For years, Ernst & Young auditors have been cheating on an ethics test required for them to retain their Certified Public Accountant status. The U.S. Securities and Exchange Commission has levied a record $100 million fine, both for the cheating and the Big Four accounting firm’s failure to assist in the SEC’s investigation. Now that it has all gone public, what can E&Y do to rebuild trust among its clients and the public? Neville and Shel share what reputation experts have to say along with their own recommendations.
The next monthly, long-form episode of FIR will drop on Monday, July 18. FIR “shorts” — episodes under 15 minutes — will appear once or twice each week.
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Special thanks to Jay Moonah for the opening and closing music.
You can find the stories from which Shel’s FIR content is selected at Shel’s Link Blog. Neville’s “asides” blog, Outbox, is available, as well.
Links from this episode:
- Ernst & Young hit with $100 million fine over cheating on ethics tests
- Accounting giant Ernst & Young admits its employees cheated on ethics exams
- PR pros on how Ernst & Young can rebound after cheating scandal results in $100m SEC fine
The post FIR #267: Rebuilding Trust After An Ethics Scandal appeared first on FIR Podcast Network.
