Ernst & Young-Auditors Cheat to Pass Ethics Exam

Case Code: FINC205 Case Length: 10 Pages Period: 2020-22 Pub Date: 2023 Teaching Note: Available

Price: Rs.300 Organization: Ernst & Young Industry: Financial Services Countries: United States Themes: Corporate Ethics, Ethics in Business, Ethical Decision Making

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The Us$ 100 Million Penalty

In June 2022, US securities regulator the Securities and Exchange Commission (SEC) levied a fine of US$ 100 million on the US arm of Ernst & Young (E&Y), one of the largest auditing firms in the world. This was the largest penalty that the SEC had ever imposed on an audit firm..

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