The SEC has socked Ernst & Young  with a civil money penalty of $100 million for cheating by hundreds of audit staffers on CPE courses, including sections about ethics. This was the second major episode of exam cheating in the last 10 years with the other round costing EY $50 million.

The Internal Revenue Service must take steps to cut the amount of paper documents it must handle. That summarizes a recommendation of the Electronic Tax Administration Advisory Committee in its annual report to Congress.

 The American Institute of CPAs is asking for feedback on the Exposure Draft of the new design of the Uniform CPA Examination. Comments are being sought through September 30, the AICPA said this week.