Difference between revisions of "Ernst and Young"

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[[Image:ErnstandYoung_london_building.jpg|400px|right|thumb|Ernst & Young London headquarters‎]]  '''Ernst & Young''' is one of the largest professional services firms in the world and one of the Big Four accountancy firms.
 
[[Image:ErnstandYoung_london_building.jpg|400px|right|thumb|Ernst & Young London headquarters‎]]  '''Ernst & Young''' is one of the largest professional services firms in the world and one of the Big Four accountancy firms.
  
Just four accounting firms – [[PricewaterhouseCoopers]], [[KPMG]], [[Deloitte & Touche]] and [[Ernst & Young]] – audit 97% of FTSE 350 companies in 2008.<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2008/dec/14/credit-crunch-auditing Called to account], Guardian, 14 December 2008</ref>By 2012 this figure had risen to 99 %. <ref> Prem Sikka, [http://www.guardian.co.uk/commentisfree/2012/may/31/auditors-held-account-shareholder-spring  Auditors must be held to account], 31 May 2012 </ref>  Although their might is being challenged by mid-tier firms such as [[Grant Thornton]].<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2007/may/30/rawdealing Raw dealing], Guardian, 30 May 2007</ref>  
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Just four accounting firms – [[PricewaterhouseCoopers]], [[KPMG]], [[Deloitte & Touche]] and [[Ernst & Young]] – audit 97% of FTSE 350 companies in 2008.<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2008/dec/14/credit-crunch-auditing Called to account], Guardian, 14 December 2008</ref>In mid-2012 they audited around 99% of the FTSE 100. <ref> Prem Sikka, [http://www.guardian.co.uk/commentisfree/2012/may/31/auditors-held-account-shareholder-spring  Auditors must be held to account], 31 May 2012 </ref>  Although their might is being challenged by mid-tier firms such as [[Grant Thornton]].<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2007/may/30/rawdealing Raw dealing], Guardian, 30 May 2007</ref>  
  
 
In February 2013 Ernst & Young was recognised as 'the UK’s strongest accounting and business brand in the influential Superbrands annual league table for 2013'. <ref> [http://www.ey.com/UK/en/Newsroom/News-releases/13-02-25---EY-is-the-strongest-accounting-and-business-brand-in-the-UK Ernst & Young is the strongest accounting and business brand in the UK], Ernst & Young press release, 25 February 2013, acc 26 February 2013. See also: http://www.superbrands.uk.com/ </ref>
 
In February 2013 Ernst & Young was recognised as 'the UK’s strongest accounting and business brand in the influential Superbrands annual league table for 2013'. <ref> [http://www.ey.com/UK/en/Newsroom/News-releases/13-02-25---EY-is-the-strongest-accounting-and-business-brand-in-the-UK Ernst & Young is the strongest accounting and business brand in the UK], Ernst & Young press release, 25 February 2013, acc 26 February 2013. See also: http://www.superbrands.uk.com/ </ref>

Revision as of 06:15, 26 February 2013

Ernst & Young London headquarters‎

Ernst & Young is one of the largest professional services firms in the world and one of the Big Four accountancy firms.

Just four accounting firms – PricewaterhouseCoopers, KPMG, Deloitte & Touche and Ernst & Young – audit 97% of FTSE 350 companies in 2008.[1]In mid-2012 they audited around 99% of the FTSE 100. [2] Although their might is being challenged by mid-tier firms such as Grant Thornton.[3]

In February 2013 Ernst & Young was recognised as 'the UK’s strongest accounting and business brand in the influential Superbrands annual league table for 2013'. [4]

Tax avoidance

The Big Four accountancy firms were behind almost half of all known [tax] avoidance schemes, the Revenue (HMRC) said in 2006.[5]

People

Ernst & Young’s Global Tax Policy and Controversy Practice team

As of February 2013 includes recently-appointed, widely-known leaders of tax policy insight including:

  • Dr Jeffrey Owen, Senior Policy Adviser to its Global Vice-Chair of Tax, Dave Holtze appointed in June 2012, was previously Director of the Centre for Tax Policy and Administration (CTPA) at the Organisation for Economic Cooperation and Development (OECD)
  • Steve Bill, former Chef de Cabinet of European Union Commissioner László Kovács from 2006 to 2009.
  • Michael Mundaca, former Assistant Secretary for Tax Policy at the U.S. Treasury from 2009 to 2011, advising Treasury Secretary Geithner on all matters relating to taxation. Prior to his appointment as Assistant Treasury Secretary, Michael served as the Deputy Assistant Treasury Secretary for International Tax Affairs from 2007-2009, during both the Bush and Obama Administrations.
  • Partho Shome is the former Adviser to the Union Finance Minister, India and Chief Economist at Her Majesty’s Revenue & Customs. [9]

Lobbying agencies

Resources

Contacts

London offices include:

Ernst & Young Becket House,
1 Lambeth Palace Road
London, SE1 7EU

1 More London Place,
London, SE1 2AF

References

  1. Prem Sikka, Called to account, Guardian, 14 December 2008
  2. Prem Sikka, Auditors must be held to account, 31 May 2012
  3. Prem Sikka, Raw dealing, Guardian, 30 May 2007
  4. Ernst & Young is the strongest accounting and business brand in the UK, Ernst & Young press release, 25 February 2013, acc 26 February 2013. See also: http://www.superbrands.uk.com/
  5. Gilt-edged profits for profession's 'big four', Guardian, 7 February 2009
  6. Tax Journal, accessed April 2011
  7. Ernst & Young, Ernst & Young partner enters BBC list of UK’s top 100 most powerful women, press release 13 February 2013
  8. Ernst & Young’s European Tax Symposium: highlights – part 1, 14 June 2012
  9. Jeffrey Owens appointed as Senior Tax Policy adviser to Ernst & Young, E & Y press release, Jun 8, 2012, acc 26 Feb 2012
  10. APPC Register Entry for 1 Mar 2012 to 31 May 2012; APPC Register Entry for 1 September 2012 to 30 November 2012, acc 26 February 2013