February 27, 2021

E&Y

White Guy Proudly Accepts Diversity Award for His Big 4 Firm

Last night, DiversityInc handed out awards to seven U.S. companies "that showcase best practices for workplace diversity" in New York City. Predictably, EY sent their white Americas Managing Partner Steve Howe to accept theirs. "In order to earn one of our special awards, a company needs to demonstrate full commitment to diversity, starting at the […]

EY Now Hazing New Hires With the Awful EY Anthem

Our tip box has been abuzz with the EY Anthem (yes, it's a thing) over the last few days. Shaking our heads in disbelief, we tried to ignore it but the tips just kept coming in. Well, now we know where the viral anthem-sharing first started. Patient Zero is a newbie in Advisory who shot […]

Footnotes: PwComcast Fiasco Continues; Putting the ‘EY’ in Seth Meyers; Giving Negative Feedback | 10.10.14

L-3 Reveals Subpoenas, Impact From Accounting Review [WSJ]   EY Global Public Policy Chief: 'The West Hasn't Got LGBT Rights All Figured Out' FYI. [IBT]   Comcast notified PricewaterhouseCoopers that a person claiming to be a PwC employee called its chief accounting executive's office with complaints about his cable service and bills, and yelled at its […]

Some Big 4 Alumni Just Can’t Quit Their Old Firms

#DidYouKnow? #EY alumni, aka "Boomerangs," account for 11% of the firm's total US workforce: http://t.co/I8FINXqzw6 via @HRExecMag — EY US Careers (@EY_CareersUS) October 7, 2014 And it's actually 20% for partners, principals and executive directors, according to article.  Then there's this gem from KPMG: Each year, 10 percent to 15 percent of KPMG's 4,500 "experienced […]

Just How Big a Share of EY’s Revenue Do Partners Get Anyway?

EY recently reported global combined revenue of $27.7 billion, or approximately eleventy bazillion in OMGdollars. Just how much of that do partners see? Unfortunately, we don't have US numbers, so UK numbers will have to do: Partners in the UK firm will receive an average £727,000 share in profits, an increase of 12% on last […]

If Global Travel Is Your Thing, Then This EY Deal Is For You (But Probably Not)

Are you looking for an exciting global opportunity? Ready to see the world, experience new cultures, and work without borders? Well, if you're one of the lucky 1.368421052631579%, EY is for you! Broaden your horizons, broaden yourself. For experienced employees, the opportunities to connect globally are almost boundless. For example, each year, 2,600 established US firm […]

EY Reports FY14 Revenues, Makes It Rain on New Audit Toys

Fresh off Deloitte's announcement, EY reported FY14 revenues and — shock! — everything is looking good. Not quite Deloitte-level good but they've still got a few more years before 2020, which is the year they plan to take over professional services. EY reports combined global revenues of $27.7 billion for the fiscal year ended June […]

Mark Weinberger Is Still Obsessed With His Speech No One Remembered

When you die, no one is going to come to your funeral and declare "wow, that guy could tie out like no one's business!" But your kids will certainly remember whether or not you showed up to 12 of their 55 soccer games. EY Global Chairman and CEO Mark Weinberger is all about the work-life. […]

EY Celebrates Its Second Year as the Most Attractive Professional Services Employer

Did someone say attractive? No, I don't mean attractive young men in various states of undress, I mean attractive, as in if you have to work in professional services, I guess working for EY will do. So every year, Universum conducts this study, asking business students from the world's most prestigious schools which employer they […]

15 Reasons Why EY’s BuzzFeed Post Is a Bunch of Malarkey

BuzzFeed will let anyone and their mama post on their platform, including myself (see: 13 Things Only People Who Are Human Will Understand). Not wanting to be left out of the fun, EY has partnered (read: paid) with BuzzFeed to feed their carefully crafted message — in gif form, no less — to unsuspecting young […]

We Can’t Help But Wonder if This EY Conference Room Cactus Is Trying to Say Something

It would be bad enough to spend your life as a cactus, but a conference room cactus? I'd rather be reincarnated as the E. coli on your lunchmeat. It seems this cactus, shared by @EYStaff earlier today, has something on its mind. I can't quite put my finger on it… Cactus in the conference room! […]

EY Sued By Man Claiming He Was Disabled Due to Pending Ulcer, High Blood Pressure

