Ernst & Young admits its employees cheated on ethics exams
and they are in big trouble

This is Largest
Penalty ever imposed by SEC on audit frim and they have to pay huge amount of money

 Many Employees say Cheating was a violation of the company's code and all the employees are against this

Ernst And Young has to pay a $100 million fine and also has to audit itself and report the findings to SEC

This is one of the huge shakeups in the accounting world which wound award its partners up to $8 million in each share