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Ernst & Young hit with $100M fine after employees cheated on CPA exams

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The U.S. Securities and Exchange Commission conducted an investigation that found employees of accounting firm Ernst & Young cheated on exams.

The company has been fined a record $100 million.

The SEC investigation claims Ernst & Young knew some of its auditors were cheating on the ethics portion of the certified public accountant test and other courses but did nothing to stop it.

Read more from CNN Business.

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