UPDATE: This case has been settled. Details below. Christopher Cotter is a 52-year-old Houston man who “suffers from peptic inflammatory disease and labile hypertension," according to a complaint filed against the Big 4 firm formerly known as Ernst & Young in a Southern District of Texas court on August 5th. In layman's terms, he has […]

KPMG’s Re-Audit of Ventas Teaches Us Boning Doesn’t Necessarily Ruin an Audit

Colin buried this in ANR this morning: Health-care real-estate investment trust Ventas Inc. ( VTR ) said a re-audit didn't result in any changes to its financial statements. KPMG LLP audited Ventas's 2012 and 2013 figures after Ventas said in July that it dismissed Ernst & Young "as a result of an inappropriate personal relationship" […]

EY Is No Longer Blocking Sports Websites Just in Time for Football Season

Forget pleasing their audit overlords at the PCAOB, EY focuses on the important stuff according to our tipster: FYI, EY stopped blocking sports websites.  Just in time for fantasy football.  Maybe a good time to make jokes about how this is so important because most employees don't have time to browse the internet away from […]

EY Hits 50% Failure Rate on PCAOB Inspection, Gets a Grade of LOL on AS5

Today, the PCAOB released its latest inspection report on the firm formerly known as Ernst & Young. Now, before we get into that, let's get into a little history because everyone loves history, right? EY boasted an impressive failure rate of 35.7% in 2011, which was followed up by an even more impressive failure rate […]

The Name of EY’s New Audit Tool Implies Audits Belong in the Louvre

As a creative, right-brained type myself, I realized very early on in my time in CPA review that the CPA exam was less a test of knowledge and more a test of a person's left brain to process and spit out information exactly as it was put in. In other words, the exam weeds out […]

This Advice From an EY Leader Should Not Be Taken Literally

Partners, CEOs and chairmen are great for all kinds of wonderful advice — por ejemplo: "be who you really are" — but sometimes the line between good advice and too soon bro is easily crossed. Case in point: "From day one, focus on the relationships you make. Get in there. Be aggressive." #EY's Bob Patton, […]

Sex and Professional Ethics, Round 2

In case you need to be caught up, the controller at Ventas and the audit partner at EY were banging. So Ventas fired their controller, and Ventas fired EY, and EY fired the audit partner. EY also said that putting the sausage in the ham wallet was a flagrant violation of professional standards. Over the […]

This EY Shilling Is Brought to You By Forbes

Forbes — corporate shilling factory and low-grade financial "journalism" disguised as a magazine for rich people — has a new writer. Yes they already have 10,000 bloggers on every subject known to man but they added another. Only it's not a writer, it's a firm and it's not journalism, it's EY corporate speak. Forbes explains […]

EY Going for an Amputation-Free Emmy Awards Again This Year

If you really want to know the winners in advance, it will cost someone at EY their arm.  EY implements numerous precautions to help ensure accuracy and safeguard results until they are announced on stage, including multiple sets of sealed envelopes transported to the ceremony in separate cars, triple-checking all results, keeping control of each […]

EY Compensation Discussions Redux

With one firm's CEO announcing his retirement and another firm taking it on the chin from Ben Lawsky, you'd think most people would be satisfied with the topics of discussion on a Monday morning. Nope! Please move the EY Compensation thread to where people can actually find it and comment on it.  Update is that compensation […]

EY Is Not Against Using the Deloitte LinkedIn Group for Recruiting Purposes

It may not be specifically forbidden in the unspoken Big 4 playbook but I believe it is assumed that firms consider other firms' LinkedIn groups off limits when it comes to spamming for candidates. This guy at EY did not get the memo: Now, the video isn't just an informative short film on, say, ethics […]

Mark Weinberger Is Getting a Little Verklempt at EY’s Intern Party

Aww, they grow up so fast: So proud of our interns … Destined for greatness wherever their journeys lead …. Hope it includes EY, with me….. — Mark Weinberger (@Mark_Weinberger) July 31, 2014 The 'Berg also promised interns in return for their talent (read: souls),  "what I will commit to you, is an exceptional experience […]

Clarifying Sex and Auditor Independence After the EY and Ventas Affair

With all that went down with Ventas and EY1, I needed a little clarification on our independence rules, so I took the initiative to send the following email to the AICPA: Dear AICPA Ethics Hotline, I understand that earlier this month Ernst & Young was fired by Ventas, Inc. due to an inappropriate relationship between […]

