September 19, 2019

E&Y

Hiring Watch ’19: Working at EY In Louisville Could Be NEAT

Add Louisville, KY, to the list of cities where EY is hiring en masse. Louisville Business First reported on Sept. 6: Ernst & Young LLP is making another investment in Louisville after spending $4.3 million to open its National Executive Assistant Team facility downtown early last year. The company said in a news release Friday […]

RIP Kaustubh Nirmal, EY Senior Advisor Who Died In California Dive Boat Fire

Two of the 34 victims of the horrible California dive boat fire on Labor Day were Kaustubh Nirmal, a senior advisor at EY, and his wife, Sanjeeri Deopujari, a dentist. The couple, who married in 2016, were from Stamford, CT, the New York Post reported. Authorities confirmed that Nirmal and Deopujari were aboard Conception during […]

EY Congratulates EY for Achieving Record Global Revenue of $36.4 Billion In FY 2019

Big 4 revenue bragging season has begun in earnest, or should I say in Ernst, as EY put out a congratulatory press release this morning stating that its global revenue for fiscal year 2019 reached $36.4 billion, the ninth-straight year the firm has posted record numbers. In actuality, that represents a 4.7% increase over FY […]

EY Global CEO: Recession? What Recession?

Have no fear, a recession in the U.S. is not near, EY Global Chairman and CEO Carmine Di Sibio said on CNBC this morning. Carmine Di Sibio, who runs consulting powerhouse EY Global, told CNBC on Thursday he does not see a recession as an imminent threat in the United States. “We had a lot […]

Ex-EY CEO Mark Weinberger Joined a Board

Since his last day as global chairman and CEO of EY on June 30, Mark Weinberger has probably spent a lot of time at home working on his tan and sitting in his favorite recliner, wearing just BVDs and a stained white undershirt, slamming Yuenglings. Maybe his wife finally got sick and tired of seeing […]

Auditor Swap: Bubble Popped On EY’s Engagement with Sealed Air Corp.

Bubble Wrap maker Sealed Air Corp. disclosed in a securities filing earlier this week that it dumped EY as its external auditor and hired PwC, the Wall Street Journal reported yesterday. Now, EY losing an audit client isn’t all that shocking. According to Audit Anaytics’ recent analysis of auditor changes in the second quarter of […]

EY’s Response to N.Y. Lawmakers’ Letter About Sexual Harassment and Forced Arbitration Is As Bad As You’d Expect

Last week, Adrienne wrote about a letter 67 New York state legislators recently signed and sent to new EY Global Chairman and CEO Carmine Di Sibio denouncing the firm’s practice of forced arbitration agreements, especially in cases of sexual harassment and discrimination. The lawmakers wrote that EY’s forced arbitration policy silences victims of harassment and […]

New York Lawmakers Call Out EY’s ‘Culture of Harassment and Discrimination’

It’s rare, especially these days, that bipartisan lawmakers can agree on an issue, but in the case of EY sexual harassment lawsuits they’ve managed to do just that. In a letter to new EY Chairman and CEO Carmine Di Sibio, 67 New York State Legislators, led by Senators Liz Krueger and Alessandra Biaggi, and Assemblymembers […]

EY Threatens to Raise Audit Fees ‘Cause the Mean Ole Government Keeps Busting Their Balls

I buried this story in Footnotes last Friday but thought it deserved its own post because A) it’s interesting and B) Bramwell is on vacation this week, leaving me to run the show and find enough crap to write about. So here we are. Sky News reported last week that they obtained a letter from […]

Dedicated EY Employees Did Not Let a Little Blackout Deter Them From Providing Exceptional Client Service Last Weekend

I honestly don’t know whether to laugh or cry. To the employees of EY NYC working right now from r/Accounting OP didn’t really deliver with pics so if anyone managed to snag proof, let us know. As we understand it, only parts of Times Square were affected by last Saturday’s blackout, but that’s not nearly […]

Arbitration Costs Mounting For Ex-EY Partner Who Claims She Was Sexually Harassed

A declaratory judgment complaint filed on July 17 is asking a Manhattan federal court to invalidate the arbitration agreement that has prevented former EY partner Karen Ward, who alleges she was a victim of sexual harassment and pay discrimination, from taking the firm to court. According to the complaint, to have Ward’s sexual harassment claims […]

Promotion Watch ’19: EY Admits 733 New Partners Worldwide

Because July 1 kicks off a new fiscal year at EY, we figured a new partners announcement would be forthcoming. And it came today, via the new leader of the Black and Yellow, Carmine Di Sibio: Our Global Chairman and CEO, Carmine Di Sibio congratulates our new partners around the world. Their contributions have helped […]

