Ernst & Young Global Limited
Ernst & Young Global Limited (EY) is an international professional services firm headquartered in London, United Kingdom. The firm provides assurance (including financial audit), tax, consulting, and advisory services to multinational clients. It is one of the largest professional services firms in the world, with 230,000 employees in over 700 offices around 150 countries.
The company was founded by Arthur Young and Ernst & Ernst in 1989. The firm has expanded through a number of “transformational” mergers, such as its combination with KPMG in 2002, and a three-way merger with Deloitte in 2017.
EY has a long history of helping governments and other organizations combat corruption and bribery. In 2009, it was the subject of a lawsuit in the United States for failing to detect fraud in the lending practices of one of its audit clients, WorldCom.
The company provides assurance services through its Global Assurance Practice. This practice offers assurance services in all major financial reporting frameworks, including those used by public companies in the United States, Europe, and Asia. EY also provides services related to corporate governance and internal audit.
EY’s tax services are part of its Global Tax Practice. The practice offers services in the areas of tax compliance, tax planning and tax consulting for both public and private clients, as well as individuals. In 2010, EY ranked first on the Fortune 500 list of International Audit and Tax Companies.
EY is committed to environmental sustainability and corporate responsibility. It is a signatory of the United Nations Global Compact, the world’s largest corporate responsibility initiative. EY aims to reduce its carbon footprint by investing in renewable energy and reusing resources. It has also been recognized for its charitable giving, donating over $3.5 billion to causes across the globe.
Ernst & Young Global Limited is an essential part of the professional services economy, providing world class audits and advice to some of the world’s most successful and influential companies. Its long-standing commitment to sustainability, corporate responsibility, and anti-corruption measures has contributed to the growth of the professional services market and an environment of trust and accountability within businesses around the world.
