October 20, 2020

E&Y

Question of the Day: Is EY the New KPMG?

For as long as I can remember, KPMG has always been the butt of Big 4 jokes: Big 3 + KPMG, a golf apparel company masquerading as a Big 4 firm, the red-headed stepchild of the profession, always a bridesmaid and never a bride, Scott London, Caleb worked there, etc. But with the whole “pancakes […]

Layoff Watch ’20: EY Ireland Is Letting Go of 36 Non-Client-Facing Staffers

Let’s see, since the start of the pandemic, EY has done performance-based separations layoffs in Canada, Israel, Mexico, and, of course, the U.S. Now we can add Ireland to the list. This just hit our tipline: Not as impressive as the few hundred pink slips being given out across the US, but it was announced […]

EY Changes Its Vacation Policy, Oh and BTW They’re Not Paying Out Accrued PTO If You “Leave”

In a nationwide email to staff today, EY announced that they’re tweaking their vacation policy. Although it’s framed as a switch to “flexible” time-off, the biggest change is that — excluding states in which this practice is illegal — the firm will not be paying out accrued PTO to individuals who leave or are fired […]

Here’s the Latest on Tina Frost, the EY Accountant Shot During the 2017 Las Vegas Massacre

Tina Frost (right) pictured with her mother, Mary Watson Moreland. As we approach the third anniversary of the awful mass shooting in Las Vegas during the Route 91 Harvest Festival outdoor country music concert, the family of Tina Frost provided an update a few weeks ago on her recovery. Frost, an accountant with EY in […]

Wirecard Drama of the Day: EY … Y U No Listen to Whistleblower?

A new Financial Times report once again makes EY look completely incompetent as the auditors of the ill-fated German payments company Wirecard: EY was warned in 2016 by one of its own employees that senior managers at Wirecard may have committed fraud and one had attempted to bribe an auditor. The revelation that an EY […]

Rumor of the Day: A Big 4 Firm Picked Up an Out-of-This-World Audit Client

From the tipline yesterday: EY just won the NASA audit. Well that’s a pretty nice get for the Black and Yellow. Our source didn’t have much more info to share other than (s)he found out during a Government and Public Sector call on Wednesday and that EY prevailed in the competitive bidding process. So which […]

ey orlando

Layoff Watch ’20: Apparently It’s Doomsday for Some at EY (UPDATE)

[Updated on Sept. 23 with additional information.] EY management stuck to their narrative today that the recent layoffs at the firm aren’t layoffs but performance-based separations that were justified, even though many of those who have contacted us after losing their jobs said they weren’t on any type of performance improvement plan. First, before EY […]

Wirecard Drama of the Day: EY Is Bleeding Audit Clients In Germany

Earlier this month, Commerzbank, Germany’s second-largest lender, and DWS Group, Deutsche Bank’s asset-management arm, both decided against using EY Germany as their auditor because they were freaked out by how bad this Wirecard accounting scandal has become. This was followed by EY Global Chairman and CEO Carmine Di Sibio sending a letter to clients, expressing […]

EY Employees Don’t Have to Work with Pants On Until January 2021 at the Earliest

We meant to post this a few weeks ago, but with the layoffs, angry letters about the layoffs, FY 2020 global revenues, and new partner promotions at EY taking up a lot of our time of late, this got put on the back burner. Thanks to a source, here is the return-to-the-office update from Jay […]

Layoff Watch ’20: EY Canada Job Cuts Are Underway (UPDATE)

[Updated on Sept. 15 with additional information.] While EY in the U.S. is continuing to tell people in its tax, risk, and assurance practices that their services are no longer needed, we’ve been told that a second round of layoffs has begun in Canada, particularly in Ontario. A source said: Another round of firings has […]

An Open Letter to EY Management

Ed note: An EY employee who wished to remain anonymous asked us to post this letter to EY management regarding the recent layoffs at the firm because “management tends to ignore our questions when we raise them internally.” Here is the letter: Integrity and honesty are the foundations of public accounting. With great trust, the […]

EY Won’t Let a Mere 2.3% Increase In FY 2020 Global Revenue Ruin Its Thursday

The second contestant in the Big 4 global revenue pissing match came out with its FY 2020 financial results today, and EY continued to exert its dominance of third place. The Black and Yellow announced global revenue of $37.2 billion for the fiscal year that ended June 30, a 2.3% increase in U.S. currency terms […]

Promotion Watch ’20: EY Canada Adds 20 New Partners and Principals

Because we recognized the newest partner classes at PwC Canada (under somewhat shady circumstances) in July and Deloitte Canada yesterday, we thought we’d do the same for the brand-new rainmakers at EY Canada. EY’s new partner/principal class is the smallest of the three firms, coming in at 20. Here are a couple other stats of […]

Promotion Watch ’20: EY Adds 133 New Partners and Principals In the U.S.

