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The SEC explained the agency has agreed to retain two individual impartial consultants as A part of its arrangement. The consultants will recommend on Ernst & Young’s ethics guidelines as well as its past failures to disclose cases of dishonest.

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The $a hundred million fine is the largest at any time levied against an audit firm, in accordance with the US Securities and Trade Commission. Besides spending the penalty, Ernst & Young agreed to “undertake substantial remedial actions” to deal with ethics concerns Sooner or later.

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