Mark Weinberger’s Best Moments as EY CEO, Ranked

Y’all remember back in the day when we used to do Ranked posts? Yeah, me neither. Mostly all I remember is Caleb saying he saw something similar on a far more popular blog than ours and was like “we should do that but with accounting stuff!” At least that’s how I recall the conversation in […]

Exclusive: We Know What Mark Weinberger Will Be Doing That He’s Officially Out at EY

No one was as surprised as we were when the news broke late last year that Mark Weinberger was stepping down as global chairman and CEO of EY. Adding to the mystique of his unexpected departure, our source — who helped us break the story — hinted that Weinberger’s exit was prompted in part by […]

Auditor Swap: Papa John’s Dumps KPMG For Its Ex, Ernst & Young

Sometimes the grass isn’t always greener on the other side. Pizza chain Papa John’s must have realized this as it’s dropping KPMG as its independent auditor in favor of EY, which audited the company’s financial statements from 1990 to 2017. EY will take over Papa John’s external auditing duties for the fiscal year ending Dec. […]

Ex-EY Audit Partner’s Lousy Audit Judgment Landed Him a $25,000 Fine From the PCAOB

Earlier today, we talked about audit quality or the lack thereof in Australia, the U.S., and, for that matter, all over the world. Well, this latest enforcement order from the PCAOB doesn’t help make a case that audit quality at the biggest accounting firms in the U.S. is getting any better. Compliance Week reported: The […]

PCAOB Doesn’t Take Kindly to Auditors Who Alter Audit Documentation Prior to an Inspection

For years, the PCAOB has pleaded with auditors to quit altering audit workpapers after being notified of an inspection, and some auditors continue to thumb their noses at the PCAOB. Like Humayoun Khan, a former PwC auditor, who was accused of improperly altering a previously archived workpaper in anticipation of a PCAOB inspection. A PCAOB […]

DHG Poaches Someone From a Top 6 Firm and Issues a Press Release, Part I

Whoa, look at Dixon Hughes Goodman, picking off a transfer pricing executive from EY. And he’s a former KPMGer. And he used to be an auditor at the IRS. Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce that Samit Shah has joined the firm as a Principal in the […]

Hiring Watch ’19: EY Is Looking for Some Fresh Faces In New Orleans

First Nashville, now the EY hiring caravan is heading to New Orleans. Ernst & Young, an international accounting and business services firm, will create an administrative support center in New Orleans that will add 200 employees in the next three years, city, state and economic development officials announced Monday (May 6). The center will be […]

Hiring Watch ’19: EY Is Looking for Warm Bodies to Fill New Tax and Tech Jobs In Nashville

Back in November, EY and Tennessee state officials made a big to-do about the Big 4 firm signing a lease at a new 10-story office building being constructed in the Music Row district of Nashville. And during that press conference, EY announced that it would be adding 600 jobs in Nashville over the next five […]

Tina Frost, EY Employee Shot In Las Vegas, Still On the Road to Recovery

Tina Frost (right) pictured with her mother, Mary Watson Moreland. It’s been several months since we checked in to see how Tina Frost is doing. Frost, an accountant at EY in San Diego, was shot in the head during the Route 91 Harvest Festival mass shooting in Las Vegas on Oct. 1, 2017. Frost’s mom, […]

Oh Look, EY Is On the Receiving End Of Another Sexual Harassment Complaint

After we recently reported on sexual harassment allegations made against male executives at EY U.S. and EY Switzerland by former female employees, Adrienne and I got an email from a woman by the name of Ana Raquel Villanueva who told us that she, too, was a victim of sexual harassment while employed at EY in […]

Big 4 Calling On All Blockchain Nerds to Come Nerd Out At Their Firms

From CoinDesk: “Big Four” professional consulting firms Deloitte, KPMG and EY are all in the top five when it comes to posting blockchain job ads, according to new data from Indeed.com. The employment site released its latest figures for job postings relating to blockchain, cryptocurrency and bitcoin in the U.S. on Thursday, with the data covering […]

EY Employees In Johannesburg Forced to Evacuate Due to Bomb Scare, Nothing Found

A bomb threat led to the evacuation of an EY South Africa office in Sandton, Johannesburg earlier today, but authorities allowed employees to return to work later in the afternoon after finding nothing suspicious during a search of the building. Due to a safety concern, we are currently evacuating our Johannesburg office at 102 Rivonia […]

