November 21, 2018

E&Y

(UPDATE) 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 […]

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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 […]

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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. […]

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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, […]

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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 […]

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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 […]

EY Still Bleeding Audit Clients

As mentioned this morning, BDO did pretty well last year, winning net 40 new SEC audit clients in 2014. The firm actually won a total of 54 new engagements, slightly more than 1 new client a week. That’s pretty good!

EY Takes Work-Life Balance Into New, Confounding Direction

Alert the media and release the hounds, EY is hot on the trail of a new approach to work/life balance: We have shifted the focus at EY from effective work/life balance to effective work/life integration #WomenFastForward http://t.co/C6g5Q7FmdW — EY (@EYnews) January 21, 201 Interpretations? That, we'll leave to you.  

EY Would Like to See Fewer Old White Guys at Davos Talking About Diversity

The World Economic Forum saw a “controversial” drop in female attendees last year, and hopes a participation rate of 17% for women this year might make up for that. Coincidentally, a CNBC report on this threw in a dig from EY on the overall attitude toward women and what they are doing about it:

Luxembourg Leaks All Over EY’s Tax Planning

Last month, we learned about a trove of documents that revealed a creative tax planning strategy on the part of PwC. Now, we're learning the Luxembourgian manuevering wasn't limited to just one Big 4 firm. From The Center for Public Integrity: A new leak of confidential documents expands the list of big companies seeking secret […]

Gentlemen, If Your Firm Offers Paternity Leave, Take All Of It

Gents, let's discuss something important. Many of you will be dads one day and, if you're lucky, you'll face the decision of whether or not to take some paternity leave. Many of you are ambitious, ladder-climbing types and that's great. But when that first bundle of joy comes along, you will be tempted to shun […]

White Guy Proudly Accepts Diversity Award for His Big 4 Firm

Last night, DiversityInc handed out awards to seven U.S. companies "that showcase best practices for workplace diversity" in New York City. Predictably, EY sent their white Americas Managing Partner Steve Howe to accept theirs. "In order to earn one of our special awards, a company needs to demonstrate full commitment to diversity, starting at the […]

EY Now Hazing New Hires With the Awful EY Anthem

Our tip box has been abuzz with the EY Anthem (yes, it's a thing) over the last few days. Shaking our heads in disbelief, we tried to ignore it but the tips just kept coming in. Well, now we know where the viral anthem-sharing first started. Patient Zero is a newbie in Advisory who shot […]

Footnotes: PwComcast Fiasco Continues; Putting the ‘EY’ in Seth Meyers; Giving Negative Feedback | 10.10.14

L-3 Reveals Subpoenas, Impact From Accounting Review [WSJ]   EY Global Public Policy Chief: 'The West Hasn't Got LGBT Rights All Figured Out' FYI. [IBT]   Comcast notified PricewaterhouseCoopers that a person claiming to be a PwC employee called its chief accounting executive's office with complaints about his cable service and bills, and yelled at its […]

Some Big 4 Alumni Just Can’t Quit Their Old Firms

#DidYouKnow? #EY alumni, aka "Boomerangs," account for 11% of the firm's total US workforce: http://t.co/I8FINXqzw6 via @HRExecMag — EY US Careers (@EY_CareersUS) October 7, 2014 And it's actually 20% for partners, principals and executive directors, according to article.  Then there's this gem from KPMG: Each year, 10 percent to 15 percent of KPMG's 4,500 "experienced […]

Just How Big a Share of EY’s Revenue Do Partners Get Anyway?

EY recently reported global combined revenue of $27.7 billion, or approximately eleventy bazillion in OMGdollars. Just how much of that do partners see? Unfortunately, we don't have US numbers, so UK numbers will have to do: Partners in the UK firm will receive an average £727,000 share in profits, an increase of 12% on last […]

If Global Travel Is Your Thing, Then This EY Deal Is For You (But Probably Not)

Are you looking for an exciting global opportunity? Ready to see the world, experience new cultures, and work without borders? Well, if you're one of the lucky 1.368421052631579%, EY is for you! Broaden your horizons, broaden yourself. For experienced employees, the opportunities to connect globally are almost boundless. For example, each year, 2,600 established US firm […]