(UPDATE) This EY Fade Haircut Is Just the Worst

A young man has just pledged his #loyaltEY to EY in a creative way. We aren't sure how else to explain it, really. I guess you just have to see the tweet.   @EYMichael @EYLisaT @EYKates #selfie #selfEY #ihadtodoit #noregrets #yolo #HEADSTART pic.twitter.com/lnNkvnzE9O — T (@TheThomaToshi) July 24, 2014 Well, I guess it could be […]

Look Out, Here Comes the Intern #SelfEY Parade

Consider yourselves warned: the interns are about to get released into the wild. Yes, it's that time of year again, EY's International Intern Leadership Conference kicks off next week at Disney World and EY is already trying to goad the impressionable youngsters into blowing up Twitter with #SelfEYs:   My employer, #EY (#ErnstandYoung), sent an […]

EY Senior Manager Finds That Work Won’t Do Itself While He’s on Parental Leave

Here we go with this again. EY is really trying to pull out its paternal leave and wave it around in everyone’s faces, aren’t they?

Why Is Everyone So Tight-Lipped on the Ventas EY Audit Partner Situation?

As we found out recently, the engagement partner at EY was (probably, allegedly) banging the (now former) Chief Accounting Officer and Controller at the client (Ventas). Well, we don't know if they were necessarily getting it on at the client's but you get the idea. Due to that "inappropriate personal relationship," Ventas fired EY — […]

Mark Weinberger Can Top Your Best Work-Life Balance Anecdote

When we talk about accounting firm culture, we often talk about the tone at the top. Besides being a really good buzzword that helps HR wonks convince the lowly serfs that The Powers That Be really care about their well-being, it basically means that what's good for the goose is good for the gander. Or, […]

EY Is In Trouble With the SEC For Lobbying On Behalf of Audit Clients

This just in: The Securities and Exchange Commission today charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients. Ernst & Young agreed to pay more than $4 million to settle the charges. The SEC’s order instituting a settled administrative proceeding finds that […]

Ventas Fires EY as Auditor Over Independence Violation

And by “independence violation” we mean “they were probably banging”

Hey Folks, Let’s Help EY Name Their New Audit Tool!

Move over, GAMx, there's a new player in town. Here are the details from our mole on the inside who made sure to point out that "nobody I know of will be participating" (lest this person be associated with such nerdiness): Basically they are rolling out a new audit tool this year which is cloud […]

Here’s Your Open Thread for EY Compensation Discussions (2014)

Yes, we know this is early but the natives are getting restless, as evidenced by our inboxes: EY compensation and promotion talks have began in the NY area We reached out to a friend of GC currently sentenced to 15 to life at EY in NY who could not confirm this: I can’t confirm what […]

EY Got a Bunch of Old White Guys to Talk About Women in the Workplace

Here we go with this crap again:   Top tips from #EY’s male leaders on how to make the gender mix work #BBWW http://t.co/NcZDDKdW4w — EY (@EYnews) July 1, 2014 We get it, change has to come from the top, like Moses on Mount Sinai. But is this really the best way to mark International […]

Retire From EY, Receive a Free Scrapbook of Career Highlights

EY sent out a lovely note regarding some retiring PPEDDs today, although they were so excited to say goodbye they sort of screwed up the first email: In our enthusiasm to congratulate our retiring PPEDDs, we realized that several of the titles listed in the original communication were incorrect. Please disregard and refer to the […]

EY Offers Its Fathers 6 Weeks Paid Paternity Leave, But Do Dads Actually Take It?

We've been on an "inclusiveness" kick lately and I'd apologize for that except Colin told me never apologize therefore I will not. You will recall a previous discussion we had about EY's Inclusiveness Officer (*gag*) boldly shilling to the Huffington Post about dudes' need for flexibility. We're surprised she didn't take the opportunity then to […]

#TBT: That Time Jim Turley Used a World Cup Metaphor to Explain the Need for Global Accounting Standards

What can the World Cup teach us about accounting rules? (Other than rampant corruption is only real if you believe it is.) That it would be chaos if participants showed up to a global contest with their own set of rules. That's sort of what we have going on in global financial reporting, if you […]

EY Now Tracking Staff’s Every Move

As anyone who considers break room snacks a food group knows, it's incredibly easy to put on a few pounds from sitting at your desk for most of your working life. EY has a solution — toys to encourage its staff to get off their asses.   New fitness challenge @ the office! 'On the […]

Promotion Watch ’14: EY Americas Admits 295 New Partners

Not to be outdone by PwC’s addition of 180 partners the other day, EY has internally announced the admission of 295 new partners, 170 new executive directors and 31 new directors. Dang, son, slow it down over there.