Thanks to one of our friends at EY, we got our hands on a spreadsheet that lists the names and locations of the 600 newest partners and principals at the House of Di Sibio. Of those 600, 133 are based in the good ol’ US of A. Here’s a look at the class of 2020 […]

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

Dan Dennett announced to his LinkedIn connections about a month ago that he recently joined the black and yellow team. And here is his WFH battlestation:The newish EY associate partner is the focus of today’s edition of “Big 4-on-Big 4 Poaching From Around the World.” Dennett joins the Queen’s EY from PwC U.K. where he […]

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

For today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we’re heading to Paris where Monitor Deloitte (Green Dotters who specialize in strategery) landed a new partner from its black and yellow rivals. Fabien Delon, 49, graduated from Sciences Po Paris and holds a DEA in Finance from the same school. He has 25 years […]

EY Being Blamed by Butthurt Hockey Fans for New York Rangers Getting #1 NHL Draft Pick

Last night the NHL held its 2020 draft lottery, when the eight teams that lost in their respective Stanley Cup Playoffs play-in series—Edmonton Oilers, Florida Panthers, Minnesota Wild, Nashville Predators, New York Rangers, Pittsburgh Penguins, Toronto Maple Leafs, and Winnipeg Jets—each had a 12.5% chance to get the No. 1 pick, presumably 18-year-old Canadian major […]

Layoff Watch ’20: Hearing EY Mexico Is Cutting People and Pay (UPDATE)

[Updated on Aug. 10 with additional information.] We heard from another EY employee in Mexico who told us over the weekend that the situation at the firm is “worse than you may imagine.” This person said that the leadership at EY Mexico has allegedly given employees an ultimatum: accept a 15% pay cut by this […]

Wirecard Drama of the Day: At Least This Wasn’t EY’s Fault

According to a report cited by Bloomberg, a former Wirecard manager who was found dead in the Philippines last week died of blood poisoning in a Manila hospital. Bloomberg wrote: Authorities in the Philippines have yet to confirm that the man, Christopher Bauer, is the former Asian executive of the payments firm who is part […]

Wirecard Drama of the Day: Germany’s Audit Cops Are Trying to Dig Up Some Dirt on EY

So sayeth Reuters: The German body in charge of regulating auditors is examining the work of EY, the auditor that approved the books of collapsed payment services firm Wirecard, the German Economy Ministry said on Monday. The ministry said Auditors’ Regulator (Apas) had upgraded a preliminary investigation that had been running since October 2019, when […]

EY U.K. Got Slightly Worse at Auditing This Year, According to Latest FRC Inspection Report

Next up in the parade of 2019-20 Financial Reporting Council audit quality inspection reports is the black and yellow float of EY U.K. In the most recent inspection cycle, EY had a smaller audit sample size than Deloitte, PwC, and KPMG, and that was probably a good thing. The FRC noted in its EY report: […]

Comp Watch ’20: EYers Who Are Not Getting a Promotion Probably Are Not Happy Right Now

This delicious-looking sundae is the promotion bonus at EY in 2020. An EY all-hands webcast was held earlier this afternoon, and a lot of topics were apparently discussed, including raises … or a lack thereof, according to a source: No raises this year. Only those getting promoted will get the promotion portion of the raises. […]

EY Poaches Someone From KPMG and (Not Yet) Issues a Press Release, Part II

In the About section of his LinkedIn profile, Charlie Simpson simply put down, “Delighted to have joined EY Parthenon to help grow our Advanced Mobility and Manufacturing business across Europe and globally.” It’s Simpson’s move to EY-P, the strategic consultancy located in the boiler room of the EY Global Battleship, that is the focus of today’s […]

Grant Thornton Poaches Someone From EY and Issues a Press Release, Part I

While public accounting firms in the U.S. are registering about zero on the competitive poaching Richter scale these days, the bigger firms in the U.K. continue to shake things up. Take Grant Thornton, for example. Dan Dickinson, GT’s newest partner in its tax practice, is an EY refugee. From a press release seen by the […]

EY Still Atop Public Company Audit Client Leaderboard

EY having the most public company audit clients in 2020 isn’t really the biggest news coming out of Audit Analytics’ latest analysis of public company auditors because the Black and Yellow has led each of the past half-dozen years. The bigger news is there’s a different Big 4 firm occupying second place. While EY has […]

