The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SECs Enforcement Division during the Divisions investigation of the matter.

1.1 Evaluate the importance of business ethics to the success of an organisation. (25)

1.2 Analyse the extract above and critically discuss the impact of the ethical dilemma presented in the article on Ernst and Young. (25