EY Reports FY14 Revenues, Makes It Rain on New Audit Toys

Fresh off Deloitte's announcement, EY reported FY14 revenues and — shock! — everything is looking good. Not quite Deloitte-level good but they've still got a few more years before 2020, which is the year they plan to take over professional services. EY reports combined global revenues of $27.7 billion for the fiscal year ended June […]

Mark Weinberger Is Still Obsessed With His Speech No One Remembered

When you die, no one is going to come to your funeral and declare "wow, that guy could tie out like no one's business!" But your kids will certainly remember whether or not you showed up to 12 of their 55 soccer games. EY Global Chairman and CEO Mark Weinberger is all about the work-life. […]

EY Celebrates Its Second Year as the Most Attractive Professional Services Employer

Did someone say attractive? No, I don't mean attractive young men in various states of undress, I mean attractive, as in if you have to work in professional services, I guess working for EY will do. So every year, Universum conducts this study, asking business students from the world's most prestigious schools which employer they […]

15 Reasons Why EY’s BuzzFeed Post Is a Bunch of Malarkey

BuzzFeed will let anyone and their mama post on their platform, including myself (see: 13 Things Only People Who Are Human Will Understand). Not wanting to be left out of the fun, EY has partnered (read: paid) with BuzzFeed to feed their carefully crafted message — in gif form, no less — to unsuspecting young […]

We Can’t Help But Wonder if This EY Conference Room Cactus Is Trying to Say Something

It would be bad enough to spend your life as a cactus, but a conference room cactus? I'd rather be reincarnated as the E. coli on your lunchmeat. It seems this cactus, shared by @EYStaff earlier today, has something on its mind. I can't quite put my finger on it… Cactus in the conference room! […]

EY Sued By Man Claiming He Was Disabled Due to Pending Ulcer, High Blood Pressure

UPDATE: This case has been settled. Details below. Christopher Cotter is a 52-year-old Houston man who “suffers from peptic inflammatory disease and labile hypertension," according to a complaint filed against the Big 4 firm formerly known as Ernst & Young in a Southern District of Texas court on August 5th. In layman's terms, he has […]

KPMG’s Re-Audit of Ventas Teaches Us Boning Doesn’t Necessarily Ruin an Audit

Colin buried this in ANR this morning: Health-care real-estate investment trust Ventas Inc. ( VTR ) said a re-audit didn't result in any changes to its financial statements. KPMG LLP audited Ventas's 2012 and 2013 figures after Ventas said in July that it dismissed Ernst & Young "as a result of an inappropriate personal relationship" […]

EY Is No Longer Blocking Sports Websites Just in Time for Football Season

Forget pleasing their audit overlords at the PCAOB, EY focuses on the important stuff according to our tipster: FYI, EY stopped blocking sports websites.  Just in time for fantasy football.  Maybe a good time to make jokes about how this is so important because most employees don't have time to browse the internet away from […]

EY Hits 50% Failure Rate on PCAOB Inspection, Gets a Grade of LOL on AS5

Today, the PCAOB released its latest inspection report on the firm formerly known as Ernst & Young. Now, before we get into that, let's get into a little history because everyone loves history, right? EY boasted an impressive failure rate of 35.7% in 2011, which was followed up by an even more impressive failure rate […]

The Name of EY’s New Audit Tool Implies Audits Belong in the Louvre

As a creative, right-brained type myself, I realized very early on in my time in CPA review that the CPA exam was less a test of knowledge and more a test of a person's left brain to process and spit out information exactly as it was put in. In other words, the exam weeds out […]

This Advice From an EY Leader Should Not Be Taken Literally

Partners, CEOs and chairmen are great for all kinds of wonderful advice — por ejemplo: "be who you really are" — but sometimes the line between good advice and too soon bro is easily crossed. Case in point: "From day one, focus on the relationships you make. Get in there. Be aggressive." #EY's Bob Patton, […]

Sex and Professional Ethics, Round 2

In case you need to be caught up, the controller at Ventas and the audit partner at EY were banging. So Ventas fired their controller, and Ventas fired EY, and EY fired the audit partner. EY also said that putting the sausage in the ham wallet was a flagrant violation of professional standards. Over the […]

This EY Shilling Is Brought to You By Forbes

Forbes — corporate shilling factory and low-grade financial "journalism" disguised as a magazine for rich people — has a new writer. Yes they already have 10,000 bloggers on every subject known to man but they added another. Only it's not a writer, it's a firm and it's not journalism, it's EY corporate speak. Forbes explains […]

