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January 28, 2023

EY

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EY Germany Gives 40 Partners and 380 Staff the Boot to Boost Profitability After That Whole Wirecard Thing

EY has been tightening the purse strings over the past several months ahead of the big Project Everest split, the vote on which remains delayed and should happen before the end of this quarter. The firm did not hand out mid-year bonuses in December and sources say that travel, training, and even hiring are on […]

an unemployed dog watching TV

Local Accounting Firm Baffled That Desperate Laid Off People Don’t Want to Work There

When big layoffs began in tech last year, accountants everywhere justifiably celebrated for having chosen a career that may not be the most prestigious (or exciting or lucrative…) but will always be in demand. While their employees were quietly boasting about not losing their jobs, it seems EY leadership was waiting in the wings hoping […]

exit sign and stairs

Woman Quits Her Job to Be CFO For Big 4 Business That Doesn’t Exist Yet

Although EY’s 13,000 partners have yet to vote on the audit/consulting split, the firm continues to march ever onward toward separation, announcing in December that Global Chairman and CEO Carmine Di Sibio would head up consulting and US chair Julie Boland will oversee audit. And a few days ago Financial Times reported that EY has […]

EY’s Auditing Has Reverted Back to Being Bad, 2021 PCAOB Inspection Report Shows

Next up on the PCAOB’s hit list is EY, whose 2021 inspection report was released on Dec. 19. The Black and Yellow had been slowly but surely not screwing up as many audits in recent years. After having a not-great audit deficient rate of 31% in its 2017 inspection report, EY’s error rate had dropped […]

a poorly photoshopped image of EY Global Chair Carmine Di Sibio as a king

Carmine Di Sibio Will Be King of Advisory If EY Splits

It was 1985 when Italian-born Carmine Di Sibio joined EY as an auditor, 34 years later he would ascend to global chairman and CEO, a role he continues to occupy today. Soon, he might end up leading the consulting business should the firm’s 13,000 partners vote for a consulting/audit split in a few months. Although […]

empty wallet

EY Dumbly Nixes Mid-Year Bonuses

On a Friday all-hands call, EYers learned not to expect a bonus from Santa this year. This despite EY having its best year in 20 years. In September, EY announced revenue of $45.4 billion for the fiscal year ended June 30, 2022, an increase of 13.7% from prior year and the most year-over-year growth the […]

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Sounds Like the EY Split is Going Forward Whether Partners Want It to Or Not

EY Global Managing Partner Andy Baldwin was on a Reuters Breakingviews podcast recently and in the interview — besides suggesting that other Big 4 firms will follow EY’s lead toward a split despite these other firms saying they have no plans to do that — he made it sound like the split is happening one […]

businessman playing with army men toys

PwC Declares a Poaching War on EY

As EY continues to hammer out the details of the audit and consulting split, PwC has set its sights on adding EY partners to The New Equation. Lots of EY partners. In October, PwC Global Chairman and 2012 Going Concern Hottest Accounting Firm Leader winner Bob Moritz told the Financial Times in no uncertain terms […]

EY office in Sydney, Australia

EY Reports a Rise in Naughty Behavior Now That People Have Returned to the Office

EY Oceania has released its second Value Realised Scorecard — a wide-ranging report on how the firm is doing — and Daily Mail Australia immediately latched on to page 33: Workplace Incidents: DM’s salacious headline “EY rocked by soaring number of sexual misconduct and bullying complaints as big four accounting firm workers return to the […]

help wanted sign

What Shortage? EY Is Supposedly Hiring 220,000 People This Year

According to the horse’s mouth, EY is buried under millions and millions of resumes and on track to hire nearly a quarter of a million people this fiscal year. Bloomberg: EY is on track to hire around 220,000 people in the twelve months to July 2023, having achieved its highest growth in nearly two decades […]

an empty desk

EY Survey Ironically Finds the Four-Day Workweek is the New Standard at Many Companies

According to the latest EY Future Workplace Index survey, many companies are moving toward a four-day workweek thanks in part to competition for talent. The survey reveals surprisingly optimistic attitudes from company leadership on real estate investment despite economic tightening, says the press release, a sign that employers want you back in the office at […]

a lazy auditor

EY Reminds Us That Audits Provide ‘Reasonable Assurance,’ Not a Guarantee That Billions of Dollars Aren’t Hidden From the Balance Sheet