The email that went out to EYers was standard congratulations, we are so excited, exclamation point exclamation point blah blah:

This Big 4 Firm Just Ruined Selfies for Everyone

Selfies have always been pretty stupid but we've officially reached Peak Selfie when a Big 4 firm hijacks the whole selfie thing and slaps a hashtag on it. Meet #SelfEY *cringe*  Loving the #SelfEY!Great pic! RT @EvanDaSilva1 46 mins #elpboston #letmetakeaselfEY pic.twitter.com/BAC3Aqi5s9 — EY US Careers (@EY_CareersUS) May 29, 2014 Next time your supervisor asks […]

Working From Home Allows More Time For Working, Says EY Guy

Not content to be left out of the conversation on flextime, EY has jumped right into the fray with a New York Times piece on telecommuting and flexible work arrangements. Let's check in with suburban warrior Jared Dalton: He calls it one of the bright spots of his week: Before Jared Dalton, 32, starts his […]

Bonus Watch ’14: EY Auditors Get a Pat on the Back

We're hearing a couple rumors that the audit practice is giving out free money, anyone else? Some people are understandably skeptical (though obviously aren't familiar with the phrase don't look a gift horse in the mouth): FYI EY leadership awarded all Assurance Staff through Senior Managers $500 in the 5/30 paycheck. Leadership has never issued […]

EY Employees Embarking on Annual Make Passive Aggressive Suggestions for Improvement Ritual

It’s review time! Seeking #feedback from your team throughout the year is an #effective way to stay on track w/your #goals. -Lys #EYTip — Life at EY (@EYstaff) May 6, 2014

EY Is Tackling the Important Issue of Dudes’ Need for Flexibility

Forget women, what about working family men? Apparently they are the forgotten majority who are lost in discussions about work/life balance that include a demanding job and kids. EY partner and "Inclusiveness Officer" Karyn Twaronite recently wrote this piece in HuffPo asking what about the men? Well? What about them? Thankfully, EY's male professionals increasingly […]

A Phone Call From Your Mom Will NOT Help You Land a Big 4 Job

Oh dear God, not this again: Stories abound of millennials showing up in casual clothes for formal interviews, bringing—and using—their phones during the interview and worse. Not only that, in a survey of 22- to 26-year-old college graduates by Adecco, a staffing and recruiting company, 8 percent reported that a parent accompanied them on at […]

Frustrated EY Employee Vandalizes Office Breakroom in Protest Over March Madness Blocking

We're getting word some people are taking March Madness really, really serious, guys: EY Houston asking us to post our brackets in the breakroom I think you should tell us how you really feel.

EY Finally Embraces the Disruptive Technology That is Microsoft Outlook

This is the biggest news to come out of EY! since the big rebranding: To:     US Personnel    March 21, 2014 From:  Xxxxx, Xxxxxxx, Americas Administration Leader       Microsoft Outlook deployment begins in the USI’m very pleased to announce that on April 7, 2014 the US firm will begin migrating to Microsoft Outlook, […]

Someone at EY Didn’t Get the Memo About Coming in This Weekend

Just in case you weren't planning on enjoying the weekend you may not even get a chance to enjoy, EY sent out a friendly reminder on Twitter (just go ahead and twist the knife, guys): It's almost here … #HappyFriday #TGIF #BetterWorkingWorld http://t.co/YbhPJ7CI5b — EY US Careers (@EY_CareersUS) February 28, 2014 Yeeeeaaaahh, I'm gonna need […]

Big 4 Firms Making Necessary March Madness Preparations as Usual

It's that time of year again! No, not busy season, but time for the pre-March Madness reminder from TPTB that company bandwidth should be saved for client service and only client service. EY appears to be first out of the gate with this email that allegedly got sent around this week: As a follow up […]

We Can’t Find a Single Thing to Mock in Mark Weinberger’s LinkedIn Debut

Trust us, we looked. In case you missed it, our CEO & Chairman is now a LinkedIn Influencer. Read his first post here: http://t.co/WdmzLv0TEt via @LinkedInPulse — EY (@EYnews) February 25, 2014 We humbly present the first part of Three Critical Skills Today’s Leaders Need: Which of the following factors can render your business model […]

