Government-Sponsored Enterprise Alleges Audit Flaws

North America - United States | North America

A public government-sponsored enterprise brought litigation against a Big Four accounting and consulting firm. The enterprise alleged over $1 billion in damages resulting from the firm’s flawed audit of the largest independent mortgage lender in the United States, which declared bankruptcy in 2009. The litigation settled on the eve of trial. Tiffany Riffer represented the enterprise in the matter.

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