Tag Archives: Ernst & Young

Anglo’s auditors.

A secretive waste firm fined €1.3m for overcharging Iarnrod Eireann.

And Dublin City Councillors.

What could possibly go wrong?

For some unknown reason, the former Anglo auditors were employed by the council to choose a new waste firm for its juicy waste contract. For some even less obvious reason E&Y were given an outrageous €250,000 for coming up with the name of Greyhound.

It is far from clear why the council could not pick the waste operators themselves. They have a waste department, presumably with a more specialist knowledge than Ernst & Young. Instead, they lashed out €250,000 of taxpayer’s money to Ernst & Young, the villains of the Anglo fiasco.

What more, in the name of God, does a company have to do to find itself struck off the State’s list of favourites?

If Ernst & Young cannot be blacklisted for their Anglo howler, they should surely have been given the cold shoulder for State or local government work for several years? If they had waved the red flag on Anglo we might never have been left in our financial pickle. They didn’t. Every year for eight years they missed their chance to rumble Anglo.

So the council’s award of a contract to Ernst & Young, and then to Greyhound, demands public explanation. The big question is: how much did Ernst & Young or Dublin City Council know about Greyhound?

Not much. Or so it seems.

 

Stench As Rubbish Firm Wins (Shane Ross, Sunday Independent)

Earlier: Oh, Wheely

Thanks Sido

Richard Barrett (above) of Treasury Holdings has been named Industry Entrepreneur of the Year. Established in 1989 The Treasury Holdings Group is one of Ireland’s largest and most successful property companies.

Ernst & Young Entrepreneur Of The Year 2006

Nama has set a 4pm deadline today for Treasury to repay its near €900 million loans to the state agency.It is understood that accounting firm Ernst & Young has been lined up by Nama to take charge of the assets involved if no arrangement has been reached with Treasury by the deadline.

Nama lines Up receiver to Control Assets of Treasury (Irish Times)

Thanks Captain Awesome