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EY fined record $100 million for staff cheating on accountant exams in US
short by Hiral Goyal / on Tuesday, 28 June, 2022
Big Four accounting firm Ernst & Young (EY) has been fined a record $100 million by US Securities and Exchange Commission after some of its auditors cheated on required ethics exams. Further, EY failed to report the issue during the investigation of potential cheating at the firm. This is the largest-ever penalty imposed by the SEC against an audit firm.
read more at Reuters