The NMC Health collapse of 2020 is still haunting EY UK, this time in London High Court as NMC administrators accuse the firm of failing in their duties and not noticing “one of the biggest frauds ever alleged at a FTSE 100 company.” The administrators, whose job it is to find some funds to repay […]

a man in business suit giving a thumbs down

EY Israel Has Rejected the Split

Financial Times is reporting that EY Israel is joining EY China in rejecting the proposed split of audit and consulting services. “From our point of view in the Israel business, the split will not create benefits,” said EY Israel Managing Partner Doron Sharabany to FT. EY China’s decision was based on regulatory hurdles that could […]

a hand extended in a handshake

This EY Split Thing is Going to Be Responsible For a Lot of Dinners and Golfing in the Year Ahead

The EY split is yet to be official — that should come late next year after a vote in a few months — but technology consultants that would have to go up against “the competitive edge” of a liberated EY consulting house for clients should get to work now if they want to stand out […]

an Ernst & Young umbrella

EY Is Haunted By Some Lingering Independence Problems

Yesterday the PCAOB made public additional portions of EY’s 2018 inspection report “because the firm did not address certain quality control issues to the satisfaction of the Board within the 12 months following the date of the report.” EY’s 2018 PCAOB inspection report is dated April 28, 2020 and in it, the Board said EY […]

a man in a field with binoculars

PwC Plans to Poach Unhappy Senior Managers From EY

While the pundits are talking about how the EY split could completely change the accounting industry as we know it and inspire other firms to split once they see the truckloads of cash pulling up to EY partners’ houses, one industry vet is perched at the periphery with a stack of offer letters just waiting […]

EY stress balls

EY UK Chair Insists Audit Will Not Be the Red-Headed Stepchild of Professional Services if the Split Goes Forward

For years, audit has struggled to attract talent and especially leadership because let’s be honest, audit is awful. You’re clients least favorite person, you have regulators breathing down your neck, and one little mistake can ruin your whole career. Plus the pay is…not great compared to other service lines. EY UK Chair and Managing Partner […]

EY Basks in the Glory of Third-Place Revenue (Maybe for the Last Time) in 2022

The Big 4 firm with a split personality officially announced today its fiscal 2022 revenue of $45.4 billion—a figure we knew several weeks ago thanks to the Financial Times. EY has always seemed perfectly fine with being the third biggest accounting firm in the world by revenue, knowing it’ll never catch PwC for second place […]

a bucket of coins

EY Might Not Make Buckets of Money From This Split Thing After All

The Wall Street Journal has an article today suggesting that the EY audit/consulting split may not be the big money pay day EY is banking (heh) on. Why? Consulting is a competitive market and the economy isn’t looking so great these days, and EY’s separated consulting biz will not necessarily have the brand recognition in […]

EY China: We Are Not Splitting, Sorry

The Financial Times was one of the news outlets that reported last week about EY China saying it wasn’t going along with Carmine Di Sibio & Co.’s plans to split EY into separate auditing and consulting entities. Not because EY partners in the firm’s Mainland, Hong Kong, Taiwan, Macau, and Mongolia offices don’t wanna become rich […]

EY HAS BIG NEWS, YOU GUYS

This announcement is the most exciting thing since…uh…yeah, I got nothing. Anyway, the EY split is official. The vote, that is. “EY leaders have reached the decision to move forward with partner votes to separate into two, distinct, multidisciplinary organizations. The next steps include ongoing engagement with partners to provide them with more information in […]

Some Folks at EY Spent Labor Day Working Out the Details of the Audit/Consulting Split

The Wall Street Journal is reporting that the EY split is moving forward thanks in part to the big wigs getting together over the holiday weekend to hammer out the plan. Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for […]

EY Staffers Feel Left in the Dark After Death of Their Colleague Last Weekend

In the early hours of last Saturday, the body of a 27-year-old woman (note: she was incorrectly identified as 33 in early reports) was found at EY’s Sydney office and since then, questions have been raised about the events of the final hours of her life. Most reports say she went out for drinks with […]

Did the SEC’s Acting Chief Accountant Have EY in Mind When He Wrote This?

