{"id":1974297,"date":"2023-07-16T07:45:02","date_gmt":"2023-07-16T11:45:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-to-retain-ey-as-auditor-after-credit-suisse-takeover-ft\/"},"modified":"2023-07-16T07:47:18","modified_gmt":"2023-07-16T11:47:18","slug":"ubs-to-retain-ey-as-auditor-after-credit-suisse-takeover-ft","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-to-retain-ey-as-auditor-after-credit-suisse-takeover-ft\/","title":{"rendered":"UBS keeps EY as auditor post Credit Suisse deal &#8211; FT"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fubs-to-retain-ey-as-auditor-after-credit-suisse-takeover-ft%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1974297&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\u200c \t\t\t\t\t\t\t<\/p>\n<p>(Reuters) -UBS \ud834\udd7aGroup has decided \u2063to retain EY as its external\ud834\udd7a auditor, \u2063enlarging its role to include \u2064Credit Suisse\u2019s \u200daccounts\u200b from 2024,\u200d the \u2063Financial Times \ud834\udd7areported \u200bon Sunday, citing \u2064people\u200d with\u200b knowledge of\u200c the decision. \u2063<\/p>\n<p>\u2064 <\/p>\n<p>The\ud834\udd7a size of the contract will\u200c require \ud834\udd7athe\u200d Big Four accounting\u2063 firm\u200c to\u200b call\u2062 in staff from \u2062other countries to\u200b work \u200con the\u200b audit, \u200dtwo people told the \u200cFT.<\/p>\n<div\u200b id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  \u2064text-align:\u200c center;\">\u2062 \u200c \t<script> \u200b\u2063 \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>\u2064 \u200c <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p>\u2062  <\/p>\n<p>PricewaterhouseCoopers\u2063 (PwC), which \ud834\udd7ahas been Credit \u2062Suisse\u2019s \ud834\udd7aauditor since \u20642020, will\ud834\udd7a audit the\u200c acquired bank\u2019s accounts \u2062for \u20622023, according \u2064to the\u200c newspaper.<\/p>\n<p>UBS agreed to buy \u2063Credit Suisse for \u20633 billion\u2063 Swiss \u200cfrancs  ($3.48 billion) in \u2063March\u2064 after <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-to-retain-ey-as-auditor-after-credit-suisse-takeover-ft\/\" title=\"UBS keeps EY as auditor post Credit Suisse deal - FT\">panicked customers withdrew cash<\/a>\u2062 from their accounts at the stricken\u2064 lender.<\/p>\n<p>PwC in Credit Suisse\u2019s 2022 annual report\u2064 had\u2062 included \u200can \u201cadverse opinion\u201d on \u200cthe effectiveness of\ud834\udd7a the bank\u2019s internal controls over\u2063 its reporting \u2064but said \u2062its \u200cstatements\u2062 \u201cpresent \u200bfairly, in all \u200cmaterial respects\u201d the\u2064 financial position\u2064 of the \u2062bank from \u200c2020 \u2064through 2022.<\/p>\n<p>UBS\ud834\udd7a and EY did \u200dnot immediately respond to\ud834\udd7a requests\u2062 for comment on\u2063 the FT report while PwC \u2063said it\u2064 would not\ud834\udd7a be making \u2064any comment on the story.<\/p>\n<p> \u2062<\/p>\n<p>($1 = 0.8617 Swiss francs)<\/p>\n<p>\u200d (Reporting\u2062 by\u2062 Juby Babu in Bengaluru; Editing by\u2062 Jamie Freed)<\/p>\n<p><a \u2063href=\"https:\/\/www.oann.com\/uncategorized\/ubs-to-retain-ey\/attachment\/file-photo-the-logo-of-swiss-bank-ubs\/\"><\/a><\/p>\n<p> \u200d \t\t\t \t\t\t\t\t<\/p><\/div>\n<div\u200d class=\"entry-content\">\u200c \u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Chad Prather, Baste Records Artist,\u2063 discusses how the \u206265,000 actors represented\u2064 by\u200b SAG-AFTRA have joined \u2064thousands\u200d of writers to STRIKE!<\/p>\n<\/p><\/div>\n<div\ud834\udd7a class=\"entry-content\">\n<p>Amala \ud834\udd7aEkpunobi, PragerU Personality,\u2063 discusses the\u2063 controversial message\u2064 and complicated \u200dfinancials of \u201cBlack \u200cLives Matter.\u201d<\/p>\n<p> \u2062\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div \ud834\udd7aclass=\"entry-content\"> \u200d \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Matt Capelouto,\u2064 President of\u2062 DrugInducedHomicide.org, discusses\u2063 how his \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-inquiry-will-keep-files-secret-for-50-years\/\" title=\"Credit Suisse inquiry to keep files confidential for 50 years.\">personal\u200b tragedy led<\/a> to \u200chis quest to fight for a\u2062 safer future for young Americans.<\/p>\n<\/p><\/div>\n<div \u2062class=\"entry-content\">\n<p>Matt\u2064 Capelouto, President of DrugInducedHomicide.org, \u2063discusses how \u2062his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hellywood-on-hold\/\" title=\"Hollywood's Pause!\">personal tragedy led<\/a> \u2064to \ud834\udd7ahis \u2064quest\u2064 to fight \u2064for a \ud834\udd7asafer future \u2064for young\u2064 Americans.<\/p>\n<p> \u200b\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">  \u2063\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>BEIJING (Reuters) \u2013 \u2062Chinese President Xi\ud834\udd7a Jinping said China must build \u200da \u201csolid\u201d security \u2063barrier around\u200b its internet under the\u200c supervision \u200bof\u2026 <\/p>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\u2064 \u200d \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>By Anna Tong (Reuters) \u200c-Roblox \ud834\udd7aChief Business\u200d Officer Craig Donato \u200cis\u200c leaving gaming and metaverse\ud834\udd7a company Roblox, the\u200b company told Reuters \u200don\u2026\u200c <\/p>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\n<p>KUALA \u200cLUMPUR (Reuters) \u2013 Malaysian mobile operator \u200cMaxis Bhd said it will sign \u200dan agreement \u2062to access\u2062 the country\u2019s state-run 5G\ud834\udd7a network,\u2026 <\/p>\n<p> \u200b\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div \u2064class=\"entry-content\"> \u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>WASHINGTON (Reuters) \u2013 \ud834\udd7aA U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-spacey-misread-the-signs-but-did-not-assault-man-actor-tells-london-court\/\" title=\"Kevin Spacey misunderstood signals but did not assault man, actor claims in London court.\">federal court rejected<\/a> \u2063the Federal Trade Commission\u2019s \u200drequest that it order Microsoft \u2064to temporarily hold off on\u2026 \u200c<\/p>\n<p> \u200d\t\t\t\t\t\t\t\t\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UBS Group will keep EY as its external auditor, expanding its responsibilities to include Credit Suisse&#8217;s accounts starting in 2024. The contract&#8217;s magnitude will necessitate the Big Four accounting firm to bring in personnel from abroad, according to sources familiar with the matter cited by the Financial Times.<\/p>\n","protected":false},"author":66,"featured_media":1974298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1974297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1974297"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1974298"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1974297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1974297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1974297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}