EY is a global leader in assurances, tax, transactions, and advisory services. It is one of the best in the industry of advisory and tax services. So if you are searching for a professional service when it comes to advisory, assurance, and tax, you need to try EY. The firm offers professional services through teams drawn from a pool of 25 partners and over410 professional staff with diverse and specialized skills. In this article today, I will be letting or providing you with some relevant information about EY. So now, all you have to do is to read and learn more.
EY is abbreviated from Ernst & Young Global Limited Liability Partnership, commonly known as Ernst & Young. It is one of the largest professional services firms in the world. Alongside Deloitte, KPMG, and PwC. EY is considered as one of the Big Four accounting firms. The firm primarily provides assurance, tax, consulting, and advisory services to its clients.
Just like many of the larger accounting firms in recent years, it has expanded into markets adjacent to accounting. Which includes strategy, operations, HR technology, and financial services consulting. The firm works as a network of member firms which are structures as separate legal entities in a partnership. This company has more than 270, 000employees in over 700offices in 150 countries around the world. The current partnership was formed in the year 1989 by a merger of two accounting firms known as Ernst & Whinney and Arthur Young & Co. The firm actually was abruptly named Ernst & Young until a rebranding campaign officially changed its name to just EY in 2013.
Brief History Of EY
EY actually came about as a result of several mergers of ancestors firms over the last century and a half. The oldest being Harding & Pullen was founded in 1849 in England. In the same year, the firm was joined by an accountant name Frederick Whinney, who later became a partner. Later in 190, EY was founded in Cleveland, Ohio, by Alwin C Ernest, alongside his brother Theodore Ernst. Inthe 06, Arthur Young & Co was set up by a Scotsman account, Arthur Young in Chicago. Starting from 1924, the two firms became allied with prominent British Firms. After a decade, later in 1989, Ernst & Whinney merged with the fifth largest firm globally at the time.
EY Global Structure
EY is organized geographically as follow;
- Europe, Middle East, India, and Africa.
- Asia- Pacific.
Each of these areas has a similar identical business structure and a unique dedicated management team.and each is lead by an Area Managing Partner who is a part of the Global Executive Board.
Over the course of EY operations, the firm has transformed its business model and diversified its pool of offered services. Also, it has substantially altered its business approach to offers a more comprehensive scope of services. This company has the following main service lines that I will be listed below;
- Assurance: it comprises of Financial Audit, Financial Accounting Advisory Services, and Forensic & Integrity Services. EY inspires the confidence and trust of its clients by using their data to give them a clear picture of how they are performing.
- Tax: It provides fresh perspectives that help drive strategy. And support clients in making better-informed business decisions.
- Advisory: They help to guide businesses through transformation. This is done by asking the most challenging questions. And coming up with the most powerful answers.
- Transaction Advisory Service: This company deals with companies’ capital transformation. Including Business Valuation and Economics, Due Diligence, Real EstataeAdvisory Services, and many others.
The above are the main services that are offered by the platform to its clients who are asking for help.
The unveiling of EY rebranded Logo was done in July 2013 to coincide with the firm changing its trading name from Ernst & Young to EY.
Careers At EY
The firm brings extraordinary people together to build a better working world. The firm consist of unicorn makes and bot builder. Change agents and cyber gurus. Performance improvers and problemsolvers. Data scientists and growth hackers. Risk managers and confidence builders. At EY careers, you will be able to grow your skillset, expand your mindset, and build a legacy. You get to focus your intelligence and imagination on the most crucial, complex issues facing business, government, and society today.