[knight17]

If anyone is interested to read more on this, read the enforcement action reports from the relevant national regulators: Canadian Public Accountability Board [0] and the US Public Company Accounting Oversight Board (PCAOB) [1]

These were internal training that could be used to satisfy professional accounting designation's annual Continuing Professional Education (CPE) requirements to renew your profesional membership (so you could continue using your chartered accountancy / CPA letters after your name).

"The Firm has designed its training program to serve multiple purposes, including to provide Firm personnel with technical instruction, to further their professional development, and to satisfy some of the continuing professional education requirements imposed by the accountancy boards that grant CPA certifications to the Firm’s auditors."

It was not just the juniors. Even partners are involved:

"Improper sharing of training test answers occurred among junior staff, managers, directors, and partners at the Firm."

I am surprised that this was self-reported, and I applaud them for that.

[0]: https://cpab-ccrc.ca/docs/default-source/enforcement/2022-en...

[1]: https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-so...

[FireBeyond]

I strongly suspect that it was only self-reported because someone who used to work for the firm was now at the regulatory body and gave an old buddy a heads-up.