EY’s Care Kit for Employees Does Not Include Pancake or Waffle Mix

But the care kit EYers received for their eventual return to the office does include reusable cloth masks, hand sanitizer, and a forehead thermometer (not pictured below). The source who sent us the photo, whose spouse works for EY, called the care kit “a legit, nice, late gesture from Uncle Ernie” and added that the […]

ey orlando

EY Partners Told How to EYsplain Wirecard Mess to Clients

The Financial Times reported on Monday: EY has told its partners how to prepare for difficult conversations with clients about its audits of Wirecard, the German payments company that has filed for insolvency after admitting that €1.9bn of cash probably never existed. In an internal note to senior partners on Friday, EY advised them to tell […]

Layoff Watch ’20: EY Is Cutting Ties with Nearly 100 Employees In Israel

Today is New Year’s Eve Eve in the Ernstiverse, and with the 2021 fiscal year starting on Wednesday—and with COVID-19 not going away anytime soon—we’ve been told that quite a few EYers in the U.S. will be shown the door soon. Rumors have been swirling for a while now—from 300 of the 3,600 (8.3%) U.S. […]

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

We’re going back to the U.K. for today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” where private equity specialist Jo Taylor is moving up from No. 4 to No. 3 in the Big 4 rankings. From a press release seen by the website TheBusinessDesk.com: EY’s transaction tax team in Manchester continues to […]

Ex-EY Partner Karen Ward Dealt Setback In NY Federal Court

Law360 has the latest on Karen Ward, the former head of real estate investment banking at EY, who asked a Manhattan federal court last July to invalidate the arbitration agreement she signed several years ago that has prevented her from suing EY over claims she was a victim of sexual harassment, gender discrimination, and retaliation, […]

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

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to Romania, where EY has put everyone in that country on notice now that it just hired a tax specialist away from PwC and made her a partner. Georgiana Iancu now has a seat at the adult table: [Translated to English] Georgiana Iancu […]

EY’s Auditing Is Not As Sad As It Used to Be, Per 2018 PCAOB Inspection Report

It’s kinda sad, really, that we don’t bat an eye when the top audit firms in the world, the ones that are supposed to be the gold standard of the profession, still significantly screw up one-fourth of their audits of public companies that are inspected by the PCAOB. Why? Because the number of audits with […]

EY Netherlands to Partners: Umm, Please Give Us Some Capital

EY Netherlands partners are answering the call to help pad the Dutch firm’s coffers because business kinda sucks right now due to the Rona pandemic. Bloomberg reported earlier this week: EY’s Dutch unit is asking its partners in the Netherlands to stump up funding to help it confront the blow to its business from Covid-19 […]

EY Announces a Three-Phase Plan For Staff to Return to the Office Once This Corona Thing Settles Down

In a firm-wide all-hands call yesterday, EY revealed its plan to return to some semblance of normal work at the same time state governments are considering lifting lockdown restrictions and allowing some non-essential businesses to reopen. Get excited, people, there is in fact a light at the end of this tunnel, dim as it may […]

EY U.K. Is Waiting to Get Called to the Principal’s Office

I remember being deathly afraid of getting into trouble in elementary school because if you were called to the principal’s office, chances are you would get a swat or two on the buttocks from his spanking paddle. Well the U.K.’s Financial Reporting Council has taken its paddle out of the drawer, put it on the […]

Layoff Watch ’20: Is There Trouble Brewing at EY Canada?

Things are starting to look a little ominous at EY in Canada, as we were told the specter of layoffs looms if EYers don’t volunteer to cut their billable hours. According to a tip we received on April 30: Had a call today at EY Canada (Ontario). Partners are saying that unless people start taking […]

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

Unless it’s buried in the archive somewhere, it’s hard to believe that in the almost 11-year history of this website we’ve never done a post about Deloitte poaching someone from EY (although we have pointed out that EY has lurked in Deloitte’s LinkedIn group looking for new warm bodies), but here we are. Because there […]

ey orlando

Bonus Watch ’20: EY No Longer Giving Out Senior Manager Promotion Bonuses

There was a lot discussed during an EY Americas all-hands webcast this morning, including updates on layoffs and permanent and temporary cost-cutting measures. So, let’s get right to it. 1. No layoffs through the end of June: Back in late March, EY US Chair Kelly Grier said keeping all EYers employed during the COVID-19 pandemic […]

Ex-EY CEO Mark Weinberger Joined His Gazillionth Board of Directors

OK, I might have gotten a little carried away with the title of this post, but it seems like former EY Global Chairman and CEO Mark Weinberger is being appointed to some kind of corporate board or advisory position every month. The latest addition to his resume is a seat on the board of Saudi […]

Congrats to EY and Deloitte For Making … the Vault Banking 50?

