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Qihoo 360 Technology Co. Ltd. Message Board

  • esuntexas esuntexas Dec 5, 2012 11:05 AM Flag

    Sinoforest part 2

    ERNST & Young agreed on Monday to pay C$117m ($117.6m) to settle shareholder claims regarding its audits of Sino-Forest, the tree-plantation company that filed for bankruptcy protection this year.

    The settlement was announced on the same day that Canada’s Ontario Securities Commission said Ernst & Young’s audits of Hong Kong-and Mississauga, Ontario-based Sino-Forest were not in accordance with accounting industry standards.

    Sentiment: Sell