Record Ernst & Young fine in US for cheating on ethics exams
New York (AFP) - US authorities fined Ernst & Young a record $100 million over cheating on accounting ethics exams that the firm initially covered up from regulators, officials announced Tuesday. From 2017 to 2021, 49 audit professionals with the "Big Four" firm sent or received answer keys to Certified Public Accountant (CPA) ethics exams, according to a Securities and Exchange Commission order. Hundreds of other Ernst & Young professionals cheated on other exams, while a "significant" number of staff did not cheat themselves but failed to report the misconduct, said the SEC order, part of th...