Difference between revisions of "Ernst and Young"
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Just four accounting firms – [[PricewaterhouseCoopers]], [[KPMG]], [[Deloitte & Touche]] and [[Ernst & Young]] – audit 97% of FTSE 350 companies.<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2008/dec/14/credit-crunch-auditing Called to account], Guardian, 14 December 2008</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> | Just four accounting firms – [[PricewaterhouseCoopers]], [[KPMG]], [[Deloitte & Touche]] and [[Ernst & Young]] – audit 97% of FTSE 350 companies.<ref>Prem Sikka, [http://www.guardian.co.uk/commentisfree/2008/dec/14/credit-crunch-auditing Called to account], Guardian, 14 December 2008</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 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, | + | 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> |
==Tax avoidance== | ==Tax avoidance== | ||
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==Lobbying agencies== | ==Lobbying agencies== | ||
| − | *[[Luther Pendragon]] <ref> APPC Register Entry for 1 Mar 2012 to 31 May 2012 | + | *[[Luther Pendragon]] <ref> 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 </ref> |
==Resources== | ==Resources== | ||
| + | *Ernst & Young press release, [http://www.ey.com/UK/en/Newsroom/News-releases/13-02-22---EY-response-to-Competition-Commission-provisional-findings Ernst & Young statement: response to Competition Commission’s provisional findings on its UK statutory audit services market investigation], 22 February 2013. The firm stated that it "strongly disagrees that “the audit market is not serving shareholders”. | ||
==Contacts== | ==Contacts== | ||
Revision as of 04:00, 26 February 2013
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.[1] Although their might is being challenged by mid-tier firms such as Grant Thornton.[2]
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'. [3]
Tax avoidance
The Big Four accountancy firms were behind almost half of all known [tax] avoidance schemes, the Revenue (HMRC) said in 2006.[4]
People
- Chris Sanger is the Global Head of Tax Policy at Ernst & Young, Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) and a former adviser to HM Treasury. He is also a member of the Exchequer Secretary to the Treasury’s Tax Professionals Forum.[5]
- Vincent Oratore is a partner at Ernst & Young, and President of the Chartered Institute of Taxation
Lobbying agencies
Resources
- Ernst & Young press release, Ernst & Young statement: response to Competition Commission’s provisional findings on its UK statutory audit services market investigation, 22 February 2013. The firm stated that it "strongly disagrees that “the audit market is not serving shareholders”.
Contacts
London offices include:
Ernst & Young
Becket House,
1 Lambeth Palace Road
London, SE1 7EU
1 More London Place,
London, SE1 2AF
References
- ↑ Prem Sikka, Called to account, Guardian, 14 December 2008
- ↑ Prem Sikka, Raw dealing, Guardian, 30 May 2007
- ↑ 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/
- ↑ Gilt-edged profits for profession's 'big four', Guardian, 7 February 2009
- ↑ Tax Journal, accessed April 2011
- ↑ 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
