Ernst AND Young PDF

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About Ernst & Young Ernst & Young LLP is the US member firm of Ernst & Young Global, one of the Big Four accounting firms, which includes  KPMG  PricewaterhouseCoopers LLP  Deloitte Ey Logo On July 1, 2013 EY unveiled their new logo and new name. They changed their name from Ernst and Young to just EY. They stated in a press release that they feel the new EY logo reflects the traits needed in order to have the best brand in public accounting.

Ernst and Young Headquarters EY’s headquarters are located in the United Kingdom. More specifically they are located in London. The address of the headquarters is 6 More London Place, London SE1.

Ernst and Young Interview Process EY has a 6 phase interview process that recruits must go through. The phases are: 1. 2. 3. 4. 5. 6.

Introduction Employer Questions Evaluation Your Questions Close Follow up

On Ey’s site they say that you typically have to meet with two EY people during the interview process so be prepared for that.

EY REVENUE EY revenue for 2017 exceeded $31.4 billion. This keeps them ranked as the number 3 accountancy firm in the world. EY made $29.6 billion for their fiscal year ended 2016. That makes them the third largest public accounting firm in the world. EY’s revenues totaled $28.7 billion for their 2015 fiscal year. Of the $28.7 billion in revenue, $11.3 billion came from Assurance. $7.5 billion came from tax. $7.3 billion came from advisory and $2.5 billion came from transaction advisory services.

EY Number of Employees EY has 231,000 employees working across its member firms as of 2016. That makes them the second largest accounting firm by number of employees. EY had 212,000 employees working in its member firms in 2015. 65,457 of these employees worked in the Americas. 102,176 of these employees worked in Europe, Middle East, India and Africa. 36,116 of those employees come from the Asia Pacific region 7,701 of those employees come from Japan.

EY 2018 Hiring Push EY will hire 14,200 candidates in the United States in 2018. 5,400 of these candidates will be experienced candidates while 8,800 will be students. The student jobs will be split between 4,880 college grads for full time jobs and 3,920 will be for internships. They will still be hiring in the typical accounting fields of audit, tax and advisory though.

Ernst & Young also mentioned that they are look for candidates that are ethnically diverse and women. They said that they apply a 3 pronged approach to helping women and ethnically diverse women advance in their careers. 1. They illuminate a path to leadership for these individuals 2. They create a culture that enables flexibility for all 3. Finally They build a supportive and inclusive environment where all differences are valued

EY Services Ernst and Young provides assurance, tax, auditing, advisory, enterprise risk management, and technology and security risk services to public and private companies in the various sectors such as:       

automotive, energy, chemicals, financial services, health, real estate, entertainment

along with countless other industries.

EY Offices EY is moving their NY Headquarters EY will be occupying the new building hitting manhattan’s skyline. They are slated to occupy 17 floors of the new Brookfield property. They will move from their current location of 5 times square which is located right in the heart of times square. This is welcome news to all the current employees who do not like working in the heart of Manhattan with all the tourist foot traffic.

San Antonio Office Opening Ernst and young will be opening a new office in San Antonio where 600 new jobs will be created. Ey received a tax incentive to locate new jobs in San Antonio Texas. What’s weird is that the jobs will not be accounting jobs. They will be jobs created for English majors, psychology majors and criminial justice majors. The reason for this is because EY will use the location as a financial services client delivery service center. This means they will be outsourcing back office functions to this location. EY has 6 years to add the jobs in order to receive the tax incentives. The tax incentives could be worth about $3 milion. EY will spend about $ 8 million to finish development and furnish the site. The average salary of the employees working at this location will be $55,000. They will also hire local graduates from San Antonio.

EY Partnerships Ernst and Young blockchain partnership with SAP Leonardo EY is extending its relationship with SAP to build out blockchain solutions on various SAP ERP platforms. The specifics of the partnership are that EY will use SAP’s Leonardo platform. One product that has already been developed is EY’s Ops Chain which is designed to ehlp customers manage their supply chain. It uses smart contracts developed on the blockchain to manage ownership in the supply chain. This is just proof that blockchain is becoming more common in the accounting industry if EY which is one of the largest accounting firms is building solutions with SAP which is one of the largest accounting ERP developers. It’s only a matter of time before every ERP is in the cloud and has many blockchain solutions. EY forms tax partnerships with Concur

EY has partnered with Concur which is also an SAP company. Concur is the world’s leading provider of travel, expense and invoice management solutions. The solution that EY and Concur have teamed up to build will allow business travelers manage real time immigration and tax assessments. It will capture all the relevant data within concur. The main offering here is Concurs technology with EY tax and immigration technology and knowledge. This will allow business travelers to see their immigration and tax obligations that results from their travel before they travel. Frequently Asked Questions about Ernst and Young