EY Names Carmine Di Sibio’s Replacement as Global Managing Partner for Client Service

Andy Baldwin, your table is ready. EY today announces that Andy Baldwin has been appointed the next EY Global Managing Partner – Client Service, effective from 1 July 2019. In this role, Baldwin will be responsible for leading the go-to-market and client activities. He will also have overall leadership for the three EY geographic areas […]

EY Won’t Waive Arbitration Provision for Ex-Partner Who Says She Was Victim of Sexual Harassment

Last September, we reported on a complaint filed with the Equal Employment Opportunity Commission by former EY partner Karen Ward, who accused her former employer of sexual harassment, gender discrimination, and retaliation. A couple of days after filing the complaint, Ward sent an open letter to EY Global Chairman and CEO Mark Weinberger, asking him […]

EY Switzerland Managing Partner Accused of Sexual Harassment Has Been Relieved of His Duties

The outside investigation into accusations of sexual harassment at EY Switzerland has been completed, and the accused harasser, a male managing partner who also served as the firm’s chief talent officer, has been shown the door. But according to published reports in Switzerland and confirmed to Going Concern by several sources, the law firm engaged […]

ernst & young report ashley madison

EY Felt the Need to Form an Independent Audit Quality Committee

If someone had told you that a Big 4 firm just created an independent committee that will advise the firm on how to improve the quality of its audits, you’d think it was KPMG, right? I mean KPMG partners stole confidential inspection information from a couple of rogue PCAOB employees because the firm’s inspection reports […]

Marcel Stalder Is Out as CEO of EY Switzerland

A couple weeks ago, we got an email from a tipster who told us that EY Switzerland CEO Marcel Stalder was “dead meat” due to the firm’s handling of sexual harassment allegations made against a male managing partner by a former female associate. Well, turns out this person was right; Stalder has stepped down as […]

Garbage

Apparently EY’s ‘Program Mercury’ Is Hot Garbage and Some Folks Are Understandably Upset About It

Being a Tuesday after a holiday (for some of us lucky bastards, anyway) today feels more like a Monday. I’m sure no one except Bramwell has noticed, but I rarely if ever work Mondays unless you count our mandatory conference call in which the GC team tries to figure out how to monetize long strings […]

Carmine Di Sibio

Hey, So We Were Totally Right About That Carmine Di Sibio Thing

Back when Mark Weinberger announced his pending retirement from EY late last year, the tipster who provided us that information included another tidbit: that Carmine Di Sibio would take his place. Of course, spokespeeps at EY would not confirm that part, but we felt comfortable enough with their nervousness over us having that info that we […]

Here Is More Proof That EY Switzerland Is a Total Frat House

Well, guys, we learned today that at an EY Switzerland holiday party a few years ago, Santa Claus got an erotic lap dance on stage in front of about 200 people. And the man dressed like jolly ol’ Saint Nick is a partner in the firm’s banking practice, and the woman grinding on his lap […]

Reminder: EY Will Be Counting Ballots for This Weekend’s Golden Globes

If you tune in to watch the Golden Globe Awards on Jan. 6 and see three snappily dressed people with silver briefcases handcuffed to their wrists, you’ll know that they are the representatives from EY, which has counted the votes for the awards show since 1973. Why the handcuffs? Caleb had a theory a couple […]

EY Switzerland Suspends Chief Talent Officer Accused of Sexual Harassment

The chief talent officer at EY Switzerland was suspended by the firm today pending an independent investigation into sexual harassment allegations made by a former EY female associate, who claims the male executive made inappropriate comments about her breasts, made sexual advances toward her, and then bullied her when she rejected him, according to published […]

KPMG, PwC, and EY Also Kicked U.K. Partners to the Curb for Sexual Harassment, Bullying

We learned on Dec. 9 that Deloitte U.K. had fired about 20 partners in the past four years for inappropriate behavior, including sexual harassment and bullying. The Financial Times, which broke the story, had asked the other Big 4 firms in the U.K. if they would disclose similar information. They declined. But KPMG, PwC, and […]

Carmine Di Sibio

Here’s Everything We Know About EY’s Potential Next Global Chairman and CEO

By now, everyone has heard the news we broke Monday afternoon that Mark Weinberger is noping on up out of his role as EY global chairman and CEO, effective June 30, 2019. We were able to secure an interview with him that we’ll share with y’all soon, but in the meantime, let’s speculate wildly on […]

ernst young mark weinberger trump advisory council

Mark Weinberger Is Done Being EY Global Chairman and CEO

Last night we were tipped off about a major announcement happening at EY this week, and we have received official confirmation of said announcement today by the firm: Mark Weinberger is stepping down as global chairman and CEO effective June 30, 2019. EY confirmed what our source told us, that Weinberger told the firm’s leadership […]