The Australian Financial Review reported today that EY had hoped to temporarily share the EY brand name between a new independent consulting firm and its existing auditing firm if a decision is made to split the two businesses into separate entities. But according to a statement this week from SEC acting chief accountant Paul Munter, […]

A 27-Year-Old Woman Working For EY Died at the Office Over the Weekend in Australia (UPDATE)

Ed. note: the earliest reports identified the woman as 33 years old, this has now been corrected to 27 based on new information. Tragic news coming out of Sydney, a 27-year-old woman working for EY died at the office over the weekend. The original Australian report is behind a paywall so we’re getting some details […]

EY Gone Wild? 1200 Rowdy EYers Are Partying Like It’s 1999 in the Netherlands

A tipster has directed us to some news coming out of the Netherlands this week that otherwise would have flown under our radar so thanks for that, tipster. The tip: 1200 Scandinavian employees of EY partying in a beach hotel in the Netherlands. OK that sounds tame enough, how much trouble can 1200 EYers cause? […]

Here’s the Deck EY Put Together to Sell the Audit/Consulting Split to Staff

Australian Financial Review has published slides shown to EY staff in a July global webcast led by Carmine Di Sibio and in them we learn more about EY’s plan — code-named Project Everest — to split off consulting and audit. First up, the why. “The transformative forces reshaping professional services are evolving at unprecedented speed and […]

Compensation Watch ’22: Here’s Everything We Know About EY Raises and Promotions

First it was Deloitte, then PwC, and most recently EY that waded into the Big 4 compensation discussion waters with its employees. We’ve written quite a bit over the past several months about EY being the only Big 4 firm that didn’t give its grunts a mid-year salary adjustment. But Uncle Ernie did make one […]

Let’s Take a Quick Tour of EY’s Metaverse Space (It Doesn’t Suck)

When the first glimpses of KPMG’s metaverse space appeared earlier this summer, my first thought was how much it looked like first-person shooters I played 20 years ago. I was also struck with a sense of deja vu, it looked oddly similar to the Maryland Association of CPAs’ CPA Island in Second Life which existed […]

This EY Canada Recruitment Video Said ‘Belong’ So Many Times the Word Lost Its Meaning

You ever repeated a word so many times in a row the word becomes alien? Belong. Belong. Belong. Belong. Belong. Belong. Belo…..

EY Is Leaving $10 Billion in Consulting Fees On the Table If It Doesn’t Split, Says Global Chairman Carmine Di Sibio

In comments to Financial Times, EY Global Chairman and CEO Carmine Di Sibio says splitting consulting and audit “would win its consulting division up to $10bn in extra fees by liberating it from conflicts of interest that block partnerships with the world’s largest tech groups.” Those consulting fees are as yet out of EY’s reach […]

EYers Are Waking Up to Overdrafts This Morning Due to a Serious Payroll Snafu (UPDATED)

We’re learning this morning that folks at EY will not be getting lunchtime DoorDash today, their paychecks from last Friday have been unceremoniously yeeted from their bank accounts. Per a tipster: There’s a payroll snafu of some sort at EY and seems just about everyone had their payroll reversed. Mass panic and overdrafts. And a […]

EY Continues Streak As Big 4’s Busiest Audit Firm

EY has had a few firsts in recent years: first Big 4 firm with unlimited PTO, first audit firm to get a $100 million fine from the SEC, first Big 4 firm to compare men and women with waffles and pancakes, and first place among the Big 4 in public company audit clients for the […]

Promotion Watch ’22: EY Admits 1,033 New Partners Across the Globe

Move over, EY new partner class of 2021. There’s a much larger class of brand-new rainmakers at the firm this year: The EY organization announces that 1,033 people have been promoted to partner across the globe, the largest ever cohort of new partners. Women and the Assurance service line represent 32% and 33% of this […]

Let’s Bid EY U.S. Chair Kelly Grier a Fond Going Concern Farewell

Today is Kelly Grier’s last day building a better working world. So in honor of her retirement, we wanted to take a look back at KG’s career at EY, especially the last four years as the firm’s U.S. chair and managing partner and Americas managing partner, and all the fun Kelly Grier moments (fun for […]

facepalm statue

This 5 Year Old Fishbowl Thread About EY WBLs Aged Badly

“In real life you’re allowed to use other teams work papers, google, etc. there’s no difference” Digging around a bit for shits and gigs I found this, which was posted on Fishbowl five years ago: I know you’re just dying to hear what the Kool-Aid chugger EY6 said. Here you go: LOL. Full discussion on […]

distracted boyfriend meme

How Exactly Did EY Auditors Cheat on CPE Exams? Details From the SEC Order

With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams? This post will be long so we’ll get deeper into the CPA ethics portion of […]

a confused man

EY New Hires Are Gonna Have a Tough Time Getting Straight Answers From Reddit For the Time Being

