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Lehman administrators consider damning report

PwC, the administrators of Lehman Brothers European arm, considers report criticising Lehman accounting and the bank's auditors Ernst & Young.

Report claims E&Y knew about Repo transactions

E&Y said it did not set up or approve repo arrangement

PwC's Newberry appointed MCA president

Pat Newberry in as president of the Management Consultancies Association

PwC suffers Satyam setback

Regulator rejects auditor's offer

Lehman assets funnelled through UK-based arm

Bankruptcy report finds Lehman Brothers used UK-based arm to help US business undertake controversial transactions

Lehman CFOs were warned of "reputational risk" of transactions

Financial controller warned Lehman CFOs that transactions to improve its balance sheet had "no substance", report alleges

E&Y "negligent" in Lehman audits, report claims

E&Y says Lehman's financial statements were "fairly presented"
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Hairy times for Guilfoyle
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