The other night I was bored to tears while my wife and my 13-year-old daughter were watching The Vampire Diaries on Netflix. So I poured myself a beer and hopped on to Vault’s website to see if they released their newest Accounting 50 rankings yet, as they usually do in April. They had not. It’ll […]

Bonus Watch ’20: EY Employees Aren’t Getting Performance-Based Bonuses, But Their Jobs Are Safe For Now

Checked in with two sources this afternoon who confirmed what I saw posted on Fishbowl yesterday: no performance-based bonuses at EY this fiscal year, but that decision was made in order to prevent layoffs during the COVID-19 pandemic. One source told me: That’s what we heard on the webcast yesterday. I think everyone appreciated that […]

KPMG Poaches Someone From EY and Issues a Press Release, Parts I, II, and III

With nearly all of the top public accounting firms in the U.S. closing their offices and sending their staffs home to work for the time being because of the COVID-19 pandemic, hiring has pretty much come to a standstill. But over the course of a few months before all of this happened, KPMG hired a […]

Another EY Employee In the U.S. Has Come Down with Coronavirus

According to an internal email sent yesterday to EY employees in the Washington, DC area, there’s been another confirmed case of COVID-19 among the firm’s ranks, this time in Virginia. A tipster passed along the email to us, which was sent by Richard Jeanneret, Americas vice chair and US-East region managing partner, and Kevin Virostek, […]

ernst young equifax

EY, PwC Jumping On the Mandatory Work-From-Home Bandwagon Due to COVID-19

Thanks to a tipster, here’s the email EY U.S. Chair Kelly Grier sent to all EYers Sunday evening regarding where they’ll be working for the foreseeable future: I’m reaching out this evening to express my recognition and concern for the evolving situation involving COVID-19 and the complexity and uncertainty it’s causing across our daily lives. […]

COVID-19 Is In EY NYC Offices

From the tipline (thanks, tipster!) we have this email that went out to EY staff this afternoon. Last we heard there was a KPMG employee affected in Northern Virginia who visited EY offices but this is new. Dear all Tri-state EY people, There has been a confirmed case of coronavirus (COVID-19) with an EY employee […]

EY UK Selects Old White Guy to Succeed Another Old White Guy As MP

The Financial Times is reporting today that former head of audit Hywel Ball is EY UK’s new managing partner “despite widespread speculation that it would be the first of the Big Four accounting firms to appoint a female leader.” That’ll teach y’all to speculate. Ball, a 35-year veteran of EY, beat out chief operating officer […]

EY Madrid Confirms Employee Has Tested Positive for COVID-19

Another Big 4 firm has confirmed a case of coronavirus among its ranks. This time, an employee at EY in Madrid has tested positive for COVID-19, according to Reuters. An EY spokesperson told Reuters earlier today that the firm sent approximately 3,000 employees from its offices in Madrid home to work: “There’s one person who […]

Deloitte U.K. CEO Says Employee Has Coronavirus

In an email to staff on March 3, Deloitte U.K. CEO Richard Houston said one of the firm’s London employees who recently vacationed in Asia has been hospitalized after testing positive for coronavirus, the Financial Times reported. Deloitte said it was “deep cleaning” one floor of its offices in London but hadn’t quarantined its New […]

Ex-EY CEO Mark Weinberger Is Keeping His Plate Full

While perusing the interwebs last night, I saw that our favorite Kenny Powers lookalike, former EY Global Chairman and CEO Mark Weinberger, has a new gig. MW was appointed as a senior advisor for Los Angeles-based Stone Canyon Industries Holdings LLC, which owns several rail transportation companies as well as packaged ice maker Reddy Ice. […]

The Fortune 100 Best Companies to Work For: EY #25 (2020)

I’ll admit I was a little surprised to see EY as the highest-ranked Big 4 firm on this year’s Fortune 100 Best Companies to Work For list. It’s been a while since the last time that happened—2010, when EY was #44. It’s unlikely possible to have a long and distinguished career at EY, as we […]

Gray, Gray & Gray Poaches Someone From EY and Issues a Press Release, Part I

Bryan Pearce spent 38 years at EY. That’s an eternity in public accounting, let alone a 38-year career with only one firm in public accounting. Think about it: Ronald freakin’ Reagan was in the Oval Office when Pearce joined the Black and Yellow. During his time with EY, Pearce was most well-known for being the […]

(UPDATE) Auditor Swap: Bubble Popped On EY’s Engagement with Sealed Air Corp.