1. What is Ernst and Young? – Ernst& Young PVT LTD is a professional services firm that primarily focuses in accounting and more specifically the auditing of various companies’ financial statements. 2. How many employees does Ernst and Young have? – As stated above, Ernst and Young had 212,000 employees as of 2015 and 231,000 as of 2016. 3. Who is the CEO of Ernst and Young? – The CEO of Ernst and Young is Mark Weinberger. 4. Ernst & Young lines of service – Ernst & Young has tax, assurance, and advisory lines of service. 5. What does Ernst and Young do? – Ernst & Young LLP is primarily an audit firm which means they are responsible for auditing the financial statements of various companies. They also offer tax services and consulting services to their clients. 6. Who audits Ernst & Young? Ernst & Young is audited by the PCAOB. The PCAOB stands for the Public Company Accounting Oversight Board. 7. Where can I find the Ernst and Young Stock Price? Many people ask about the Ernst and Young stock price or the Ernst and Young share price. Unfortunately, Ernst & Young is not a publicly traded company, so it does not have a stock price. 8. Ernst and Young Fortune 500 ranking – Ernst and Young did not make the Fortune 500 ranking in 2015.

SERVICES  TAX

Tax function operations For today’s tax function to be fit to operate in the future, it has to be connected. EY’s Connected Tax offers both a blueprint and a business platform for building a future-proof tax function that can help you respond to demands.

If your organization is looking to drive value, manage costs and mitigate risk, EY Connected Tax can help you design and implement the effective means of operating a business tax function. We help define what it means to operate “best in class” and “best in cost,” with a blueprint for dividing functional activities to reach the desired result — from technology to talent. We have both a blueprint and a business platform for building the kind of futureproof tax function that helps you respond to demands, while also laying the groundwork for a transformed tax function fit for ongoing change.

Tax planning Today’s tax planning blends technology and business acumen to focus on consistency, compliance and the organization’s strategic objectives.

Careful tax planning is critical for business success in an unpredictable global economy. Tax planning is also necessary for individuals who face their own challenges owning, managing and preserving businesses and wealth in a complex regulatory environment.

Tax accounting and risk advisory services Our professionals help you get the numbers right by preparing tax accounting calculations, researching technical issues and reviewing transactions, accounting entries and adjustments that may have tax consequences.

Tax compliance Complying with tax laws and regulations that are constantly changing is a challenge. We can help from tax filing to tax planning.

For global businesses, accurate tax compliance is an instrumental piece of the tax puzzle. Getting this piece right is increasingly complicated because of the rapid pace of legislative and regulatory change, and the increasing digitalization of revenue authorities. Additionally, staying current on tax developments at the local and national level, while meeting the demands needed for more transparency and financial information, strains the resources of tax departments and further complicates tax compliance. Our network of Business Tax Compliance professionals can help you prepare, manage and execute on tax filings within this shifting regulatory environment.

Tax controversy and policy Cross-border information sharing and aggressive tax enforcement means companies must act to reduce risk, enhance decision-making and promote cost efficiencies. Tax has become increasingly connected — governments are collecting and sharing taxpayer information, and tax changes in one jurisdiction can now trigger changes

across the globe. The result is that tax controversy is evolving from two-sided disputes in specific countries into a multidimensional, multi-country dynamic. Businesses must act so that their people, policies and systems are keeping pace. They need a line of sight into the issues and the potential for future conflicts, as well as a centralized global strategy. Should disagreements arise, having resources that can act as a “bridge” between the tax authorities and the company is essential. Here, you’ll find information to help you navigate this interconnected environment, including leading practices for implementing a globally integrated approach to tax controversy management.

Law We can provide you with the detailed guidance you need to navigate the increasingly complex legal environment of the global economy.

Our lawyers understand the complex tax, regulatory and commercial laws of today’s economy. With our multidisciplinary, one-stop shop approach, we help reduce the gap between business advisors and legal counsel, increasing efficiency and speed to market, while reducing costs. Serving you across borders, our sector-focused, multidisciplinary approach means we offer integrated and detailed advice you can trust. Throughout the service, we take time to understand clearly what matters to you. With centrally managed crossborder teams and single responsible country contacts, our controlled, efficient services can assist your business around the world.

People and workforce Do you change your people, or change the way your people work?

In the face of the disruptive forces changing the working world, organizations need to become much more adaptable to rapid change — and they need their people to be flexible and agile to match, at a time when it’s getting harder to source, manage, motivate and retain talent while controlling costs. EY People Advisory Services professionals can help you effectively harness your people agenda as part of an integrated business strategy. This can translate into competitive advantage by helping you get the right people, with the right capabilities, in the right place, for the right cost, doing the right things.

US tax reform The implications of the US Tax Cuts and Jobs Act don’t stop at US shores. Do you understand the effects on your business?

When the US enacted the first major overhaul of its federal income tax system in more than 30 years, US tax reform became a consideration for all businesses globally. The law ushered in lower tax rates, revisions to the international tax system and other significant changes with widespread business implications. Our insights can help flatten the learning curve and put this legislation into perspective - wherever in the world you work.

 ADVISORY

Emerging technologies The advent of emerging tech is recasting all industries and requires leaders to embrace new capabilities to turn new tech into new competitive advantage.

