Ernst & Young pays $100m to settle US charges of cheating by audit staff
SEC alleged EY employees cheated on exams required to obtain and maintain CPA licenses and misled investigators
Ernst & Young, one of the world’s largest accounting firms, agreed to pay a record $100m to US regulators on Tuesday amid charges that dozens of its audit staff cheated on an ethics exam and misled investigators.
The Securities and Exchange Commission (SEC) charged that “over multiple years” EY’s audit professionals cheated on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and withheld evidence of this misconduct from the SEC’s enforcement division during an investigation of the matter.Continue reading...
May be interesting
- 28.06.2022 Cassidy Hutchinson: who is the ex-aide testifying in the January 6 hearings?
- 28.06.2022 Texas migrant deaths ‘a horrific human tragedy’, says San Antonio mayor
- 28.06.2022 Fifty migrants found dead inside abandoned Texas trailer truck
- 28.06.2022 Ernst & Young pays $100m to settle US charges of cheating by audit staff
- 28.06.2022 LIV Golf Series: DeChambeau wants people to see ‘good’ Saudis are doing