Auditors Cheating on Ethics Exams – Who’s Surprised? – Re:Balance — Jim Peterson

Pious dissections of the SEC’s record-setting $ 100 million fine levied this summer against EY for widespread staff cheating on ethics and other exams, and the firm’s delays and mis-directions in its regulatory reporting, have missed three points:

  • They did it because they could, and had their reasons.
  • The reasons evaded the understanding and best intentions of leadership, so compliance efforts were bound to fall short.
  • Those reasons are based on pervasive human characteristics, shared by members of the accounting profession with the general population.

Source: Auditors Cheating on Ethics Exams – Who’s Surprised? – Re:Balance — Jim Peterson