When accounting goes unaccounted for
Financial Times reported moments ago:
EY has called off the plan to break up its audit and consulting businesses after months of internal disagreement.
The decision is set to be communicated to partners in a note on Tuesday, said people with knowledge of the matter.
More to come shortly.
Evidently EY missed its revenue target and as a result, some EYers are getting bad […]
A soon-to-be E&Y associate would really like to get their very own version of Alan the Accountant but would prefer it if Ernie chipped in with the whole iPhone part of that equation:
I’m starting with Ernst & Young in the fall, and was wondering whether you know if Ernst & Young allows iphones to be used with their system like Deloitte? I don’t really want to ask a recruiter or anything just in case it looks bad.
For the record, some of the recruiters are easily rankled, so if there’s anything you don’t want to ask a Big 4 recruiter, you can certainly ask us.
Back to the issue at hand – if your memory serves, you’ll recall that Deloitte has been allowing all professionals to opt for the iPhone for awhile but it was just back in January that the firm quit charging you $13 a month for it.
But as far as E&Y goes, we’ve got no idea what the iPhone situation is, so enlighten the future associate.
Yeah, there are doubters, but that doesn't mean Black and Yellow isn't going to try […]
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LMFAO
Julie sent out an email to all US personnel about 15 minutes ago. bye-bye Carmine
Can someone please send it over so we can see it? editor@goingconcern.com
Carmine legacy
Not a surprise. When can we expect the going concern article about PWC “executives” galavanting around with Clarence Thomas and his billionaire buddy
Way to be that guy and bring politics into this. Moron.
His comment wasn’t political. It was judicial. A crooked judge who should never have been given a lifetime job and by all accounts the judge with the least judicial knowledge. That is until Kavanaugh and Coney Barrett got there
Love this UK partner’s comments (Anna Anthony). She must be an idiot. Deferred or delayed projects – so they will spend the $400 million – but what about the $600 million?!! EY’s UK firm is planning cost-cuts. Carmine must go as well – just looking to line his pockets ($10 million+) and CEO for the lucrative public consulting company – sorry Carmine, no dice!
Besides her, others heads need to roll; this will have a major impact on its culture for years to come (and with recruiting). “Never Mind” says the recruiters.
>>The firm spent $600 million and more than a year working on the split, executives said on internal webcasts on Wednesday. That tally includes $300 million of payments to a raft of top-tier investment banks and law firms and other outside costs, as well as $300 million of partner time and other costs within the firm. <>Anna Anthony, a senior executive at EY’s U.K. arm, played down the spending on a call with partners, saying the cost was offset by $400 million that EY saved on projects that were delayed or deferred because of the proposed split.<<