In case you’ve been in a 24 hour coma and missed the news, we heard yesterday of an EY cheating scandal that led to the SEC slapping them with a $100 million penalty, the largest ever imposed by the SEC on an audit firm. Well Reddit certainly didn’t miss the story. Good luck to any […]

EY Auditors Cheated on Ethics Exams and Tried to Cover It Up, Will Pay a Record Fine for Naughtiness

Well this is bad. The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. From the SEC news […]

An EY Tax staff with no money

Former EY Partner Calls Newly-Released Tax Salary Data “Disturbingly Low”

Australian Financial Review said this morning they are in possession of tax salary data that EY is providing to some of its teams internally: Staff in EY’s tax division have learnt for the first time the salary ranges paid for graduates, consultants, managers and directors as part of a pay transparency drive at the big […]

Blue KPMG signage at entrance to their offices in Canary Wharf

KPMG CEO Pats His Firm on the Back For Being So Behind the Times, Roasts EY While He Does It

Sky News has obtained part of an internal memo KPMG Global Chairman and CEO Bill Thomas sent to firm partners earlier this month in which Mr. Thomas turns his nose up at EY’s plan to split consulting and audit practices. Some choice quotes from the memo: We are a partnership that has been strong and […]

EY Throws a Fit When Your Job Circumstances Change

I got an offer in a corporate role and turned in my two week notice at EY. Everything was fine: HR treated me well and wished me luck in the next chapter of my career. However, on my LAST DAY at EY, the new company rescinded their offer for reasons that I won’t get into […]

Partners Stand to Make Millions (Maybe) If EY Breaks Up

The big hurdle in EY’s plan to split audit and consulting lies in whether or not its partners want to take the risk per earlier Wall Street Journal coverage in which people familiar with the matter told WSJ its roughly 12,000 partners will need to vote to approve the spinoff. Well according to this it […]

EY Puts Its Money Where Its Mouth Is on Audit Quality With a Technology Investment

EY announced today it is making a $1 billion investment in audit technology just weeks after WSJ reported that the firm is in the process of splitting its audit and consulting arms. $13.6 billion of EY’s $40 billion global revenue last year came from audit. From EY: EY today announces an investment of more than […]

ey orlando

You Know Things Are Bad at EY When Its US and Global CEOs Are Beefing

We now know the reason, courtesy of the Financial Times, why Kelly Grier decided not to seek a second term as EY US chair and managing partner and Americas managing partner. Apparently there’s no love lost between her and Carmine Di Sibio, EY global chairman and CEO. FT reported today: The head of EY’s US […]

EY Chairman Carmine Di Sibio interviewed at Davos

Young People Want to Return to the Office Says Old Guy Who’s Never Spoken to a Young Person

EY Global Chairman and CEO Carmine Di Sibio is out here making some wild claims, namely that EY’s 20-somethings are eager to get back to the office. From CNBC: In the tug of war between returning to the office and working from home, Ernst & Young (EY) CEO and Global Chairman Carmine Di Sibio falls […]

RIP Norah Bruther, EY Senior Associate Who Was Killed By Alleged Drunk Driver

Funeral services were held this past weekend for 23-year-old Norah Bruther, an EY assurance senior associate from New Jersey who was struck and killed by a vehicle on May 7 while on vacation in Arizona. NJ.com reported: Norah Bruther was hit by a car around 1:30 a.m. Saturday while trying to cross Camelback Road near […]

The Fortune 100 Best Companies to Work For: EY #52 (2022)

Coming in at No. 52 on the 2022 Fortune BCTWF is the ol’ Black and Yellow. EY has made quite a few head-scratching, unpopular decisions over the last couple of years, but here they are on the BCTWF for the 24th time in the ranking’s 25-year history. While doors will open for someone with experience […]

Former EY Consultant Won LinkedIn Today

Remember last week when EY tried to convince all of us that employees prefer empathetic leadership over raises and promotions? LOL, good one EY. Anyway, Brandon Hall, founder and managing partner of Hall CPA in Raleigh, NC, who was a senior consultant with EY earlier in his career, knew the empathy-over-raises social media post from […]

a happy man smiling

The Thing Workers Want Most Is Not Better Pay But Empathetic Employers Says Employer Unwilling to Pay You More

Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. […]

This Might Be the Reason Why EY Employees Did Not Get a Mid-Year Salary Adjustment

Let’s wildly speculate as to why EY was the only Big 4 firm not to give their employees some sort of mid-year raise. You might recall that EY leadership told their people the reason why they didn’t give out salary adjustments is because the firm is already the market leader in salaries among the Big […]

In Honor of International Women’s Day, Let’s Recall Some Important Rules For Women In the Workplace

Happy International Women’s Day, everyone! Yes, even you men. Actually, especially men. We’re counting on you all to lead the way and set a good example for those among you who may not have gotten the memo that women contribute so much more to society than clean dishes. Even something small like recognizing the achievements […]

Here Is What PwC Russia and EY Russia Said About Being Ousted From Their Big 4 Firm’s Global Network

The dust hadn’t even settled before PwC Russia and EY Russia released statements on their respective websites about being told they were no longer part of the global networks of PwC and EY due to Russia’s war with Ukraine. The statements from PwC Russia and EY Russia are pretty much what you’d expect—acknowledging they were […]

EY Joins Big 4 Exodus From Russia

In the span of 24 hours or so, we’ve gone from the Big 4 practically saying nothing about separating themselves from their member firms in Russia over the country’s attack on neighboring Ukraine to three of the four—PwC, KPMG, and now EY—saying their affiliates in Russia would be leaving their global networks. EY released the […]

One Big 4 Firm Wishes All the Ladies a Happy National Pancake Day

Today is National Pancake Day, and in order to build a better working world, EY (probably) thinks that it should include this recipe for “Brain Booster Pancakes” for all the women whose brains are “6% to 11% smaller than men’s” and “absorb information like pancakes soak up syrup so it’s hard for them to focus.” […]

Compensation Watch ’22: EYers Should Expect Raises to Hit Their Bank Accounts Come August

EY sent out a very ambitious, repetitive email to its loyal US grunts yesterday that can be summed up in one short statement: here’s some money so you people stop complaining. Will it be enough to stop the bleeding at this particular Big 4 firm and keep warm bodies in their chairs? Time will tell. […]

EY Has Picked Kelly Grier’s Successor As US Chair and Managing Partner

EY today confirmed the news we broke in October that Kelly Grier would not seek a second four-year term as US chair and managing partner and EY Americas managing partner. The person who will step into that role later this summer is Julie Boland, current EY vice chair and managing partner of the firm’s Central […]

EYers, What Would Your Candy Heart Message Be to EY On Valentine’s Day?

EYers, can you feel the love your employer has for y’all in this post on Instagram today? Awww, so sweet. Do you have a sweet message in return for EY? Eh, probably not. They would probably be more along the lines of: I Quit EY Sux Mo’ Money #1 PTO W&P (Waffles & Pancakes) or […]

Compensation Watch ’22: It Appears EY Employees Who Work In FAAS (Only?) Are Not Getting a Salary Adjustment (UPDATE)

[UPDATE] If this is the script Kelly Grier is giving her managing partners to tell their staffs about EY being the market leader in salaries among the Big 4, I unfortunately don’t see any type of mid-year salary adjustment coming for you guys and gals. This was a tip we got last night on what […]

EY Poaches Someone From KPMG and Issues a Press Release, Parts IV, V, VI, and VII

EY-Parthenon recently lured four people away from the Queen’s KPMG, three of whom were added to the partnership and one hired as a director. Akif Jawaid joined EY-Parthenon in the UK as a partner on EY-P’s private equity team. He previously was a partner and global head of private equity (Strategy Group) and the UK […]

Don’t F*ck Up, EY Luxembourg Recruits, or Erny Is Gonna Get Ya

About 150 new hires at EY in Luxembourg got quite the scare when they walked in the building on their first day of work Jan. 7. The post from EY should have instead said, “We kicked off 2022 with some weird-ass vibes …” Anyway, happy Friday.

How Much Is An EY Shirt Selling For At TJ Maxx These Days?

About as much as a first-year at EY makes an hour during peak busy season. Related article: How Much Do You Think a KPMG T-Shirt Costs at Goodwill These Days?

