EY’s revenue
The firm formally known as Ernst & Young announced its global revenue yesterday and it was $31.4 billion. That’s 6% more than last year’s $29.6 billion, but that’s not stated in the firm’s press release. No, the growth EY shares is 7.8% “in local currency terms” because in EY’s better working world, you report numbers that look better, and 7.8% looks better than 6%, even if it’s not particularly useful. I’ve kvetched about this before, so I’ll spare you the sequel. “It’s clear just that businesses need our services,” Mark Weinberger told The Wall Street Journal. Cue Ron Swanson.
Canada
In this Grant Thornton press release announcing the acquisition of PwC’s Corner Brook, Newfoundland and Labrador practice, the most Canadian thing ever happened:
The acquisition strengthens Grant Thornton’s capability of servicing the assurance, tax and advisory needs of private businesses and family-owned enterprises in the western part of the province. Clients should expect to see the same friendly faces and experience a great level of service – without interruption.
Isn’t that nice? The rest of the announcement suffers from the trite over-corporatized messaging from American communications practices, but I still felt this excerpt of quintessentially Canadian spirit deserved a nod.
Previously, on Going Concern…
As we all crawled back to work yesterday, a reminder that people are still yakking about money. In Open Items, “For those of you who took the CPA exam while working full time, what were your schedules like?”
In other news:
- SEC Chief Wants Investors to Better Understand Cyberrisk
- Research Refutes Sarbanes-Oxley Critics
- The genderless face of accounting bots
- “You either come clean and say those expectations are too high, and suffer the price loss and reputation damage, or you use measures that are within GAAP […] and move into the grey area.”
- The Boston Red Sox used an Apple Watch to steal pitching signs
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