NY State Is Serious About the Battle with EY Over Lehman Audit Fees

Not so fast, Ernst & Young. You may be able to rebrand and spout off a bunch of feel good hooey about integrity or whatever silly phrase you're using these days but you're gonna need a bigger rug under which to sweep Lehman, guys: A New York state appeals court on Thursday revived the New […]

EY Offers a Fantastic Employee Perk, the Only Problem Is You Won’t See It Until You’re Dead

Of course if an accounting firm were to make a list of "the ten top perks from Best Companies 2014," it would be for money. No, not a bonus. Well, maybe it's considered a bonus if your wife never really liked you that much anyway: E&Y's benefits span beyond the living. If an employee dies […]

If You’re Going to Commit Fraud, Avoid These Obvious Phrases In Your Company Email (Duh)

Our friend and ex Crazy Eddie CFO Sam Antar has a new bug up his criminal ass, and it's EY teaming up with the FBI to combat obvious fraud. Check this out from Compliance Week: What do phrases such as "nobody will find out," "grey area,"and "they owe it to me" have in common? According […]

EY Wishes You the Slowest Holiday EVER

GAH. As bad as the McGladrey card was, at least they got it over with quickly. WHAT IS HAPPENING HERE? Well, that's another 24 seconds that felt like 3 hours I will never get back. (if the Flash embed isn't working for you, you can find the card here. I warn you, though, it's bad. […]

@EYstaff Memorializing Nelson Mandela By Tweeting an Inspirational Quote He Never Actually Said

Call this a public service because you, too, may feel compelled to spread this meme today. Love this quote from #NelsonMandela – What an inspiring man. #RememberingMandela pic.twitter.com/x9UppWY4Xi — Life at EY (@EYstaff) December 6, 2013 Well, there's one indisputable fact here, he was an inspiring man. However, that quote isn't his. [Note: as I […]

An EY Partner Scores a Victory For Creativity From Behind the Lens

This guy right here: Aleksander Poniewierski is a partner and a leader of IT Advisory Services over at EY Poland. EY writes, "[he] sets an excellent example of effective combination of professional career with private life and interests. Aleksander currently sells his photos, distributing money to charities – such as EY Foundation, which supports children […]

Life at EY Just Got Exceptionally Less Boring In One Conference Room

Oh man, sounds like fun, where do I sign up? @EYstaff Meeting! What's on your agenda today? pic.twitter.com/ivH7mipkYx — Life at EY (@EYstaff) December 4, 2013 Oh man, are those even real windows or is this like the Umbrella Corp secret underground lab with simulated outside reality? Protip: if your propaganda account exists solely to […]

EY Still Planning to Settle With Lehman Investors, Also Still in Denial

Back in October, it was reported that EY planned to settle with Lehman Bros investors, subject to court approval (EY's denial notwithstanding): Ernst & Young LLP has agreed to pay $99 million to settle investor class-action allegations that it turned a blind eye when its audit client Lehman Brothers Holdings Inc. misled investors before the […]

You Have Five Minutes with EY’s CEO Mark Weinberger…

Sometimes Life at EY means dreaming of having the big guy all to yourself: What would you say if you had 5 minutes to speak to our CEO, @Mark_Weinberger ? #FoodForThought — Life at EY (@EYstaff) November 25, 2013 Would you bring up the PCAOB inspection stats? Do you give him the full troll treatment […]

EY and KPMG Joining Forces To Create Something Rotten in the State of Denmark

There's something cooking in Denmark, folks, and it smells like a merger that will form the Big 3 1/2: EY Denmark and KPMG Denmark have announced they are to combine operations The proposed agreement between the fellow Big Four members is still subject to regulatory approval. As such both will continue to operate separately for […]

Who Knew EY Was Hiding Decent Artists?

No, not creative financial artists, like art artists. The EY Exhibition – Paul Klee: Making Visible opened at the Tate Modern in London on October 16, 2013 and runs through March 9 2014. Paul Klee famously described drawing as "taking a line for a walk." and in that vein, EY invited their staff and families […]

EY Is Pounding the Pavement for Auditors

Are you in the UK? Are you looking for a career opportunity with a global company? Are you walking on a sidewalk? Great, have we got the campaign for you! If you really think about it, who better to recruit than a bunch of aimless shoegazers?