A Few EY Partners Didn’t Get the Auditor Independence Rules Right

The SEC on Dec. 10 decided that two EY partners and one principal didn’t take the auditor independence rules seriously and doled out a few fines and sanctions. And like many of these auditor independence violations that get firms in hot water with the SEC or the PCAOB, the flagrant rules bending by EY had […]

PwC Poaches Someone From EY and Issues a Press Release, Parts IV and V

There has been some crazy poaching news recently—no, not in the Big 4 but in college football. USC poached Lincoln Riley from the University of Oklahoma to be its next head coach, which was then followed by Brian Kelly bolting Notre Dame for the SEC (no, not that SEC) to become LSU’s new coach and […]

KPMG Poaches Someone From EY and Issues a Press Release, Part VIII

Just like our waistlines over Thanksgiving weekend, the tax practice at the Queen’s KPMG got larger earlier this month with the addition of three new partners. Candice Nichol, a tax lawyer with 14 years of experience, joined KPMG as a deal advisory tax partner in London from international law firm Simmons & Simmons, while Justin […]

a remote highway and mountains

EY Global Chairman Carmine Di Sibio Warns Zoomers Their Careers Are Screwed If They Stick to Remote Work

EY Global Chairman Carmine Di Sibio wrote a piece for Quartz recently on how young professionals can navigate today’s hybrid work environment (well, his communications team did anyway) and we found a few bits particularly noteworthy for early-career accountants eager to get ahead in today’s, uh, interesting work environment. You might want to grab a […]

Just Think, An EY UK Partner Was Allowed to Keep His Job After (Allegedly) Telling a Female Co-Worker This (UPDATE)

[UPDATE] Neil Hutt quit or was forced to resign or whatever. Point is, he no longer works at EY in the UK. From the The Times of London on Nov. 13: EY, the Big Four accountancy group, has accepted the resignation of one of its partners, who told a female trainee “I’m going to f*** […]

EY Poaches Someone From PwC and Issues a Press Release, Part VII

Rebecca Rennison recently entered the Big 4 transfer portal as a director at PwC UK and exited as a partner at EY. EY recently announced Rennison and Richard Pulford as its most recent senior hires in the firm’s Manchester corporate finance team, according to Insider Media: Rebecca Rennison also joins EY with more than 20 […]

ey orlando

EY Pats Itself On the Back For Not Blowing As Many Audits As Before

Last month the PCAOB teased the results of its 2020 inspection reports by saying audit firms were getting better at not being awful at auditing. From the PCAOB’s Staff Update and Preview of 2020 Inspection Observations: For the majority of the annually inspected audit firms, we identified fewer findings in 2020 compared to our 2019 […]

Big 4 Item of the Week on eBay: EY Pedometer

All you health nuts and fitness freaks who spend each and every day building a better working world can hop on over to eBay and purchase this unused EY pedometer. Unshackle yourself from your desk and bust out this black and yellow step-counter the next time you walk to the break room or take that […]

This Probably Didn’t Go Over Too Well With Many Grunts At EY

“I was just talking to our team in terms of the importance of people, the importance of being empathetic, the importance of making sure that we’re taking care of our people. And, you know, we talk to our clients about this all the time. We’ve actually hired 115,000 people in the last year, but we’ve […]

EY US Chair Kelly Grier Will Not Seek a Second Term

Kelly Grier, EY US chair and managing partner and Americas managing partner since July 2018, announced during an all-hands call this morning that she will not pursue a second four-year term. A tipster told us that Grier said “it was a personal decision and had nothing to do with the strength of the firm.” Her […]

Here’s a Cringey EY Rap Anthem to Begin Your Workweek

Happy Monday, GC faithful. One of the things we here at GC headquarters have enjoyed sharing with you through the years are horrible anthems about Big 4 firms. Who can forget such classics as “Making an Impact That Matters” about Deloitte, “EY Anthem,” and “Your Worlds, Our People” about PwC. These sound like the songs […]

Someone at EY Had an Axe That Needed Grinding On Their Way Out the Door

On Oct. 7, someone on the way out the door at EY decided now was as good a time as any to air those final grievances and perhaps warn those who hadn’t yet experienced the full force of “bad fit” just what happens when you don’t fall in line. It’s posted on Reddit and the […]

EY Poaches Someone From PwC and Issues a Press Release, Part VI

We have some Big 4-on-Big 4 poaching action in America’s Hat, as EY of the Canadian variety recently nabbed a partner from PwC. A new partner in EY’s Financial Services practice, Biswajit Das bends over backwards to provide CIO and COO advisory services for the Big 6 banks, insurance players, asset management firms, and large […]

