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Exclusive Ernst and Young should go ahead and pony up for its own suite of transparency services. The accounting firm has failed to disclose a high profile loss of customer data after being confronted by The Register. Ernst and Young has lost a laptop containing data such as the social security numbers of its customers. One of the people affected by the data loss appears to be Sun Microsystems CEO Scott McNealy, who was notified that his social security number and personal information have been compromised. While pushing all out transparency for its customers, Ernst and Young failed to...

NEW YORK -- The parting of ways last week between Calpine Corp. (NYSE:CPN - News) and its former independent auditor, Deloitte & Touche LLP, was a mutual decision and wasn't based on any unresolved disagreements, Calpine said Friday. The San Jose, Calif. power company and the accounting firm had previously wrangled over the accounting treatment of power sales agreements associated with power plants for which Calpine had used sale-leaseback transactions. Such transactions are central to Calpine's business model. Calpine agreed in early March to reclassify two sale-leasebacks as financial transactions instead of operating leases. In a Form 8-K filing to...