EY Tops Big 4 Las Vegas Firms in Hindering Its Advisory Business Growth

In this day and age of professional service firm trends, it's strange to see an announcement that highlights the audit business in the lead paragraph:  [On Monday] Ernst & Young LLP’s Las Vegas office celebrates its 10th anniversary. Since its opening here in 2003, it has become the nation’s largest fully integrated gaming and hospitality practice, […]

Ernst & Young, Living in Denial, Settles with Lehman Investors for $99 Million

This is rich. Michael Rapoport reports: Ernst & Young LLP has agreed to pay $99 million to settle investor class-action allegations that it turned a blind eye when its audit client Lehman Brothers Holdings Inc. misled investors before the investment bank's 2008 collapse. The investors and Ernst "have reached an agreement in principle" to settle the […]

EY’s Postmortem Work on the Bank Suing Them Is Not a Conflict, Maybe Just a Little Awkward

As we all know, audits can only do so much. It's entirely reasonable for a large, global firm to miss a few million bucks stashed away somewhere and if the entity being audited just happens to need a government bailout to keep from bringing down the entire economy, well don't blame the auditors. Fair enough. […]

(UPDATE/CORRECTION) Two Ernst & Young Employees Seek Financial Backing for Their Non-flammable Cooking Headwear Business

See update/correction below. I don't watch much TV, so it's no accident that I missed Shark Tank on Friday. Apparently it's a show where people pitch their ideas to Mark Cuban and other people that have names and lots of money from building businesses. I feel like this show has been done before but my […]

Ex-EY Partner Not Getting His Day in Supreme Court

Robert Coplan, one of three former EY partners who were convicted of selling illegal tax shelters that cost the government $2 billion, has had his case rejected by Supreme Court. Coplan's conviction was upheld last November by the U.S. Court of Appeals in New York and he was hoping to challenge one count in front […]

EY Still Has Plenty Room for College Students That Prefer Gainful Employment to Eating Out of a Dumpster

Could someone please notify a certain Bloomberg BusinessWeek editor? Ernst & Young LLP plans to make roughly 10,600 hires in the U.S. during fiscal year 2014, the company told eFinancialCareers. The Big Four accounting firm is looking to recruit 6,300 students while making 4,300 experienced hires during the fiscal year, which began in July. The anticipated […]

EY’s Dan Black Will Not Allow Himself to Be Trolled By Bloomberg Businessweek

Bloomberg Businessweek Associate Editor Louis Lavelle recently spoke to Dan Black, the head of EY recruiting in the US. Instead of pandering to Mr Black — who, admittedly, does plenty of pandering of his own — BB goes straight for the jugular in this interview. Case in point, this hard-hitting question: The College Board recently […]

Early Odds Point to EY as Twitter’s Auditor

We're sure some of you know who the firm is already, but there's nothing out there yet so we'll refrain from calling it official. But! Audit Analytics has some stats on the 248 IPOs since April 2012 that show EY is a big favorite among EGCs since the JOBS Act was passed:  Since April 2012, […]

Let’s Walk Down Memory Lane with Ernst & Young and Lehman Brothers

This week, lots of people are talking about the Lehman Brothers bankruptcy because five years is half of a decade and, well, it was the biggest bankruptcy in U.S. history so that counts for something. Yesterday, we linked to the DealBook story that explains why the SEC threw in the towel and for me, it's one […]

Auditor Market Share for IPOs Offers More Than Enough Consolation for Ernst & Young

Remember this chart from last month? #CPA link: Mo' Money, Mo' Problems: Faulty Big Four audits climb (along with their fees) http://t.co/M57S1ovtX9 pic.twitter.com/4wHa1xmQ9h — Rick Telberg (@CPA_Trendlines) August 15, 2013 Yep, the one where EY!'s deficient audits blast off like rockets into Syria. It's the kind of info that doesn't make any of the new EY! […]

Not Everyone Using the Ernst & Young Men’s Room Is a Stand Up Guy

A top secret "restroom correspondent" at an unnamed EY! location informs us that the following was prominently featured on the lunchroom wall for all of "22 minutes on Friday till the OMP popped by":   EY! Bathroom Etiquette For Feral Males What is it, exactly, with EY! and bathrooms? Apparently some people need to be […]

Ernst & Young’s PCAOB Inspection Results Look Even Worse in Chart Form

Last week, we discussed just how bad EY's auditing had gotten from a PCAOB inspection report perspective. And with a failure rate of 48% we can all say, "That sucks, EY," with the utmost confidence.  Yet, nothing in the PCAOB inspection report or anything we wrote last Tuesday sums things quite like this chart from the […]

