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Accounting giant accused in £2.7bn 'negligence' claim
Daily Express
|October 15, 2025
BIG Four accounting firm EY UK has been accused of being "grossly negligent", failing in its audit duties over seven years, allowing a massive fraud to continue and ultimately causing a health giant's financial collapse.
BATTLE: Former client accuses EY
A £2.7billion High Court legal battle between EY and former client, London-listed NMC, which collapsed after allegations of fraud, began its closing arguments this week.
NMC Health's administrators claim EY issued seven consecutive, fundamentally flawed and "unqualified" audit opinions from 2012 to 2018.
They say despite "basic and shocking" multiple failures, EY fell "very far below the standards expected of a reasonably competent auditor".
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