Editor’s note: This article was originally published on Aug. 15, 2019. Update is at the bottom of this article. Bubble Wrap maker Sealed Air Corp. disclosed in a securities filing earlier this week that it dumped EY as its external auditor and hired PwC, the Wall Street Journal reported yesterday. Now, EY losing an audit […]

Marcum Poaches Someone From EY and Issues a Press Release, Part I

In my mind, Gary Sturisky walked out of EY’s office in Miami, put all of his “Building a Better Working World” swag in a dumpster, stuck out his thumb, and was picked up by a Marcum bus, which drove him to the firm’s office in Fort Lauderdale where he worked happily ever after. Now that […]

EY U.K. Has a ‘Waffles or Pancakes’ Decision to Make Soon

Unlike their American counterparts, none of the Queen’s Big 4 firms have ever had a woman in charge. It’s not going to happen anytime soon at PwC, as partners just re-elected Kevin Ellis for a second four-year term as chairman and senior partner. Richard Houston took over as Deloitte North West Europe and U.K. senior partner […]

Former EY Employee Is Coping with the Loss of a Large Vacation Carryover Payout

A couple of weeks ago, on the same day Adrienne was writing her post based on a tip we received about a CPA exam taker’s missing FAR score, another tip came through the inbox: My Big 4 firm is screwing me out of a hefty vacation carryover payout. I submitted my resignation 12/26, it was […]

Donald Trump Is Apparently the New Head of Recruiting at EY

Sorry, Dan Black. Looks like you’re out of a job. “When I talked to him, we talked about, frankly, talent and how do we retain more talent in the U.S., in particular talent that goes to top schools and so forth. He was very much in favor of retaining that talent in the U.S. so […]

PKF O’Connor Davies Poaches Someone From EY and Issues a Press Release, Part I

If public accounting had a transactions wire, much like you see for Major League Baseball, it might look something like this for PKF O’Connor Davies’ newest transaction advisory services (TAS) partner: PKF O’Connor Davies acquired Andrew Suh from Ernst & Young for a CPA to be named later. OK, trades don’t happen among public accounting […]

Scott and Company Poaches Someone From EY and Issues a Press Release, Part I

I don’t have any evidence to back up this assertion, but I’m not going to let facts get in the way of what I’m about to write: It’s fairly uncommon for a Big 4 CPA’s next landing spot to be an accounting firm outside of the top 400 in the U.S. But that’s what happened […]

(UPDATE) EY Accountant Tina Frost to Undergo Another Surgery to Repair Eyelid

Tina Frost (right) pictured with her mother, Mary Watson Moreland. UPDATE: Team Tina posted this message on Jan. 7 regarding EY accountant Tina Frost’s most recent surgery last Friday: Hi everyone, We want to thank everyone for all your thoughts, good wishes and prayers and to let you know that Tina walked out of the […]

ernst young equifax

Let’s Speculate Wildly About What ‘Threats’ Got This Guy Banned From EY Offices

According to Reddit, New York and New Jersey EY offices have been advised to rat this dude out if he has the balls to show his face around those parts. So what do we think he did? GO.

EY Is Bringing Its Shiny Silver Briefcases, Handcuffs to the Golden Globes This Weekend

Here’s your annual reminder from EY that it has tabulated the ballots for the Golden Globe Awards since Hector was a pup. #GoldenGlobes https://t.co/r2Cy7WOhII pic.twitter.com/FDsVTOn40l — EY US (@EY_US) December 30, 2019 Related articles: EY Counts the Votes for the Golden Globes, You Guys EY Auditors Were Seen At Another Awards Show In Handcuffs

Accountants Behaving Badly: Discrimination at EY U.K., Jail For Cancer Center Embezzler, Client Scammer Gets Prison Time

Plus, ex-accountant for city of Dunbar, WV, gets one year in prison for embezzlement, and former Suzuki accountant faces a seven-year jail sentence for stealing $1.8 million. EY deals partners accused of bullying and discrimination [Financial Times] Current and former staff in the Transaction Advisory Services team at EY U.K. described a culture they claimed […]

FAF Did Not Pick You to Be FASB’s Next Chairman

Unless your name is Richard Jones and you’re chief accountant and partner at EY, then the Financial Accounting Foundation did pick you, congratulations. Jones will succeed nice neighborhood dad Russell Golden as FASB chairman after Golden’s term ends on June 30. Golden, a former Deloitte partner, has sat in FASB’s big chair since July 1, […]

Baker Newman Noyes Poaches Someone From EY and Issues a Press Release, Part I

Baker Newman Noyes must have been a good little accounting firm this year because instead of candy canes, Reese’s Peanut Butter Cup Miniatures, or WWE wrestling action figures in its stocking, Santa got the firm a new principal for its audit practice from EY. As a principal in the audit practice, Drew Nagus helps clients […]

EY Thinks It Is the Harvard of the Big 4

Big 4 CEOs comparing their firm’s acceptance rates to those of an Ivy League school is soooo 2012. And soooo 2015. Deloitte Global CEO Punit Renjen used to do it all the time, proclaiming Deloitte as the Harvard of the Big 4. But the whole “we’re more exclusive than Harvard” boasting had quieted down some […]

Layoff Watch ’19: Cuts Coming at EY U.K.