As stand-alone solutions, many emerging technologies are quite compelling, and adoption rates are accelerating in areas such as robotic process automation and the internet of things. Others, like additive manufacturing, artificial intelligence and blockchain, are still being explored for their potential to deliver business value at scale. As it transforms, your organization can unlock real value through the combination of emerging technologies to provide business impact through convergence. You need to build out capabilities and skills to provide “venture-as-a-service,” and develop agile and dynamic ecosystems to help with the development and implementation of new solutions and business models. Take a look through EY insights on this topic of pressing concern to EY clients.

Big data and analytics Used the right way, data and augmented intelligence can create competitive advantage, re-engineer processes and enhance risk controls.

Technology-savvy organizations, as well as “digital non-natives,” can benefit from analytics and augmented intelligence across all disciplines by using an infusion strategy. Infusion means that by embedding analytics and artificial intelligence (AI) into the very core of your business processes, we can help you drive capital allocation strategies and investment decisions, create an end-to-end digital audit, generate new revenue opportunities, manage risk, conduct investigations, measure financial

and nonfinancial performance, capture tax big data to inform decisions, increase customer satisfaction, and improve the customer experience. Take a look at our insights on how combining issues-led and technology-enabled approaches helps you get to the heart of how organizations can thrive in the digital age.

Customer In today’s world of empowered customers, competitive advantage comes through building trust.

Everywhere you look, technology is transforming customer experiences and expectations, and it’s happening faster all the time. In this fast-paced environment, you need to put customer trust at the center of the entire organization, enabling you to create customer relationships that lead to unwavering loyalty and sustainable profits. EY Advisory helps companies transition to customer-centric business models and become trusted organizations to their customers. Our diverse teams of insights, experience, marketing, sales and service specialists, combined with our global connectivity and understanding of your industry issues, inspire us to ask better questions. We work with you to find innovative solutions that help create transparent and authentic customer experiences.

Cybersecurity If you were under cyberattack, would you know?

In today’s world, every organization is digital by default. And, as many organizations have learned, it’s no longer a matter of if you’ll face a cyberattack, it’s a matter of when. Every asset in your organization is at risk. Attackers can hack indiscriminately or target specific assets, preying on both large and small organizations in the public and private sectors. Exposing the attackers requires defenses that identify each threat, even when it adopts the colors of its target environment. We can help you protect your business by building a cybersecurity foundation, detecting the cyber threats you are facing and responding to a cybersecurity breach. Together, we can help you deliver better outcomes and long-lasting results, from strategy to execution.

Performance improvement Performance Improvement can help your organization achieve its strategic goals — and then sustain that improvement in the long term.

Performance improvement (PI) can help you solve the ever more complex challenges and issues that are prevalent as businesses seek to transform themselves in the digital age. We work with you to reimagine or transform your business purpose and model; create growth; manage cost and efficiency; respond to market pressures and regulation; and resolve operational challenges. The scope of our PI capabilities encompasses innovation, strategy and purpose, through deep functional experience in technology, customer, finance, supply chain and operations, to providing support for your complex and large-scale program and portfolio management. We also routinely combine our capabilities with those of our colleagues in risk, tax, transactions and assurance to design offerings that are unique in the market.

Risk Discover how leading risk management practices create value and a competitive advantage by embracing disruption with trust and confidence.

Successful organizations know that risk can come from every angle — upside, downside and outside — and can be hard to see, anticipate and respond to. But they are embracing these risks, updating their risk functions and sharing risk intelligence to generate fresh value through aggressive innovation that gives them a competitive advantage. The interplay between upside and downside risk is important to understand the longterm decisions being made to prevent risk and how that impacts an organization’s ability to meet its future business strategy and objectives. Learn how best-in-class risk management will create value through driving confidence in achieving strategic objectives and maintaining stakeholder trust.

Strategy In today’s fast-paced world, C-suite and business leaders must truly be effective at driving value creation across their organization.

In today’s complex environment — with a preponderance of data, 24/7 news cycles, volatile geopolitical events and a fluctuating global economy – setting and executing a strategy to optimize the value of an organization has never been more challenging. CEOs need to consider and take bold and transformative steps such as redefining their organization’s purpose, embarking on end-to-end digital transformations, pursuing and optimizing inorganic growth strategies, defining and implementing organic growth strategies, learning how to achieve disruptive innovations,

understanding and acting upon changing customer and market dynamics, optimizing their supply chain and setting their global tax agenda.

 ASSURANCE

Audit Our auditors use their knowledge, skills and experience, along with advanced technologies, to provide audits of high quality.

Audits are the fundamental building block of effective capital markets. Our audit work provides quality, integrity, technical excellence, exceptional service and a broad understanding of financial and nonfinancial factors. High-quality audits enhance trust and confidence in the capital markets and facilitate economic growth. We employ more than 85,000 audit professionals worldwide and offer an analytics-driven audit, powered by leading-edge technology, including our three foundational audit technologies:

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EY Canvas, our global online audit platform

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EY Helix, our global suite of analytics

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EY Atlas, our global cloud-based knowledge platform

Audit quality EY is committed to performing and delivering gl...