Ventas dimisses auditor over inappropriate personal relationship


Ernst & Young decided it was not independent solely due to an inappropriate personal relationship between an E&Y partner and Ventas' (VTR) now-former chief accounting officer and controller.

As a result, E&Y  is forced to withdraw its 2012 and 2013 full-year audits of Ventas financial statements. The withdrawal is solely over the personal relationship. and not for any questioning over the statements, Ventas' accounting practices, or the integrity of its controls.

KPMG has been hired as Ventas' new audit firm and is reviewing the relevant periods. Ventas believes all historical results are materially accurate.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs