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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. E&Y Auditors cheat on ethics exam - $100M fine

E&Y Auditors cheat on ethics exam - $100M fine

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #1

    OK, this is tragically funny.

    https://www.msn.com/en-us/news/us/ernst-young-fined-100m-after-auditors-cheat-on-ethics-exam/ar-AAYY1qk?ocid=msedgntp&cvid=42b61e66add94fd08830fa7bec489b8d

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      Idiots.

      Education is extremely important.

      1 Reply Last reply
      • CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #3

        Business school

        Maybe they should have tried A&S

        1 Reply Last reply
        • AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote on last edited by
          #4

          $100 Million is a drop in the bucket compared to E&Y's $40 Billion annual revenue. These fines need to be a percentage of a firm's revenue rather than an absolute number.

          1 Reply Last reply

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