Ex-Ernst & Young Manager Gets Record Auditing Ban

Law360, New York (August 2, 2011, 2:03 PM EDT) -- The U.S. watchdog that oversees auditors on Monday barred a former Ernst & Young LLP partner, who allegedly falsified working papers, from auditing public companies for three years in the longest-ever ban handed down to a partner in a Big Four accounting firm.

The Public Company Accounting Oversight Board barred ex-Ernst & Young partner Peter C. O'Toole, 43, who worked in the firm's Boston office, for at least three years, after which time he can ask the board to lift the ban. He must also pay...
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