Former EY Consultant Indicted on Hate Crime Charges for Allegedly Attacking Gay Couple, Being a Total D-Bag

Brandon McNamara, a 25-year-old former EY employee who was arrested in September for allegedly beating up two gay men outside a Brooklyn bar, faces up to 15 years in the slammer after he was indicted on hate crime charges last week. Brooklyn District Attorney Eric Gonzalez said McNamara was arraigned on Nov. 14 and charged with […]

EY Employee Shot in Las Vegas Has Made Huge Strides in Her Recovery

We’ll leave you with some good news as we head into the weekend. Tina Frost, the EY employee who was shot in the head during the Route 91 Harvest Festival mass shooting in Las Vegas on Oct. 1, 2017, is now able to talk and drive, family and friends recently told the Baltimore Sun. “She’s […]

Hey, We Finally Found Something That EY Is Actually Good At

And that something is … cricket. Ernst & Young (EY) Oman has won the Auditors Cricket Tournament (Inter Audit firms) concluded recently. This is the fourth consecutive time that EY has won the Auditors Cricket Cup. Yes, the Auditors Cricket Cup is a thing. And the EY squadron really took it to the competition this […]

Ex-EY Manager’s Paternity Leave Lawsuit Against Firm Is Heading to Arbitration

A dispute between EY and a former senior manager who claims the firm fired him after he requested additional paternity leave after the birth of his child must be settled in arbitration, a federal judge in Philadelphia said last week. The plaintiff, Shmuel Eisenbach, didn’t prove that anything in the EY arbitration agreement he signed […]

EY Thinks It Will Hire Enough People in 2019 to Fill a Small College Football Stadium

Accounting Today posted an article yesterday on EY’s “ambitious” recruiting goal of 15,000 new hires in the U.S. in fiscal year 2019. Given that EY only increased its headcount worldwide by 14,000 people in FY 2018 makes me think this has as much chance of happening as Adrienne Caleb coming back to GC. According to […]

‘Drunk A-hole’ EY Senior Consultant Arrested By NYPD For Allegedly Beating Up Gay Couple

It has not been a good week for fellas with the last name of McNamara who work or who have worked at EY. Brandon McNamara, 25, who reportedly is a senior consultant with EY, was arrested by the New York Police Department on Sept. 26 and faces a slew of charges for the alleged beating […]

Ex-EY Partner to CEO Mark Weinberger: ‘Let’s Make EY a Better Place to Work for Women’

In a Sept. 26 letter to EY Global Chairman and CEO Mark Weinberger, former partner Karen Ward, who filed a sexual harassment, gender discrimination, and retaliation complaint against the firm earlier this week, invited the firm’s leadership and board of directors to meet with her to “discuss my experiences at EY and additional ways in […]

Another Former EY Partner Has Filed a Sexual Harassment Complaint Against the Firm

[Updated on Sept. 25 with allegations from the complaint, full statement from EY, and full statement from attorney Michael Willemin.] A former female partner at EY filed a complaint with the Equal Employment Opportunity Commission on Sept. 24, accusing the firm of sexual harassment, gender discrimination, and retaliation. This is the second such complaint filed […]

Mark Weinberger Says Culture Defines EY, Fails to Define What Culture Actually Is

In the slow-as-molasses, reactive world of public accounting and behemoth professional services firms, there’s no such thing as “old news.” That’s why we’re pulling this three-year-old video out of the vault so we can all point and laugh at EY Chairman and CEO Mark Weinberger talking about culture. Or attempting to, anyway. The LOLs start […]

EY Global Revenue Up 11% in Fiscal Year 2018

Here we go, folks. It’s that time of year when we start seeing the Big 4 firms releasing their global revenue numbers for the most recent fiscal year. And EY is first out of the gate. According to the numbers Mark Weinberger and company want the public to know about, fiscal year 2018 was a […]

ernst & young report ashley madison

Here’s Your Open Thread for EY Compensation Discussions (2018)

Ya know, I don’t know why we’re even bothering with this since Going Concern sucks but on the off chance one of you gets his BVDs in a bunch over us not doing it, here we are. Historically, the emails start trickling in right about this time each year, presumably after the rulers of Ernstonia are able to […]

