EY | Global news | Page 5

An overview of EY global news:

Australia

EY staff in Australia latest in the firing line The announcement of job losses are coming thick and fast at the world’s largest consulting firms with EY the latest to announce cuts in what is an apparent attempt to claw back losses from its failed
25 April 2023
United States

EY US to cut 5% of workforce EY US plans to cut 3,000 jobs mostly in its consulting division, the Financial Times reported on Monday.
19 April 2023
United Kingdom

IBM and EY partner on ESG and quantum computing Business computing giant IBM and Big Four professional services firm EY have entered into a heavyweight alliance, which will see the two companies collaborate to bring quantum computing solutions to
18 April 2023
Australia

Chemist Warehouse chairman Jack Gance named top entrepreneur Ernst & Young has selected the next Australian representative of its global Entrepreneur of The Year program, with Chemist Warehouse co-founder and chairman Jack Gance claiming the local title.
17 April 2023
United Kingdom

EY shelves split plans after partner backlash The Big Four’s love affair with consulting is alive and well, after EY announced it has suspended its plans to divorce its auditing and advisory brands.
14 April 2023
United States

EY breakup scuttled amid objections from US audit partners EY is stopping the plan to split its global audit and consulting business because the US firm has decided not to move forward, according to a Tuesday internal memo to its 13,000 partners.
13 April 2023
Europe

EY calls off global audit and consulting split – for the time being Global professional services firm EY has called off ‘Project Everest’ – a plan that would see the group split into an accounting and consulting firm in more than 100 countries.
12 April 2023
Australia

Extreme E off-road EV race partners with EY on sustainability The Extreme E off-road electric vehicle race series aims to educate on climate change through entertainment, and have partnered with professional services firm EY to help fulfill their mission.
11 April 2023
United Kingdom

EY hires Paul Kitson to lead pensions advisory team Big Four firm EY has installed Paul Kitson as a new Partner to lead its UK pensions consulting business.
10 April 2023
United Kingdom

UK businesses lack 'credible' net-zero plans As the UK government comes under scrutiny regarding the country’s lagging net-zero plans, new research suggest that only a fraction of top companies have actionable plans to drive down emissions.
06 April 2023
United States

EY's split plans in limbo as auditors demand larger part of tax practice EY’s leaders continue to negotiate about how the tax practice will be divvied up in proposed bifurcation of the global network.
31 March 2023
United States

WWE taps EY to help open up bets on scripted matches World Wrestling Entertainment (WWE) has hired consulting firm EY to help convince state gambling regulators to legalize betting on its scripted wrestling matches, sources told CNBC.
21 March 2023
United Kingdom

EY to secure WWE results in fight to legalise wrestling gambling Big Four firm EY has been tapped by World Wrestling Entertainment, as the sports entertainment giant looks to secure knowledge of its results.
17 March 2023
United Kingdom

EY appoints names five partners in corporate finance wing EY has appointed five new partners to its corporate finance wing in the UK and Ireland.
17 March 2023
Australia

Large consulting firms rule out Australian job cuts A quick succession of economic cycles has led to many recent highs and lows for the consulting market, with a current downturn threatening jobs.
12 March 2023
United States

EY pauses global audit and advisory split plan EY’s plan to split its global audit and advisory businesses has been put on pause amid a dispute over how much of the tax business should remain with the audit company.
10 March 2023
United Kingdom

Partner pushback sends EY back to drawing board for split plan Following an international backlash on its plans to split its audit and consulting brands, EY has reportedly paused the project.
10 March 2023
Australia

GradAustralia’s Top 100 Graduate Employers | Consulting Firms Online platform GradAustralia has revealed its latest list of Australia’s ‘Top 100 Graduate Employers’, with over one fifth of the entire list of top employers in the hands of leading management cons
07 March 2023
Europe

‘China to curb power of Big Four accountants and consultants’ China's government is trying to curb the power of the Big Four, especially in the audit domain, according to reports from Bloomberg citing discussions with high-ranked partners within the Chinese org
07 March 2023
Middle East

EY supporting female Saudi entrepreneurs in government tech An initiative to provide Saudi Arabian female entrepreneurs a competitive edge has concluded its application period.
02 March 2023
United Kingdom

Cyber firm Darktrace hires EY for review of finances Cybersecurity firm Darktrace has appointed auditing firm EY to review its key financial processes and controls.
02 March 2023
United States

EY expands Microsoft practice with Tallan acquisition EY US has acquired Tallan, a Hartford, CT-based IT consultancy focusing on Microsoft Azure solutions.
28 February 2023
China

China pushing for shift away from Big Four to local audit firms With tensions between China and the United States continuing to simmer, China’s Ministry of Finance has reportedly asked state-owned enterprises to stop relying on the Big Four for their audit needs
28 February 2023
Australia

Kickstart your career in consulting? The top employers for graduates Graduates in Australia can be as picky as ever over their choice of employer due to a number of market factors, with consulting remaining one of the most popular professions for those seeking to kick
27 February 2023
Germany

EY announces cost-cutting cull of 400 German staff The German member firm of EY is set to offload over 400 partners and staff, as the Big Four firm looks to steady its finances, after it took a major reputational knock from its involvement in the Wir
27 February 2023
Asia

Alvarez & Marsal adds 40-strong transactions team from EY in China Alvarez & Marsal has poached a 40-strong team from Big Four rival EY in China, its biggest ever recruitment round in the country – as the global consulting firm prepares for returning demand for merg
23 February 2023
Asia

Consultant accuses EY's consulting boss of sexual harassment The Head of Greater China Business Consulting at EY has been accused of sexual harassment, according to local reports.
23 February 2023
Australia

The top entrepreneurs of Australia for 2023 Now into its 22nd cycle, EY’s global Entrepreneur of the Year program is one of the world’s most prestigious prizes recognising the achievements of business founders.
16 February 2023
Australia

EY’s Nick Hobson becomes instant Scorchers hero in latest title win Perth-based Ernst & Young transactions consultant Nick Hobson has entered Western Australian cricketing folklore by smashing the winning runs to seal the Scorchers fifth BBL title.
13 February 2023
United Kingdom

Private equity firms must retain key talent to stay competitive As the merger and acquisitions market cools, private equity firms believe that obtaining and retaining top talent is essential for them to come out ahead of the curve, when demand recovers.
10 February 2023
United Kingdom

EY faces criticism on dual-role at Britishvolt Australian company Recharge Industries has sealed a deal to buy Britishvolt out of administration.
10 February 2023
United States

EY considers giving retired partners payout in upcoming spinoff EY has told retired US partners it is considering giving them a cut of the proceeds from a spinoff of its consulting arm, the Financial Times reported.
08 February 2023

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