<p>In June 2022, the SEC announced a $100 million fine to Ernst & Young (EY), one of the "Big 4" accounting firms in the United States, for unethical conduct regarding their employees and the CPA exam. In this episode, we dive deeper into the situation, how it occurred at EY, and what we at UHY can do to prevent something like this happening in the future.</p><p><strong>References</strong></p><ul><li><p><a href="https://www.npr.org/2022/06/28/1108044858/accounting-giant-ernst-young-admits-its-employees-cheated-on-ethics-exams">https://www.npr.org/2022/06/28/1108044858/accounting-giant-ernst-young-admits-its-employees-cheated-on-ethics-exams</a></p></li><li><p><a href="https://www.washingtonpost.com/business/2022/06/28/ernst-young-cheating-sec-fine/">https://www.washingtonpost.com/business/2022/06/28/ernst-young-cheating-sec-fine/</a></p></li><li><p><a href="https://www.nytimes.com/2022/06/28/business/ernst-young-sec-cheating.html">https://www.nytimes.com/2022/06/28/business/ernst-young-sec-cheating.html</a></p></li><li><p><a href="https://www.wsj.com/articles/ey-paying-100-million-to-settle-probe-of-auditors-cheating-on-ethics-exams-11656410401">https://www.wsj.com/articles/ey-paying-100-million-to-settle-probe-of-auditors-cheating-on-ethics-exams-11656410401</a></p></li><li><p><a href="https://www.sec.gov/news/press-release/2022-114">https://www.sec.gov/news/press-release/2022-114</a></p></li><li><p><a href="https://www.sec.gov/litigation/admin/2022/34-95167.pdf">https://www.sec.gov/litigation/admin/2022/34-95167.pdf</a></p></li></ul>
