It’s time to act on the Biden administration's promise to crackdown on white-collar crime, The Inquirer Editorial Board writes. 'Wrist slaps...undermine trust in institutions and send a message that there are different rules for the rich and entitled.'
a $100 million fine after federal regulators found scores of its auditors cheated on — of all things — ethics exams required to obtain and maintain professional licenses. Ernst & Young compounded the cheating scandal by misleading investigators, withholding evidence, and violating public accounting rules that form the foundation of the auditing profession.
More disturbing, this was not a one-off event. Ernst & Young’s cheating involved hundreds of employees between 2017 and 2021. Regulators said similar cheating on ethics exams also occurred in 2012 and 2015. The company has been ensnared in other scandals in recent years, including the
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