Texas State Board of Public Accountancy Assesses $3M Penalty Against Ernst & Young LLP
The Texas State Board of Public Accountancy (TSBPA) licenses and regulates certified public accountants (CPAs). Therefore, TSBPA also investigates and prosecutes CPAs and CPA firms for alleged violations of the Public Accountancy Act or TSBPA rules. The TSBPA recently made headlines when it announced the imposition of a $3 million administrative penalty against Ernst & Young LLP, the largest penalty the TSBPA has assessed against a CPA firm in history. The sanctions that CPAs may...
Details »