After a long trial at the High Court, EY has been defending a £2bn claim for audit negligence related to work on audits for NMC Health signed off by a number of senior EY audit engagement partners based in the UK, although the day to day work was conducted by EY Middle East (EYME), specifically the Abu Dhabi branch of Ernst & Young Bahrain, and part of the firm’s global network.

The administrators of NMC Health, Alvarez & Marsal, sued EY UK in the High Court to audit negligence asking for £2bn in damages. After a lengthy trial, which started in the summer, EY has submitted closing arguments, strenuously denying liability.

In the closing arguments at the High Court, EY’s team of barristers appointed by RPC, stressed that ‘NMC’s business failed as a direct result of the fraudulent conduct that ran to the very heart of the organisation’.

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