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Benzinga
Benzinga
Politics
Phil Hall

SEC Fines Ernst & Young $100M Over Auditors Who Cheated On Their CPA Exams

SEC EY

The accounting giant Ernst & Young LLP (EY) was fined $100 million Tuesday by the U.S. Securities and Exchange Commission (SEC) to settle charges that its audit professionals cheated on the exams required to obtain and maintain Certified Public Accountant (CPA) licenses.

EY was also charged with withholding evidence of this misconduct from the SEC’s Enforcement Division during the investigation into the matter.

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