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The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. 1. Analyse the extract above and critically discuss the impact of the ethical dilemma presented in the article on Ernst and Young.

The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. 1. Analyse the extract above and critically discuss the impact of the ethical dilemma presented in the article on Ernst and Young.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating 
by its audit professionals on exams required to obtain and maintain Certified Public Accountant 
(CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement 
Division during the Division’s investigation of the matter.

1. Analyse the extract above and critically discuss the impact of the ethical dilemma
presented in the article on Ernst and Young.

 

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