Ernst & Young paying $4M to settle SEC charges

Published July 14, 2014 8:48pm ET



WASHINGTON (AP) — Ernst & Young has agreed to pay $4 million to settle civil charges of compromising its independence by lobbying Congress on behalf of two companies whose books it audited.

The Securities and Exchange Commission announced the settlement Monday with New York-based company, one of the so-called Big Four accounting firms with Deloitte, KPMG and PricewaterhouseCoopers.

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