EY Going for an Amputation-Free Emmy Awards Again This Year

If you really want to know the winners in advance, it will cost someone at EY their arm.  EY implements numerous precautions to help ensure accuracy and safeguard results until they are announced on stage, including multiple sets of sealed envelopes transported to the ceremony in separate cars, triple-checking all results, keeping control of each […]

EY Compensation Discussions Redux

With one firm's CEO announcing his retirement and another firm taking it on the chin from Ben Lawsky, you'd think most people would be satisfied with the topics of discussion on a Monday morning. Nope! Please move the EY Compensation thread to where people can actually find it and comment on it.  Update is that compensation […]

EY Is Not Against Using the Deloitte LinkedIn Group for Recruiting Purposes

It may not be specifically forbidden in the unspoken Big 4 playbook but I believe it is assumed that firms consider other firms' LinkedIn groups off limits when it comes to spamming for candidates. This guy at EY did not get the memo: Now, the video isn't just an informative short film on, say, ethics […]

Mark Weinberger Is Getting a Little Verklempt at EY’s Intern Party

Aww, they grow up so fast: So proud of our interns … Destined for greatness wherever their journeys lead …. Hope it includes EY, with me….. — Mark Weinberger (@Mark_Weinberger) July 31, 2014 The 'Berg also promised interns in return for their talent (read: souls),  "what I will commit to you, is an exceptional experience […]

Clarifying Sex and Auditor Independence After the EY and Ventas Affair

With all that went down with Ventas and EY1, I needed a little clarification on our independence rules, so I took the initiative to send the following email to the AICPA: Dear AICPA Ethics Hotline, I understand that earlier this month Ernst & Young was fired by Ventas, Inc. due to an inappropriate relationship between […]

(UPDATE) This EY Fade Haircut Is Just the Worst

A young man has just pledged his #loyaltEY to EY in a creative way. We aren't sure how else to explain it, really. I guess you just have to see the tweet.   @EYMichael @EYLisaT @EYKates #selfie #selfEY #ihadtodoit #noregrets #yolo #HEADSTART pic.twitter.com/lnNkvnzE9O — T (@TheThomaToshi) July 24, 2014 Well, I guess it could be […]

Look Out, Here Comes the Intern #SelfEY Parade

Consider yourselves warned: the interns are about to get released into the wild. Yes, it's that time of year again, EY's International Intern Leadership Conference kicks off next week at Disney World and EY is already trying to goad the impressionable youngsters into blowing up Twitter with #SelfEYs:   My employer, #EY (#ErnstandYoung), sent an […]

EY Senior Manager Finds That Work Won’t Do Itself While He’s on Parental Leave

Here we go with this again. EY is really trying to pull out its paternal leave and wave it around in everyone’s faces, aren’t they?

Why Is Everyone So Tight-Lipped on the Ventas EY Audit Partner Situation?

As we found out recently, the engagement partner at EY was (probably, allegedly) banging the (now former) Chief Accounting Officer and Controller at the client (Ventas). Well, we don't know if they were necessarily getting it on at the client's but you get the idea. Due to that "inappropriate personal relationship," Ventas fired EY — […]

Mark Weinberger Can Top Your Best Work-Life Balance Anecdote

When we talk about accounting firm culture, we often talk about the tone at the top. Besides being a really good buzzword that helps HR wonks convince the lowly serfs that The Powers That Be really care about their well-being, it basically means that what's good for the goose is good for the gander. Or, […]

EY Is In Trouble With the SEC For Lobbying On Behalf of Audit Clients

This just in: The Securities and Exchange Commission today charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients. Ernst & Young agreed to pay more than $4 million to settle the charges. The SEC’s order instituting a settled administrative proceeding finds that […]

Ventas Fires EY as Auditor Over Independence Violation

And by “independence violation” we mean “they were probably banging”

Hey Folks, Let’s Help EY Name Their New Audit Tool!

Move over, GAMx, there's a new player in town. Here are the details from our mole on the inside who made sure to point out that "nobody I know of will be participating" (lest this person be associated with such nerdiness): Basically they are rolling out a new audit tool this year which is cloud […]