U.S. employees at accounting firm Ernst & Young Global had their payroll deposits mistakenly reversed last week due to a vendor error, BNN Bloomberg has confirmed.
The government has called for a review of the British auditing industry after a series of scandals including the collapses of Carillion and BHS revealed serious failures in the auditing process. , Photo by Jack Taylor/Getty Images
EY has vowed to promptly restore payments to its U.S. workers and cover any charges associated with the payment reversal, the company told BNN Bloomberg in a statement. Payrolls for U.S. employees were originally deposited on July 15, but according to Allyce Hackmann, ADP’s vice-president of public relations, the vendor “experienced an error” which caused the payrolls to mistakenly reverse.
ADP provided no further detail about the source of the error, nor the exact number of employees impacted. EY declined to specify the financial impact of covering late fees and other penalties incurred by employees.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman traders rescue results from investment-banking slump - BNN BloombergGoldman Sachs Group’s traders countered the industry’s underwriting slump with revenue gains that raced past analysts’ estimates.
Read more »
Rogers CEO goes on apology tour with 13 days to close Shaw deal - BNN BloombergThere are less than two weeks until the biggest cable merger in Canadian history -- the tie-up between Rogers and Shaw -- is supposed to be nailed down.
Read more »
Economists predict inflation climbed even higher in June - BNN BloombergEconomists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.
Read more »
Morgan Stanley sees stock losses even if there’s no recession - BNN BloombergOne of Wall Street’s biggest bears says US stocks are likely to face more declines even if the economy manages to avoid a recession.
Read more »
Oil advances back toward US$100 with markets in risk-on mode - BNN BloombergOil rose back near US$100 a barrel, aided by a weaker dollar that put commodities broadly on a firmer footing.
Read more »
Suncor adding directors, mulls sale of gas station business - BNN BloombergSuncor announced a truce with an activist investor that will see the Canadian oil sands giant expand its board of directors and possibly sell its retail business.
Read more »