The London-centered auditor admitted to the charges and agreed to pay for what the SEC mentioned is its premier high-quality in opposition to an auditor.
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Grewal, Director on the SEC’s Enforcement Division. “And it’s equally shocking that Ernst & Young hindered our investigation of the misconduct. This action should really serve as a transparent concept that the SEC will never tolerate integrity failures by impartial read review auditors who pick the a lot easier Mistaken over the tougher ideal.â€
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“Ernst & Youthful faces major sanctions and in depth remediation to make certain that its lifestyle and conduct meet up with the moral specifications needed of Those people chargeable for the integrity of our cash markets.â€
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