The exact same thing (auditors cheating on ethics exams) happened at KPMG a few years ago [1]. In KPMG's case, I recall that the ethics exams had been mandated

The exact same thing (auditors cheating on ethics exams) happened at KPMG a few years ago [1]. In KPMG's case, I recall that the ethics exams had been mandated by a regulator after ethics violations had been found at the firm. The most concerning thing about this is that public auditing firms are supposed to be the entities keeping everyone else honest. The whole financial system is based on a chain of trust that starts and ends with auditors. If you can't trust the external auditors, then you can't fully trust anything. This is the world we live in. [1] https://www.marketwatch.com/story/the-kpmg-cheating-scandal-was-much-more-widespread-than-originally-thought-2019-06-18 https://www.marketwatch.com/story/the-kpmg-cheating-scandal-...