EY Poaches Someone From KPMG and Issues a Press Release, Part III

Finally we have some Big 4-on-Big 4 poaching action here in the good ol’ US of A to write about, even though it involves a lateral move. After an 11-year stay at the House of Mickelson as a principal, Mitch Kenfield has joined EY’s Consulting practice in the same role. He announced his recent departure […]

Compensation Watch ’21: Did EY Redeem Itself In the Eyes of Their Employees? (UPDATE)

(Updated post from Aug. 18 with a comparison of average raise percentages per promotion from 2018 and 2016.) 2020 was a pretty ugly year for the Black and Yellow—and especially for EY employees. Let’s recap, shall we? No performance-based bonuses. Raises only to those who received a promotion. Lots and lots of layoffs. Unlimited PTO; […]

Here’s the Truth About What Really Happens at EY’s Neuro-Diverse Center of Excellence From Someone Who Was There

Ed. note: the following is a first-hand account of one person’s experience at the EY Neuro-Diverse Center of Excellence. The author has requested to be anonymous. On Saturday Night Live last March, Elon Musk came out on national TV as having Asperger’s syndrome. For the neurodiverse, this event was momentous not only because Musk hosted […]

EY Rakes In $40 Billion In Global Revenue, Will Try Not to Suck So Much At Auditing

A day after Deloitte got the Big 4 revenue boasting season rolling yesterday, EY announced today that it pulled in a “solid” $40 billion ($39,959,000,000, to be exact) in revenue for the year ending June 30, a 7.3% increase over 2020’s $37.2 billion. But aside from all the patting each other on the back for […]

EY Is Helping Its Broke Interns Get Their 150 Credits

In the war for talent, it’s not (imaginary) prestige or ping-pong tables that will win the battle but cold hard cash. Or, in this case, a little help with what is often a costly and time-intensive venture for future CPAs. Last week, EY announced their new Career Path Accelerator, the TL;DR of which is an […]

EY UK Sheds Some Pounds Because An Audit Partner Messed Up Big Time

The UK’s audit cops were itchin’ to dole out some discipline today, and the butts that were paddled belong to ex-audit partner Mark Harvey and his former employer EY. The Financial Times reported: Accounting firm EY has been fined £2.2m and issued with a severe reprimand for failings in its audit of Stagecoach, the London-listed […]

What In the Name of Kelly Grier Is This Nonsense!?

Yeesh. Hope they pick you, my guy!

ey orlando

EY Learns the Hard Way Not to Screw Around with the SEC’s Auditor Independence Rules

Back on Aug. 12, 2019, Bubble Wrap maker Sealed Air Corp. disclosed in an 8-K that it had fired EY as its “independent” registered public accounting firm and stated that it had hired PwC. OK, no biggie, the auditor carousel is always going round and round in the Big 4. But the most interesting tidbit […]

EY Thinks Its Women Can Make or Break Their Careers On the Golf Course

It’s been years since the show ended but I started a rewatch of Mad Men recently, and when I came across the article I’m about to share with you, I couldn’t help but think of a particular scene. This episode aired 13 years ago (yikes) so I’m hoping none of you will need a spoiler […]

EY Is Building an Even Better Better Working World With Its Expanded Neurodivergent Hire Plans

In April of this year, EY announced the launch of its Boston Neuro-Diverse Center of Excellence, the sixth of its kind EY has opened in the United States since launching the program in the mid-2010s. You see, it turns out that many — not all, but many — neurodivergent individuals are particularly excellent at data […]

PwC Poaches Someone From EY and Issues a Press Release, Part III

Hundreds of people have bolted EY to join PwC in different locations around the world the past dozen years but this is only the third time one of those moves has been documented on this here website. So congrats to Mike Holford for being the subject of this most recent “PwC Poaches Someone From EY […]

KPMG Poaches Someone From EY and Issues a Press Release, Part VII

Another day, another EYer getting poached by KPMG. This time Marlon Richardson (pictured left) has departed the Ernstiverse to join the partnership at KPMG U.K. The website Energy Voice reported: The “big four” accountancy firm KPMG has appointed a former oil and gas partner at rival EY to its energy practice. Marlon Richardson spent seven […]