Here’s Your Open Thread for EY Compensation Discussions (2013)

The time has finally come for employees of all Black and Yellow stripes to discuss their financial satisfaction (or lack thereof) for this year.  There's seems to have been quite a bit of EY-centered discussions this summer, everything from prolific Twitter accounts to news of a lot fewer audit clients to their PCAOB inspection report that […]

Ernst & Young Staff Has Worked Himself Into Oblivion

How did I miss the EY reference when Kristen Wiig was hosting SNL?!?! Just don't agree that our world is boring haha…http://t.co/Pzcg0I6aWj — Life at EY (@EYstaff) August 7, 2013

Ernst & Young’s PCAOB Inspection Report Results Managed to Get Much Worse

Just yesterday we ran down the 2011 performance of the eight largest public accounting firms in this fair land. And just as soon as people were starting to get their knickers in a twist, the PCAOB released its 2012 inspection report for the firm formerly known as Ernst & Young. And yes, the firm's error […]

Ernst & Young Lost a Lot of Audit Clients Last Quarter

I suppose "a lot" is a relative term, but I think most people would agree that to lose, on average, more than one client per week constitutes "a lot."

Ernst & Young Trusts That Everyone Knows Those ‘Sexy Boys’ Aren’t Building a Better Working World

As you know, earlier this month the accounting firm formerly known as Ernst & Young unveiled a major rebranding. We spoiled things a little bit by breaking the news early, but what no one knew — including, apparently, everyone involved in the makeover — was that there was quite a surprise awaiting anyone who searched Google […]

Jim Turley Bestows Another Rose

After Citigroup announced that Jim Turley would be joining its Board of Directors in order to give it a slightly more credible appearance, St. Louis-based Emerson Electric Co. has managed the good fortune to have JT on their BOD. Turley will serve on the audit, and corporate governance and nominating committee. For those curious, Emerson's […]

It Took a Week for Jim Turley to Find Work

U.S. government parolee, Citigroup, announced today that it's expanding its board of directors to include Gary Reiner, a former CIO at GE, and Jim Turley, EY's beloved former DJ, fashion-forward footwear-er, and Chuck Norris nemesis.  This transition is par for the course when it comes to Big 4 CEO/Chairs, with Tim Flynn and Sharon Allen serving […]

The EY Rebranding Has Gotten More Exposure Than It Bargained For (Slightly NSFW)

It's been an exciting week at EY, what with the rebranding, tagline, Vision 2020 a new CEO and all. It marks the culmination of a lot of hard work on the part of marketing, communications, leadership, web designers, programmers, and countless other professionals to get to this moment. And it appears that at no point […]

The Screaming at EY Has Stopped

Not about the new rebranding, mind you. God, no. They took out a full-page ad in the WSJ for crying out loud. This is a far more important development: Update to ice cream at EY Houston — none has been seen for weeks. The whole thing lasted a few days. Summer of fun, my ass. In […]

Sadly, EY’s Farewell to Jim Turley Has No Mention of a Cake Party

I'm sure EY sent him off in style on Friday, which probably includes a gold watch, a gift card, or something, but there's no mention of any festivities in the internal message that was forwarded to us over the weekend: A special message to US and Canadian Ernst & Young alumni:   We wanted to […]

Here’s the New EY Logo and Tagline You’ve All Been Waiting For

We received a few messages with images over the weekend and there has been little reaction so far, other than "not really digging it." Personally, I'm a fan of brevity and seeing how PwC's big makeover was shocking, EY seems to have made things more sleek without drastically changing their look. We're soliciting feedback from […]

The New EY: A $50 Billion Revenue Goal, Squishy Independence, and Adios to the Ampersand

Nearly three years ago we surprised everyone with the news that PwC was rebranding itself. It was big news for awhile and not everyone liked the new look, but just like a website, eventually people get tired of bitching about the changes and they move on. Shortly thereafter, we highlighted an obscure report from Marketing […]

Ernst & Young Hired Some People

We like to call attention the competitive poaching that goes on behalf of accounting firms because they do such a good job of bombarding the world with that knowledge. It probably got started when we noticed that PwC was using KPMG as its farm teambut more so lately, we've noticed that Ernst & Young aggressively shouting about all the BSDs that are joining the Black and Yellow. 