EY Promotes 747 New Partners Worldwide

We here at Going Concern have been anxiously awaiting the new EY partners announcement, and it finally came today. The 747 new partners worldwide in the class of 2018 is the most in three years. So, I suppose fireworks were in order: Today we're proud to celebrate our 747 diverse new partners around the world […]

Slim Pickings For SIG, as It Settles on EY as New Auditor

While the U.K.’s Financial Reporting Council investigates Deloitte’s 2015 and 2016 audits of SIG, the building products distributor has selected EY as its new auditor, according to the Financial Times. EY was the only Big 4 firm eligible to bid for the SIG contract, which according to The Times newspaper, is worth about £1.6 million […]

EY Remains the Most Audit-y of the Public Company Auditors

Congrats to EY for once again having more public company audit clients than any other Big 4 firm. Of the 6,167 public registrants in the United States, EY audits 921 of them, or 14.9%, according to Audit Analytics’ Who Audits Public Companies – 2018 Edition. PwC is next with 658 public company audits, or 10.7%; […]

ernst & young report ashley madison

If EY Treats a Partner Who Reports Sexual Misconduct Like This, What Hope Do Other Employees Have?

Update in the 18th paragraph includes an additional statement from Ernst & Young. One of the more shocking details from the sexual harassment complaint against Ernst & Young is that even though the victim, Jessica Casucci, was a partner, other partners and senior officials in the firm either did nothing or took action to protect […]

ernst & young report ashley madison

Rest Assured, Seekers of Illicit Love, Ernst & Young Has Your Back

Back in 2015, the popular adulterer website Ashley Madison made news when hackers leaked the personal details of its millions of users. At that time, one of the things we learned about the site was that, not only did the number of male users greatly outnumber the number of females, the females were bots or […]

department-of-defense-audit

The Defense Logistics Agency Be Like, “Accounting? What’s Accounting?”

Occasionally I will see something charged on my credit card that I don’t remember. I rack my brain. Sometimes I start to think maybe someone’s stolen my card number. But, more often than not is a charge from an obscure parking meter or something similarly mysterious that I didn’t commit to memory. The credit card […]

Deloitte Legal UK

Accounting News Roundup: Deloitte Legal, EY Boomerangs and Praying for the Pass-Through Deduction | 01.10.18

Deloitte muscles in on legal services in UK [FT] Oh, looky what we have here, another Big 4 firm splashing its way into some press about legal services. Deloitte is “applying for an alternative business structure licence” which allows non-law firms in the U.K. to offer legal services. And wouldn’t you know it, Matt Ellis, […]

ernst & young report ashley madison

EY Employee Shot in Las Vegas Is Home for the Holidays

EY employee Tina Frost, one of the victims of the horrific Las Vegas mass shooting in October, has continued a miraculous recovery. An update on her GoFundMe page reports that she walked out of her rehabilitation hospital late last week: 12/10/17 – Hi everyone, well another HUGE milestone for our Tina. She walked out of […]

ernst & young report ashley madison

EY Employee Shot in Las Vegas Out of Coma

Tina Frost, the EY employee who was shot in Las Vegas at the Route 91 Festival, has awoken from her coma and is showing improvement, according to an update on the GoFundMe page written by her family’s spokesperson: Today has also been a big day for our TT – she is now waking up! She […]

ernst & young report ashley madison

EY Employee Shot in Las Vegas Remains in Coma After Surgery

Tina Frost, an EY employee, was one of the more than 500 people wounded at Sunday’s horrific mass shooting in Las Vegas. The details of her story are terrifying: Frost, a 27-year-old Anne Arundel County-native, was attending the ‘Route 91 Harvest Festival’ with her co-workers and longtime boyfriend, Austin Hughes, when the barrage of gunfire […]

ernst young equifax

Here’s Your Open Thread for EY Compensation Discussions (2017)

