EY’s incoming chief Janet Truncale names four global bosses in new leadership team EY Truncale has names four global managing partners, adding that the wider global executive team will be “the same size or smaller” in the future
EY’s UK bosses prepare to cut costs after split plan is ditched BIG FOUR EY’s UK bosses are reportedly discussing cost-cutting measures after the firm dropped its plan to separate its consulting and audit divisions earlier this week. EY’s global executive committee announced on Tuesday that it had ditched the plan, known as ‘Project Everest’, following opposition from its US unit. According to a recording of an internal call that [...]
EY’s China staff asked to wear communist party badges to work ACCOUNTING Staff in EY’s Beijing offices have reportedly been asked to wear their communist party badges to work. A communist party committee in EY’s China business called on party members to wear their hammer and sickle pins in the office, the Financial Times reported. In an email to party members working in EY’s Beijing office, the [...]
Partners at EY to expect a drop in their pay packet April 19, 2024 One of the Big Four firms has been warned that profits could fall by 15 per cent this year due to the slowdown in the market.
EY’s Israeli business opts-out of global split October 25, 2022 EY’s Israeli business will not participate in the accounting firm’s global split, but will instead retain its current structure under which auditors and consultants work together under a single umbrella. The Israeli firm’s managing partner Doron Sharabany told the Financial Times the firm does not see the benefits of EY’s separation plans. “From our point [...]
EY’s talks on potential split to continue into Autumn September 1, 2022 EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. The accounting firm’s internal negotiations over plans to split out its advisory business, in an effort to free [...]
EY is latest to start monitoring attendance of UK employees January 29, 2024 EY has become the latest to monitor its UK employees’ office attendance in order to see if staff are aligned with its hybrid working guidelines. According to the Financial Times, the Big Four firm is recording the swipe card entry of staff to show how frequent they are attending its offices. The data is being [...]
PWC thought about EY-style split – and thought better of it March 17, 2024 Outgoing PWC UK chairman Kevin Ellis said his decision not to split the firm paid off during the pandemic
EY quits as Asda’s auditor amid criticism of Issa brothers January 28, 2024 Big Four accountant EY quit as Asda's auditor last summer in another blow to co-owners Moshin and Zuber Issa.
EY’s Greater China business opts-out of global split September 11, 2022 EY’s Greater China practice, which covers mainland China, Taiwan, Hong Kong, Macau, and Mongolia, has confirmed it will not be taking part in the Big Four firm’s global split. EY’s China segment said it is “unable to participate” in Big Four accounting firm’s ground-breaking plans to separate the firm’s audit business from its consulting arm. [...]