The French audit gendarme could severely sanction the Deloitte and EY firms for having certified the 2014 and 2015 accounts of Alcatel-Lucent.
The general rapporteur of the restricted formation (that is to say the sanctions body) of the High Council of the Statutory Auditors (H3C) accuses them of having committed
by certifying without reservation. the 2014 and 2015 accounts of Alcatel-Lucent.
According to him, the work of the auditors was not
to attest to the reliability of the turnover of the American subsidiary, which represented 40% of the sales of the Franco-American telecoms equipment manufacturer, sold in 2015 to Nokia.
To read also
Alcatel, more than a century of existence and many adventures
At the end of four days of hearing, the rapporteur requested on Friday a ban on practicing in France for 24 months for Deloitte, main auditor of Alcatel-Lucent and 18 months for EY, co-auditor.
Both sentences would, however, be accompanied by a suspended sentence.
In addition, the rapporteur called for penalties of prohibition
This article is for subscribers only.
You have 50% left to discover.
To cultivate your freedom is to cultivate your curiosity.
Continue reading your article for € 1 the first month
I ENJOY IT