US: ERNST & YOUNG $100 MILLION PENALTY FOR EMPLOYEES CHEATING ON CPA ETHICS EXAMS AND MISLEADING INVESTIGATION 

On 28 June, a release on Mondo Visione advised that the SEC had charged Ernst & Young LLP for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licences, and for withholding evidence of this misconduct from the SEC Enforcement Division during the investigation of the matter.  EY admits the facts underlying the SEC’s charges and agreed to pay a $100 million penalty and undertake extensive remedial measures to fix the firm’s ethical issues.

https://mondovisione.com/media-and-resources/news/ernst-and-young-to-pay-100-million-penalty-for-employees-cheating-on-cpa-ethics-e/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: