The Numbers Don’t Lie – But the Auditors Did

The U.S. government fined Ernst & Young $100 million after discovering that, over the course of several years, some auditors cheated on exams and the firm knew about it. Ernst & Young even submitted a document to the Securities and Exchange Commission claiming not to have “current issues with cheating when, in fact, the firm had been informed of potential cheating on a CPA ethics exam.”

Business Takeaway: Anything more “meta” than cheating to pass an ethics exam?