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No bonus for you

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Yeah - ouch. The rationale for the cuts is getting clearer

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They reached a settlement today, terms sealed, ft is reporting 2.1 Billion insurance to cover 1/2

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Those are some big numbers, I am surprised more FB folks aren't discussing.

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If this went to court, the decision could've impact on all of the big 4 with lawsuits like that outstanding

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Wow. Any restrictions on clients? Does this affect Advisory?

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If the client wants to hide it they will there is only so much a bunch of staff / seniors can do on an audit,

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So guess ya'll are staying in business, not sure that is good for the industry, even as an alumni

Op, what's the latest on that? You all are settling or gonna fight it out in court?

Jeez. Moi better get staffed soon.

EY1 if your not doing your jobs you deserve to lose in court and get shut down.

A1 it's clearly not about doing our jobs, it's about extent of the assurance an audit can provide. We can't be responsible for everything that goes on in the auditee, after all we are also for profit companies

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