By Nigel Somerville | Wednesday 1 July 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
EY - better known as Ernst & Young - is auditor to a few outfits covered here on ShareProphets. It ha had a bit of a run - think Wirecard, NMC Health, Finablr and so on. Some people might view the audit profession as the enabler of fraud, but surely these guys are only human and in that vein I offer up some questions in an open letter with regard to Airbus (EPA: AIR) 'cos I'm just a nice guy. Naturally, there will be hghly satisfactory answers to the questions raised and there is nothing wrong at all, but let's ask them anyway.
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