EY to pay $100 mln to settle U.S. charges of staff cheating on accountant exams
Written by Black Hot Fire Network on June 28, 2022
WASHINGTON, June 28 (Reuters) - Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's investigators.
The London-based auditor admitted to the charges, the regulator said, and agreed to pay what the SEC said is its largest fine against an auditor . . .
