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Re-Audit Clean After EY Firing Over Relationship

Tammy Whitehouse | September 8, 2014

A re-audit at Ventas Inc., the company that fired EY when it learned of an “inappropriate personal relationship” between its chief accounting officer and an audit partner, led to no new adjustments.

Cafaro-debra-0914Ventas hired KPMG to re-audit financial statements for fiscal years 2012 and 2013 and when it learned of the relationship in mid-2014. KPMG’s re-audit did not result in any adjustments or changes to the company’s consolidated financial statements or footnotes for those fiscal years, or the related financial statement schedule, the company reported. KPMG also attested to the effectiveness of internal controls, the company says. “We are...

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