Okay, okay. I’m sure some people inside the House of Black and Yellow need a break from writing thoughtful emails to Mark Weinberger. It seems that yakking about EY compensation is the perfect way to do that. The first requests came in yesterday and have been picking up steam today. A tip from yesterday notified […]

ernst young mark weinberger trump advisory council

Tell EY’s Mark Weinberger To Quit President Trump’s Business Advisory Council

I’m overstating the obvious here, but there’s something disturbing when the President of the United States can’t be bothered to unequivocally condemn white supremacists. The fact that I even have to write that sentence blows my mind. This morning, in response to President Trump’s remarks, Merck CEO Kenneth Frazier announced that he was resigning from […]

ey orlando

EY Promotes 669 New Partners Worldwide; Numbers Down for Second Year in a Row

Yeah, it’s the old logo, but I’m sure the firm prefers it to shirtless dudes. Sorry, it seems I’m a bit slow to the new EY partner news. Here’s Mark Weinberger on Sunday: We are committed to developing and strengthening our pipeline of diverse leadership. #BetterWorkingWorld pic.twitter.com/rwui5G0Nvc — Mark Weinberger (@Mark_Weinberger) July 10, 2017 There’s […]

pwc legal us

Big 4 Audit Quality Hiding in Plain Sight: Restatement Mentions in PCAOB Reports

For the last several years, one very interesting audit quality metric has not been widely reported in the media, and the largest audit firms barely mention it. It has been hiding in plain sight and could be a useful data point to audit committees or investors that are trying to understand the quality of audits. […]

accounting-firms-bitter-employees-vault-rankings

Let’s Revel in These Bitter 1-Star Reviews of Accounting Firms

I mentioned the Vault Accounting 50 yesterday, and even though we don’t pore over the listings like we used to, there’s still one part of them that we haven’t tired of yet: bitter 1-star reviews of accounting firms. So yes, I dug through the 1-star reviews of a few dozen accounting firms for an hour […]

Accounting News Roundup: Big Auditors, A Tax Situation and United | 04.11.17

Big auditors Accounting Today reports on the latest numbers out of Audit Analytics on public company auditors. And congrats to EY, the audit-yiest of the auditors: Big Four firm Ernst & Young maintains its top spot in the rankings of auditors of public companies, with over 250 public company clients more than its nearest rival, […]

EY-auditor-insider-trading

Man, This EY Auditor Made Some Bad Choices

Today in consequences of career limiting moves, a former EY auditor settled charges with the SEC that he traded on insider information about a merger of a client that he was staffed on. Now, I know you’re thinking, “Wow, that was dumb.” And yes, that was incredibly bad decision on the part of Nima Hedayati, […]

Accounting News Roundup: CEOs and Trump; PCAOB Fines EY Indonesia | 02.10.17

CEOs and Trump Here’s a Washington Post article that looks into how CEOs like Elon Musk are stuck between a rock and a Trump place: Musk has maintained on social media that his role as an adviser should not suggest he supports all of Trump’s policies. Instead, he says, his presence offers an opportunity to […]

Trump Tapped EY CEO to Mansplain Chicks in the Workplace to Him

As you may have heard our esteemed and definitely not toxoplasmosis-infected president Donald J. Trump turned to two guys — Walmart CEO Doug McMillon and EY CEO Mark Weinberger — for a discussion on women’s workplace issues with his Strategic and Policy Forum last Friday. Perhaps all the women CEOs were busy that day getting […]

EY CEO’s Statement Fails to Rebuke Trump’s Immigrant Ban

EY CEO Mark Weinberger has his first big meeting as part of President Trump’s business advisory council this Friday and it promises to be…interesting. That’s because some executives on the council have expressed concerns and others outright rebukes of the executive order banning refugees and immigrants from seven countries. Weinberger opted to play it safe […]

EY Counts the Votes for the Golden Globes, You Guys

Look at that, another year gone by. As many of us try to get back to the gym, find a new job or yell at fewer strangers, there's one other time-honored tradition in January: accounting firms boasting about their award show gigs. And here's EY, right on cue, to tell us about their sweet counting […]

For the Hoarder of Big 4 Swag in Your Life: This Ernst & Young Computer Bag Is for Sale on Craigslist for $5

If there were an online marketplace of vintage Big 4, 5, 6 or 8 swag, I can just imagine the sickos that would troll it all day long for the best deals they could find. Andersen mousepads for $2; PricewaterhouseCoopers backpacks for $10; Touche Ross coffee cups for $3. I'm sure there are hours of […]

EY Tax Guide 2017: The Perfect White Elephant Gift

If you work in a small office or are part of a large team that wishes only to celebrate amongst yourselves, chances are decent that you'll have a white elephant gift exchange this holiday season. If so, may I suggest that you forgo the Starbucks gift card because people can buy their own damn coffee. […]

Are Big 4 Firms Getting Stingy?

The benefits to working for a Big 4 firm can be embarrassing sometimes. It’s just not things like weeks of PTO that you’ll never use or pet insurance, but also the day-to-day perks that come along with carrying the water for a behemoth professional services firm.

