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Ernst & Young

Ernst & Young

Ernst & Young, or EY, is an international organization providing assurance, tax, transaction, and advisory services.

Ernst & Young, or EY, is an international organization providing assurance, tax, transaction, and advisory services. Ernest & Young is a global organization that encompasses one or more of the member firms of Ernst & Young Global Limited. The company provides assurance, tax, transaction, and advisory services.

History

Ernst & Young is an accounting firm that dates back to the early twentieth century. Arthur Young, a Scotsman, and Alwin Ernst, an American, founded their separate companies in 1906 and 1903, respectively. Both companies merged in 1989 to form Ernst & Young. The company provides audit, tax, business risk, technology and security risk services, and human capital services around the world, in about 150 countries.

Before the merge at the time, Arthur Young's clients were mainly investment banks and high-tech firms on the east and west coasts, while Ernst & Whinney had mainly healthcare and manufacturing industry clients concentrated in the Midwest and South. Internationally, Arthur Young's clients were in Europe, while Ernst & Whinney established themselves in the Pacific Rim countries.

Services

The company has four service lines—assurance, consulting, strategy & transactions, and tax.

  • Assurance services: EY's assurance services include audit, financial accounting advisory services (FAAS), and forensic and integrity services to address risk and complexity during opportunity identification in the capital markets. The company's audit teams deliver analytics-driven audits, while the FAAS and forensics teams work revolves around enterprise and financial reputations, helping to support the finance function in decision-making and helping to address the risks and opportunities that arise from climate change and sustainability issues.
  • Consulting: The company helps clients answer the questions of how to create customer intimacy without proximity, where employee centricity meets the future of work, how technology at speed can create competitive advantage and where innovation at scale meets the "S-curve" of growth.
  • Strategy & transactions: This service line is set up to enable clients to reimagine their eco-systems, reshape their portfolios, and reinvent themselves. It involves corporate strategy, capital allocation, and transaction advisory. EY also helps clients introduce products and innovation to market.
  • Tax: The company has competencies in business tax, international tax, and transactional tax. Their tax professionals offer assistance in identifying solutions for tax-related services associated with people, compliance, reporting, and law.

Timeline

Acquisitions

Invested in

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Funding Rounds Participated In

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
October 10, 2021
https://www.outlookindia.com/
As many as 72 initial public offerings (IPOs) hit the stock market during the January-September period this year in India and strong sentiments were visible in the global markets.
Julia Kollewe
October 6, 2021
the Guardian
Cranfield finds progress on gender targets but still too few female chairs, chief executives and chief financial officers
Heidi Grant
September 22, 2021
Harvard Business Review
Understanding how we're wired can help us set expectations and stay motivated.
Jillian Ambrose
August 25, 2021
the Guardian
Penalty of more than £2.2m imposed after firm did not properly challenge transport group's bosses
August 18, 2021
Harvard Business Review
Sponsor content from EY-Parthenon.
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References

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