Let’s Welcome Ernst & Young CEO-elect Mark Weinberger to Twitter, Everybody

M. Dubs broke his Twitter cherry on a Saturday: My congratulations to @hamdiulukaya CEO of @chobani – our World Entrepreneur of the Year 2013! #WEOY — Mark Weinberger (@Mark_Weinberger) June 8, 2013 This is only the second major accounting firm CEO to be on the Twits with ex-Deloitte global chief Jim Quigley being the first. […]

(UPDATE) Summer at Ernst & Young Might Just Be a Tad Sweeter Now

Yesterday, we reported that KPMG was providing ample protein to its partners and employees this summer as a way of saying, "Thanks for all your hard work and not passing material non-public information to someone outside the firm who then used that information to make trades in our audit clients' stock." And for the most […]

Ernst & Young Adds to Its Murderers’ Row of Tax Experts

Ernst & Young has wrestled Jeff VanderWolk away from the Senate Finance Committee where he served as international tax counsel. He'll be an executive director in the National Tax and Americas Tax Center reporting to former assistant treasury secretary for tax policy, Michael Mundaca, according to The Hill. E&Y has been building up its National Tax Practice […]

Promotion Watch ’13: Here’s the Ernst & Young Americas Partner Class for 2013

Welcome back, capital market servants. Hopefully you achieved some combination of suntan/burn, hangover, and meat sweats this past weekend.    Speaking of achievement! Last week while we were all distracted by Memorial Weekend daydreams, Ernst & Young announced their 2013 Partner, Principal, Executive Director, and Director (aka "PPEDD") class for the Americas (this includes North […]

Ernst & Young Latest Big 4 Firm to Have Part II of PCAOB Inspection Report Released

Okay, remind me — there's a saying about "three" and "trend" or "pattern" or something? Forget it, not important. What is important — at least we've made the argument that it is — is that the PCAOB released Part II of Ernst & Young's 2009 inspection report. That makes three out of four Big 4 […]

Ernst & Young Interns Made Fully Aware of Insider Trading’s Pitfalls

With full-time personnel already on notice, E&Y figured any interns not already familiar with insider trading should be made aware that material, non-public information about a client should not be used to trade securities. Nor should you pass it to your golfing buddy, local jeweler, or connection for hard-to-get concert tickets.  A tipster sent us […]

In Light of Current Events, Ernst & Young Reminds All Personnel That Insider Trading Is a Big No-no

Have you or someone you know considered passing some non-public information to anyone who has access to concert tickets and/or is offering a discount on a timepiece and/or envelopes of cash? If so, the ethics and compliance folks at E&Y are asking that you take few minutes to read this quick refresher: Internal memorandum    […]

Please Don’t Celebrate the End of Busy Season By Doing the Harlem Shake

This effort was put forth by a team in the E&Y San Antonio office and if you’re a dancing accountants aficionado, it serves as another opportunity to study technique, enthusiasm, and production quality. It’s fine effort by E&Y Alamo, I suppose. The Darth Vader mask is a nice touch. There’s no random baby in a […]

Depending On How This Gay Court Stuff Goes, Ernst & Young Might Have a Little Extra Pocket Change

According to this recent HuffPo article, a favorable DOMA decision might save a few bucks for big employers like Ernst & Young: After her partner gave birth to triplets in 1998, Chris Crespo began paying closer attention to the employee benefits offered by her company, major accounting firm Ernst & Young. "I wanted to make […]

One Ernst & Young Employee Doesn’t Think It’s Too Early To Get Excited About Four-day Weekends

From the mailbag: Got a voice from Kay Matthews, EY West Sub-Area Managing Partner [last week]. They are giving the employees in the West Sub-Area an extra day off for our "hard work".  The Thursday before the 4 day Memorial Day weekend will be called "West Region Say's Thank You Day".  Woohoo! Once you manage to quit dancing […]

Ernst & Young Will Probably Have Better Than Average Seats for Super Bowl XLVIII

Todd Christie, brother of Chris, is now a director in Ernst & Young's Northeast Practice Market Team. The E&Y press release says that "Christie will direct the firm’s efforts to development new business relationships throughout the New York area." That's a PR way of saying, "We like your big Rolodex." And yes, having a direct connection to […]

The E&Y Spy Story Is Even Weirder Than We Thought

On Monday we shared the story of Express Scripts suing Ernst & Young and one of its former partners, Donald Gravlin, of stealing a bunch of proprietary information from the company's headquarters in St. Louis. The suit went so far to say that the firm and Gravlin had an "evil motive" and "engaged in unlawful and […]