It’s Really Too Bad That Ernst & Young Isn’t Struggling to Account for Trump

It's Friday afternoon, half the internet is broken (including Disqus!) and it's a presidential election year; in short, it's a slow day. Incredibly, we were saved from this drought in hell by this post from Politico: "Ernst and Young struggle to account for Trump." Unfortunately, this is not a story about the Big 4 firm's […]

EY Thought the Weatherford Audit Could Turn Out Badly; It Turned Out Badly

I'm not sure if there's a pattern or not, but it sure seems like the Big 4 take turns being the poster child of sloppy auditing. Sometimes the stretch is long and sometimes it's short, but it's inevitable that something blows up and one firm will be back on top as the King of Failed […]

Brace Yourself for the #AuditorProud Social Media Blitz

Ding. Ding. Are you ready for Round 2? It’s the second annual #AuditorProud day. Hey, wait a second. Wasn’t it in December last year? Actually, yes. At least we know now that the folks over at the Center for Audit Quality took a haphazard approach when selecting the day and it’s totally random. But hey, […]

Accounting News Roundup: EY Emoticons and Ballparking Trump’s Tax Plan | 09.20.16

Emoticons In the past, one of the more fruitless exercises that large accounting firms have forced upon their employees is the assessment of the firm as an employer. The idea being that firms want to know how their employees feel about working there — do they feel great or not so great? Why do they […]

EY Runs Afoul of Auditor Independence Rules Thanks to Sporting Events, Office Romance

One of the keys to being a successful partner in a large accounting firm is client management. If you’re a tax or advisory partner, this is pretty simple: you wine, you dine, you do the work with a smile on your face. The client is happy. You are a good partner. Audit partners don’t have […]

Accounting News Roundup: New Deloitte Partners and Leslie Jones Wants EY’s Help | 09.19.16

Deloitte partners Deloitte announced its new partner class this morning, although it's not much of an announcement. Today, Deloitte announced that it has elevated 623 professionals to partner, an increase of four percent from 2015. Deloitte also saw a significant increase in the number of new female partners globally over the last year. Twenty-six percent […]

Here’s Your Open Thread for EY Compensation Discussions (2016)

The bombing raid of requests for the EY compensation thread started late last week and didn’t let up over the weekend or this morning.

Here, Have This Video of EY Interns Cheering for No Damn Reason

Crikey, it's like they're at the Price Is Right or something: Great meeting our interns @EY_IILC in Orlando last week. Check out the video of this passionate group! @EY_CareersUS pic.twitter.com/xgL0fRA9Ft — Steve Howe (@SteveHoweEY) August 11, 2016 Sure, they seem like an ethusiastic group. Watch out for the bullies, though.

EY Sure Seems Excited About Its Interns

Judging by the number of high-fives, pom-poms and beach balls in these videos, anyway: And we're off! Welcome 2016 #IILC interns! pic.twitter.com/BTBQvXjeh7 — EY IILC (@EY_IILC) August 2, 2016 Enjoy it while you can, EY interns. There won't be any cheering after this.

EY Admits 714 New Partners Worldwide

It’s a new fiscal year in the EY universe which means a new partner class. Here’s a tweet and a video:

EY Auditor Is the Subject of Affection in Craigslist Missed Connection

Unless you're dead on the inside, you've been infatuated with someone at work. Maybe it's someone on your team, maybe it's a client, maybe it's your boss. Regardless, people have various ways of dealing with this unreasonable love and one of the best ways is Craiglist Missed Connections!  We've covered accountant-related missed connections for years […]

EY Offering Pension Buyouts to Its Former Employees (Limited Time Only!)

Here’s an interesting bit of news that dropped in our inbox earlier: EY is offering lump-sum pension buyouts to former employees. There are conditions, of course. To be eligible, an individual must have left the firm prior to January 1, 2016 and won’t be receiving benefits as of June 1, 2016 when the opt-in period begins.

