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Ernst & Young Charged Again by SEC

IN BRIEF / ACCOUNTING

November 14, 2002|From Bloomberg News

The Securities and Exchange Commission refiled charges that Ernst & Young violated auditor-independence rules, after the first case was dismissed because only one commissioner voted.

The SEC is charging the accounting firm with compromising the independence of its audits of PeopleSoft Inc. by entering a business venture with the Pleasonton, Calif.-based software company. Ernst plans to contest the charges.

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