The penalty is 2 times the sum that KPMG, A different big auditing firm, paid out in 2019 to take care of an investigation into very similar allegations of cheating by auditors on inner teaching exams.
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In accordance with the S.E.C., forty nine auditors at EY received the “remedy critical” to an ethics exam that is part with the First technique of turning into a Licensed community accountant. Separately, countless other personnel at the auditing organization cheated on ethics exams that they are required to take as component of constant education schemes, according to the commission.
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