EY to pay $100 million to settle U.S. 

Big Four accounting firm Ernst

 Young will pay $100 million to settle U.S.

 Securities and Exchange Commission (SEC) 

charges that its auditors cheated

 on certified public accounting (CPA) 

exams and that it misled the agency’s investigators.

The London-based auditor admitted to the charges, 

the regulator said, and agreed to pay 

what the SEC said is its largest fine against an auditor.

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