Ernst & Young Auditors Got "Too Close To Clients On A Personal Level," If Ya Know What The SEC Means WINK WINK

It means doing the hibbidy-dibbidy (and attending football games).
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No good? (Getty Images)

No good? (Getty Images)

Being an accountant is a soulless, lonely enterprise in which only numbers love you back, so you'll have to excuse Greg Bednar if he accepted some invites to attend some sporting events with a client and said client's family and perhaps during the course of those games started mentally inserting himself into their Christmas card.

Please also excuse Pamela Hartford if maybe, in the course of auditing a client's company, she also audited his pants.

Ernst & Young agreed to pay $9.3 million to settle claims by the U.S. Securities and Exchange Commission that two former partners in the audit division had personal relationships with clients, violating rules to keep those Ernst & Young employees objective and impartial. One of the partners, Pamela Hartford, maintained a romantic relationship with Robert Brehl, the ex-chief accountant of Ventas Inc., when the company was being audited, according to the order from the regulator Monday. In a separate case, Greg Bednar, another former partner, became too close to another client, traveling with that company’s chief financial officer and family to sporting events including professional football games, hockey matches and the Masters golf tournament, the SEC said.

Ernst & Young settles charges that two auditors got 'too close' to clients: SEC [Reuters]
Ernst & Young Pays $9 Million for Inappropriate Client Relations [Bloomberg]

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