Six current and former partners at Ernst & Young were charged, along with the firm, by the SEC late yesterday in relation to the audits the firm performed of Bally Total Fitness' financial statements from 2001 to 2003. Bally settled accounting fraud charges with the SEC in 2008 that were related to its financial statements from 1997 to 2003. Because everyone and their dog was freaking out over Enron in screws to their clients to follow GAAP, E&Y had identified Bally as "one of E&Y's riskiest 18 accounts and as the riskiest account in the Lake Michigan Area." Floyd Norris: The firm forced Bally to stop recording revenue in an improper manner that allowed it to claim earnings earlier than was allowed by accounting rules. But in doing that, the firm allowed Bally to not admit to having violated the rules in the past, an action that would have forced it to restate its accounts and admit that losses in previous years had been much larger. Mr.