Big Four
EY to pay $100m fine over US ethics exam cheating
The SEC announced that EY would pay the largest ever penalty for an audit firm. In addition to violating accounting rules.
‘Big Four’ accounting firm Ernst and Young’s (EY) US arm has agreed to pay a record $100m (£81.8m) fine to US regulators amid charges that dozens of its audit staff cheated on an ethics exam and misled investigators, the Securities and Exchange Commission (SEC) has revealed.
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