EY’s Got Some Job Openings in Jacksonville

About 450 of them, in fact. EY will fill them over the next four years amd lots of those "will be in information technology and financial consulting." So if that sounds interesting and you don't care that the hometown football team only has two playoff appearances since 2000, pack your bags. [FTU] 

EY Is Excited About Blockchain, You Guys

Blockchain is a technology that is supposed transform modern business although few people seem to understand how. But whatever! It's going to be more secure, decentralized and will involve a lot of fancy algorithms and stuff. Regardless of how much anyone knows or comprehends it, EY is on the bandwagon: It turns out that one […]

Life at EY Involves Food, Technical Difficulties

If you're wondering how things are going inside the Black and Yellow during these early stages of busy season, you'll be relieved to know that people aren't starving: These #EY cupcakes were just delivered to our conference room #busyseason #perks ^JW pic.twitter.com/KeJWO7oYYf — Life at EY (@LifeatEY_US) January 27, 2016 key to busy season…healthy dinners, […]

Former EY Employee Who Liked Secretly Filming People in the Bathroom Given Four Years to Think About His Choices

A judge in London sentenced a former EY employee to four years in prison for filming more than 3,500 people "in bedrooms and bathrooms in his own home, shower rooms and lavatories at his work place and bathrooms in a large number of coffee shops in central London."  George Thomas started his little hobby in […]

Here’s Your Open Thread for EY Compensation Discussions (2015)

There’s been a steady stream of tips coming in for the last week about EY comp discussions starting today and we understand that people are anxious.

Here’s how one tipster put it:

Enjoy the Dreams While You Can, EY Interns

When you wake up, someone will be complaining about how you don't know anything. Have a great time at the Disney parks, interns! Don't forget that fanny pack!☝#IILC — Joe Maturando (@JoeMaturando) July 29, 2015  

At Least One EY Associate Not Pleased to Learn That Overachieving Doesn’t Count for Much

A tip from the mailbag that is sure to crush the morale of some enterprising EY audit associates:

EY Admits 753 New Partners Worldwide

It's New Year's Day in the EY universe which means a new partner class. The firm dropped the news on their site earlier today: EY today announced the promotion of 753 of its people to partner, its largest increase since 2008 and a 12% increase over 2014. This year, EY added a record number of […]

PCAOB Inspection Report Shows That EY’s Auditing Is Still Bad

Maybe you've noticed, maybe you haven't, but PCAOB inspection reports have loads more information in them than they used to. They have several tables that summarize deficiencies by audit standards, financial statement accounts/audit areas and industry. They also throw in pie charts to show the breakdown of the industries and revenues ranges of the companies […]

EY Employee Has Eaten So Many Hours, He’s Gone on Hunger Strike

We have received a tip from an EY employee who's in a situation many of you can relate to: I rolled onto a workstream (sub-engagement) where I have had no involvement into the budget or other matters (deliverables, etc.).  My hours are being limited by this manager that has caused me to "eat" hours, so […]

If You’re ‘Bored Stiff’ Working at a Law Firm, the Next Logical Step Might Be to Get a Job at EY

It's rare, I think, to encounter a person who finds a particular career path boring and abandons it for another path that is similarly boring. EY's Central Region Managing Partner for tax is one such person: Marna Ricker “always had natural gravitation toward math and numbers.” After a short stint in a law firm, where, […]

EY Law Continues to Not Threaten Law Firms By Poaching Lawyers

EY Law has picked up the former managing partner of Addelshaw Goddard, a large international law firm based in London, and another AG partner who will both join EY UK's legal services practice. I trust EY will let law firms know when this sort of behavior is a threat. Until then, carry on, law firms. […]

Yep, Auditor Independence Is Still a Joke

People like getting worked up about auditor independence. For firms, it's a badge of honor. They like pointing to it as a virtue of their business. You know — objectivity, integrity, all that crap.  For audit firm critics, picking a fight over independence is easy. All anyone has to say is, "Audit firms are paid by […]

EY Must Be Really Taken With These Microsoft Folks

Just last year the firm moves to Outlook and now a "strategic business alliance"? THE FUTURE HAS ARRIVED. EY announced today a strategic business relationship with Microsoft Corp. to deliver new and innovative services through their digital-age strengths to companies around the world. The services will utilize EY's practices in analytics, cyber security, digital enterprise strategy, digital […]

EY

EY Glad That Whole Lehman Brothers Thing Is Over

EY settled its litigation with the New York Attorney General today, paying $10 million to make Eric Schneiderman go away. The suit was originally brought by now-New York Governor Andrew Cuomo over four years ago. EY claims that this was the “last significant lawsuit” remaining and said, “After many years of costly litigation, we are pleased […]

#TBT: The Failed Merger of Ernst & Young and KPMG

In the late 1990s there were 6 major accounting firms serving our capital markets with gusto. Then, in September 1997 the firms of Price Waterhouse and Coopers & Lybrand — #4 and #6 respectively — announced they would merge, creating the largest and integritiest firm in the world.  Not to be outdone, #2 Ernst & Young […]