The 2019 financial year at the Queen’s Ernst & Young would probably be considered below expectations. Revenue increased but only by 1.5% to £2.45 billion for the year ended June 30, while profits went up from £472 million in 2018 to £477 million this year. EY’s transaction advisory services and tax businesses both had a […]

Auditor Swap: It’s Curtains For KPMG as AMC Theatres’ Outside Audit Firm

AMC Entertainment Holdings put out a casting call for a new external auditor, and EY got the role. Kansas City Business Journal reported: AMC Entertainment Holdings Inc. will switch its accounting firm at the end of the year. The Leawood-based theater chain picked Ernst & Young, replacing KPMG LLP. AMC paid KPMG more than $12.7 million in audit, audit-related […]

Weaver Poaches Someone From EY and Issues a Press Release, Part I

Do public accounting firms give their employees frozen turkeys before Thanksgiving? Maybe just at smaller firms? Anyway, if firms do do this, Greg Englert will be getting his turkey from Weaver instead of EY this year. National certified public accounting firm Weaver, the 35th largest public accounting firm in the United States, has added a […]

Ex-EY Partner Karen Ward ‘Not Surprised’ By ‘Appalling’ Training Seminar for Women

Karen Ward, the former EY partner who alleges she was a victim of sexual harassment, gender discrimination, and retaliation during her tenure with the firm, said she wasn’t shocked to learn about the 1950 2018 training seminar that EY hosted for women leaders, in which attendees were told, among other things, not to flaunt their […]

EY Probably Won’t Be Inviting Ex-Astros Executive Brandon Taubman to Any Alumni Events Anytime Soon

Before Brandon Taubman was rightfully fired as assistant general manager of the Houston Astros on Oct. 24 for making an ass of himself in front of a group of female reporters in the Astros clubhouse following the team’s ALCS victory over the New York Yankees, he was profiled in April by EY, his former employer, […]

ernst & young report ashley madison

EY’s Run of Bad Press Continues

If all the negative headlines EY has been dealing with (and deserved) since the Huffington Post broke the story last Monday about the firm’s now-infamous 2018 training seminar for women leaders weren’t bad enough, an exposé that airs tonight on BBC One won’t do anything to help EY’s reputation and once again sheds light on […]

EY Thinks Women Are a Bunch of Dumb Sluts: Report

Yesterday morning, browsing /r/accounting as I often do before our weekly conference call in which I pull ideas for the week’s content out of my ass, I came across a fresh post about an EY training seminar that supposedly implied women have “pancake brains” and need to be told not to flash the goods in […]

Two Years After Being Shot In Las Vegas, EY Accountant Tina Frost ‘Remains Positive’ Despite More Surgeries, Family Says

Tina Frost (right) pictured with her mother, Mary Watson Moreland. Tina Frost, an accountant at EY in San Diego, had yet another surgery on Sept. 30, almost two years to the day when she was shot in the head while attending the Route 91 Harvest Festival on the Las Vegas Strip with her boyfriend, Austin […]

At Least EY’s 2017 PCAOB Inspection Report Is Not as Not Good as KPMG’s

The PCAOB just released EY’s 2017 inspection report, and there’s some good news and some bad news for the Black and Yellow. The good: Congrats, EY, your audit deficiency rate of 31% is below your historical average deficiency rate of 32%. Of the portions of 55 issuer audits PCAOB inspectors reviewed during 2016, 17 weren’t […]

Hiring Watch ’19: Does EY’s New Digs In Akron Mean New Jobs?

