EY offices in Baltimore, MD. Photo: Diego M. Radzinschi/ALM Ernst & Young's US GC Steps Aside Amid Scrutiny of Firm's Handling of Cheating Scandal
A $100 million settlement with the SEC last year required E&Y to hire a consultant to examine how legal, compliance, top brass and other employees might have contributed to disclosure lapses stemming from CPAs' cheating on licensing exams.
July 25, 2023 at 05:40 PM
4 minute read
General Counsel and In House Counsel
Ann Cook, the U.S. general counsel of Ernst & Young, is stepping down in the wake of the firm's being accused of mishandling an employee-cheating scandal and paying $100 million to settle a Securities and Exchange Commission's inquiry into the matter.
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