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PCAOB Accuses E&Y Auditors of Doctoring Audit File

Tammy Whitehouse | December 13, 2010

Audit regulators have censured an Ernst & Young auditor for tampering with work papers when a completed audit came up for inspection.

The Public Company Accounting Oversight Board disciplined Jacqueline Higgins, a manager in E&Y's Boston office, alleging repeated violations of documentation standards and requirements to cooperate with the board's inspection process. The disciplinary action published by the PCAOB says Higgins removed, added, and backdated work papers related to an audit of 2009 financial statements for an unnamed company that E&Y had audited since 2002. 

The PCAOB order says Higgins was supervised by an unnamed engagement partner and an unnamed senior manager at E&Y during the course of the audit, but was removed from the engagement in July 2010 and stopped participating in issuer audit engagements. E&Y spokesman Charles Perkins said all...

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