The answer to that question seems to be: eventually. So that’s good news for aspiring capital market servants and public accounting veterans looking for a change of scenery who live or work in or near Akron, OH. EY is getting new digs in LeBron’s hometown, moving its office from downtown Akron to the East End […]

EY Auditors Were Seen At Another Awards Show In Handcuffs

Let’s just hope they don’t leave tonight’s Emmys in handcuffs. Cuffed and ready to go! Escorting the evening's most important guests – the envelopes – down the red carpet. #Emmys pic.twitter.com/U451d8DJ6V — EY (@EYnews) September 22, 2019

Hiring Watch ’19: Working at EY In Louisville Could Be NEAT

Add Louisville, KY, to the list of cities where EY is hiring en masse. Louisville Business First reported on Sept. 6: Ernst & Young LLP is making another investment in Louisville after spending $4.3 million to open its National Executive Assistant Team facility downtown early last year. The company said in a news release Friday […]

RIP Kaustubh Nirmal, EY Senior Advisor Who Died In California Dive Boat Fire

Two of the 34 victims of the horrible California dive boat fire on Labor Day were Kaustubh Nirmal, a senior advisor at EY, and his wife, Sanjeeri Deopujari, a dentist. The couple, who married in 2016, were from Stamford, CT, the New York Post reported. Authorities confirmed that Nirmal and Deopujari were aboard Conception during […]

EY Congratulates EY for Achieving Record Global Revenue of $36.4 Billion In FY 2019

Big 4 revenue bragging season has begun in earnest, or should I say in Ernst, as EY put out a congratulatory press release this morning stating that its global revenue for fiscal year 2019 reached $36.4 billion, the ninth-straight year the firm has posted record numbers. In actuality, that represents a 4.7% increase over FY […]

EY Global CEO: Recession? What Recession?

Have no fear, a recession in the U.S. is not near, EY Global Chairman and CEO Carmine Di Sibio said on CNBC this morning. Carmine Di Sibio, who runs consulting powerhouse EY Global, told CNBC on Thursday he does not see a recession as an imminent threat in the United States. “We had a lot […]

Ex-EY CEO Mark Weinberger Joined a Board

Since his last day as global chairman and CEO of EY on June 30, Mark Weinberger has probably spent a lot of time at home working on his tan and sitting in his favorite recliner, wearing just BVDs and a stained white undershirt, slamming Yuenglings. Maybe his wife finally got sick and tired of seeing […]

EY’s Response to N.Y. Lawmakers’ Letter About Sexual Harassment and Forced Arbitration Is As Bad As You’d Expect

Last week, Adrienne wrote about a letter 67 New York state legislators recently signed and sent to new EY Global Chairman and CEO Carmine Di Sibio denouncing the firm’s practice of forced arbitration agreements, especially in cases of sexual harassment and discrimination. The lawmakers wrote that EY’s forced arbitration policy silences victims of harassment and […]

New York Lawmakers Call Out EY’s ‘Culture of Harassment and Discrimination’

It’s rare, especially these days, that bipartisan lawmakers can agree on an issue, but in the case of EY sexual harassment lawsuits they’ve managed to do just that. In a letter to new EY Chairman and CEO Carmine Di Sibio, 67 New York State Legislators, led by Senators Liz Krueger and Alessandra Biaggi, and Assemblymembers […]

EY Threatens to Raise Audit Fees ‘Cause the Mean Ole Government Keeps Busting Their Balls

I buried this story in Footnotes last Friday but thought it deserved its own post because A) it’s interesting and B) Bramwell is on vacation this week, leaving me to run the show and find enough crap to write about. So here we are. Sky News reported last week that they obtained a letter from […]

Dedicated EY Employees Did Not Let a Little Blackout Deter Them From Providing Exceptional Client Service Last Weekend

I honestly don’t know whether to laugh or cry. To the employees of EY NYC working right now from r/Accounting OP didn’t really deliver with pics so if anyone managed to snag proof, let us know. As we understand it, only parts of Times Square were affected by last Saturday’s blackout, but that’s not nearly […]

Arbitration Costs Mounting For Ex-EY Partner Who Claims She Was Sexually Harassed

A declaratory judgment complaint filed on July 17 is asking a Manhattan federal court to invalidate the arbitration agreement that has prevented former EY partner Karen Ward, who alleges she was a victim of sexual harassment and pay discrimination, from taking the firm to court. According to the complaint, to have Ward’s sexual harassment claims […]

Promotion Watch ’19: EY Admits 733 New Partners Worldwide

Because July 1 kicks off a new fiscal year at EY, we figured a new partners announcement would be forthcoming. And it came today, via the new leader of the Black and Yellow, Carmine Di Sibio: Our Global Chairman and CEO, Carmine Di Sibio congratulates our new partners around the world. Their contributions have helped […]

Mark Weinberger’s Best Moments as EY CEO, Ranked

Y’all remember back in the day when we used to do Ranked posts? Yeah, me neither. Mostly all I remember is Caleb saying he saw something similar on a far more popular blog than ours and was like “we should do that but with accounting stuff!” At least that’s how I recall the conversation in […]