Promotion Watch ’21: EY Admits 830 New Partners Worldwide

Big promotion announcement today at EY on the eve of its new fiscal year: the firm admitted its largest-ever new partner class: The EY organization announces that 830 people have been promoted to partner across the globe, the largest ever cohort of new partners. Women and audit represent 34% and 26% of this year’s new […]

Deloitte Poaches Someone From EY and Issues a Press Release, Part III

Across the pond, Deloitte recently announced that it had promoted 79 Green Dotters to partner, an increase of 18% over last year. Of those new partners, 24 are women. Unfortunately, Deloitte U.K. didn’t release the names of its new chosen ones, but presumably Nicola Wright’s name would have been on that list. Wright got her […]

EY Global CEO Carmine Di Sibio Spotted at Tonight’s New York Islanders Playoff Game

A tweet tonight from ESPN senior NHL writer Greg Wyshynski: Wow #JerseyFoul pic.twitter.com/d9XDWuWlts — Greg Wyshynski (@wyshynski) June 9, 2021 OK, so it’s likely not Carmine. But Adrienne and I can’t figure out why the hell somebody would pay good money to have that name stitched on the back of their Islanders jersey. I said […]

KPMG Poaches Someone From EY and Issues a Press Release, Part VI

Poaching season never rests, especially in the U.K. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” Ian Wood can get his old KPMG coffee mug out of storage because he’s back at where it all began, this time as part of the firm’s Energy Lead Advisory team. According to a press […]

EY Just Bought Some Really Expensive Pancakes

In late 2019, we learned that EY thinks women are a bunch of dumb sluts who need to be told to cover up the goods in a professional setting, so much so that a day-and-a-half long “leadership seminar” held at the firm’s Hoboken office in 2018 focused intently on this bit (er, their bits?). HuffPo […]

EY Poaches Someone From Deloitte and Issues a Press Release, Parts III and IV

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” EY has added a couple of ex-Green Dotters to its partnership ranks in the U.K. and Australia. David Bowen announced on LinkedIn in early May that he would be leaving Deloitte U.K. to become a partner and lead EY’s family office advisory services […]

EY’s Europe Restructuring Is Just ‘Rearranging the Deckchairs on the Titanic’

“This is rearranging the deckchairs on the Titanic. To regulators, they have always been giving warnings that if you close one down, we will be the Big 3 – so leave us alone, as we are ‘too big to fail’. Fundamentally, it’s the leadership culture and aggressively commercial model of these firms which is broken […]

EY Learns That LGBT People Just Want to Collect a Paycheck Like Everyone Else

June is soon upon us which means rainbows slapped across corporate social media pages far and wide as a way for companies to say “hey, we’re OK with gay!” Which, I mean, that’s cool and all but maybe we’ll achieve a point in our lifetimes where people of all backgrounds can feel welcome and accepted […]

EY Poaches Someone From Deloitte and Issues a Press Release, Part II

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to London where Jill Trafford finally got an invitation to participate in games Big 4 partners play. She announced her promotion at EY on LinkedIn earlier this month: With EY dangling a promotion to partner, Trafford decided to dip from her […]

Hywel Talks Hybrid At EY U.K.

“We have championed flexible working for many years prior to COVID-19 and we will continue to do so. This has been built on a culture of trust with our people. We also believe there will always be a need for EY to have office space across the U.K., but how we use our offices in […]

EY Had An Office In Gaza Media Tower Leveled By Israeli Air Strike

Thanks to a tipster who sent us a link to a Facebook post from Saed Abdallah, a partner at EY Palestinian Authority: The missile strike on the 12-story al-Jalaa building in Gaza City was carried out by Israel because it claimed the building was also used by the Islamist militant group Hamas. The building, which […]

Due to a Lack of 12-Year-Olds to Run This By, EY Israel Totally Missed the Double Entendre In This Brochure

*snort* Via the tip box: You can’t make this up! I don’t know if a double entendre was intended, but it definitely raises questions. Some have been commenting, why can’t there be penetration and protection?

Bonus Watch ’21: EY UK Is Paying Employees a ‘Lockdown Bonus’ Even Though It May Encourage a Dreaded Entitlement Mentality

At the end of March, the Queen’s Deloitte announced in a firm-wide webcast that thanks to employees’ hard work and determination throughout the pandemic the firm would be giving them up to £2,000. You know, as a way to say “hey, sorry we had to cut back when the panini scared the shit out of […]