Exclusive: We Know What Mark Weinberger Will Be Doing That He’s Officially Out at EY

No one was as surprised as we were when the news broke late last year that Mark Weinberger was stepping down as global chairman and CEO of EY. Adding to the mystique of his unexpected departure, our source — who helped us break the story — hinted that Weinberger’s exit was prompted in part by […]

Auditor Swap: Papa John’s Dumps KPMG For Its Ex, Ernst & Young

Sometimes the grass isn’t always greener on the other side. Pizza chain Papa John’s must have realized this as it’s dropping KPMG as its independent auditor in favor of EY, which audited the company’s financial statements from 1990 to 2017. EY will take over Papa John’s external auditing duties for the fiscal year ending Dec. […]

Ex-EY Audit Partner’s Lousy Audit Judgment Landed Him a $25,000 Fine From the PCAOB

Earlier today, we talked about audit quality or the lack thereof in Australia, the U.S., and, for that matter, all over the world. Well, this latest enforcement order from the PCAOB doesn’t help make a case that audit quality at the biggest accounting firms in the U.S. is getting any better. Compliance Week reported: The […]

PCAOB Doesn’t Take Kindly to Auditors Who Alter Audit Documentation Prior to an Inspection

For years, the PCAOB has pleaded with auditors to quit altering audit workpapers after being notified of an inspection, and some auditors continue to thumb their noses at the PCAOB. Like Humayoun Khan, a former PwC auditor, who was accused of improperly altering a previously archived workpaper in anticipation of a PCAOB inspection. A PCAOB […]

DHG Poaches Someone From EY and Issues a Press Release, Part I

Whoa, look at Dixon Hughes Goodman, picking off a transfer pricing executive from EY. And he’s a former KPMGer. And he used to be an auditor at the IRS. Dixon Hughes Goodman, a U.S. top 20 public accounting and advisory firm, is pleased to announce that Samit Shah has joined the firm as a Principal in the […]

Hiring Watch ’19: EY Is Looking for Some Fresh Faces In New Orleans

First Nashville, now the EY hiring caravan is heading to New Orleans. Ernst & Young, an international accounting and business services firm, will create an administrative support center in New Orleans that will add 200 employees in the next three years, city, state and economic development officials announced Monday (May 6). The center will be […]

Hiring Watch ’19: EY Is Looking for Warm Bodies to Fill New Tax and Tech Jobs In Nashville

Back in November, EY and Tennessee state officials made a big to-do about the Big 4 firm signing a lease at a new 10-story office building being constructed in the Music Row district of Nashville. And during that press conference, EY announced that it would be adding 600 jobs in Nashville over the next five […]

Tina Frost, EY Employee Shot In Las Vegas, Still On the Road to Recovery

Tina Frost (right) pictured with her mother, Mary Watson Moreland. It’s been several months since we checked in to see how Tina Frost is doing. Frost, an accountant at EY in San Diego, was shot in the head during the Route 91 Harvest Festival mass shooting in Las Vegas on Oct. 1, 2017. Frost’s mom, […]

Oh Look, EY Is On the Receiving End Of Another Sexual Harassment Complaint

After we recently reported on sexual harassment allegations made against male executives at EY U.S. and EY Switzerland by former female employees, Adrienne and I got an email from a woman by the name of Ana Raquel Villanueva who told us that she, too, was a victim of sexual harassment while employed at EY in […]

Big 4 Calling On All Blockchain Nerds to Come Nerd Out At Their Firms

From CoinDesk: “Big Four” professional consulting firms Deloitte, KPMG and EY are all in the top five when it comes to posting blockchain job ads, according to new data from Indeed.com. The employment site released its latest figures for job postings relating to blockchain, cryptocurrency and bitcoin in the U.S. on Thursday, with the data covering […]

EY Employees In Johannesburg Forced to Evacuate Due to Bomb Scare, Nothing Found

A bomb threat led to the evacuation of an EY South Africa office in Sandton, Johannesburg earlier today, but authorities allowed employees to return to work later in the afternoon after finding nothing suspicious during a search of the building. Due to a safety concern, we are currently evacuating our Johannesburg office at 102 Rivonia […]

EY Names Carmine Di Sibio’s Replacement as Global Managing Partner for Client Service

Andy Baldwin, your table is ready. EY today announces that Andy Baldwin has been appointed the next EY Global Managing Partner – Client Service, effective from 1 July 2019. In this role, Baldwin will be responsible for leading the go-to-market and client activities. He will also have overall leadership for the three EY geographic areas […]