EY is the name of one of the Big Four professional service companies (tax, audit etc.). What was its full name before a rebranding in 2013?
"Ernst & Young Ernst & Young (doing business as EY) is a multinational professional services firm headquartered in London, England, United Kingdom. EY is one of the largest professional services firms in the world and is one of the ""Big Four"" accounting firms. EY operates as a network of member firms which are separate legal entities in individual countries. It has 250,000 employees in over 700 offices around 150 countries in the world. It provides assurance (including financial audit), tax, consulting and advisory services to companies. The firm dates back to 1849 with the founding of Harding & Pullein in"
"200 wealthy individuals advised by four Ernst & Young senior partners between 1999 and 2004. In 2013, EY changed its brand name from Ernst & Young to EY and tagline to ""Building a better working world"". In 2013, the Pope of the Roman Catholic church hired EY to help review Vatican City State's finances and help “verify and consult” the institution’s administration, including the museums, post office and tax-free department store. EY expanded further and acquired all of KPMG Denmark's operations including its 150 partners, 1500 employees and 21 offices. In 2015, EY opened its first ever global Security Operations"
"separate its consulting practices via a sale to the French IT services company Capgemini for $11 billion, largely in stock, creating the new company of Capgemini Ernst & Young, which was later renamed Capgemini. In 2002, EY took over many of the ex-Arthur Andersen practices around the world, although not those in the United Kingdom, China, or the Netherlands. In 2006, EY became the only member of the Big Four to have two member firms in the United States, with the inclusion of Mitchell & Titus, LLP, the largest minority-owned accounting firm in the United States. In April 2009, Reuters"
"and located it in Muscat, Oman to cover the MENA region as part of a $10 million investment. In 2018 EY announced it was opening an IT 'Tech' Hub in Nashville, Tennessee, creating 600 new jobs for the region. EY is the most globally managed of the Big Four firms. EY Global sets global standards and oversees global policy and consistency of service, with client work performed by its member firms. Each EY member country is organized as part of one of four areas. This is different from other professional services networks, which are more centrally managed. The four areas"
"are: Each area has an identical business structure and a management team, which is led by an Area Managing Partner who is part of the Global Executive board. In India, since ICAI regulations do not permit foreign firms to carry out company audits, Ernst and Young carries them out through ""SR Batliboi & Co"", an accountancy firm headquartered in Mumbai. They carry out audits for large companies such as Vedanta Limited and V-Guard under partnerships called S.R.Batliboi & Co LLP and S.R.Batliboi & Co Associates. EY has the following four main service lines: The rebranded EY logo was unveiled in"
"heels of another merger plan announced in September 1997 by Price Waterhouse and Coopers & Lybrand. These plans were abandoned in February 1998 due to client opposition, antitrust issues, cost problems and difficulty of merging the two diverse firms and cultures. EY had built up its consulting arm heavily during the 1980s and 1990s. The U.S. Securities and Exchange Commission and members of the investment community began to raise concerns about potential conflicts of interest between the consulting and auditing work amongst the Big Five and in May 2000, EY was the first of the firms to formally and fully"
"Smith & Whinney. In 1979, this led to the formation of Anglo-American Ernst & Whinney, creating the fourth largest accountancy firm in the world. Also in 1979, the European offices of Arthur Young merged with several large local European firms, which became member firms of Arthur Young International. In 1989, the number four firm Ernst & Whinney merged with the then number five, Arthur Young, on a global basis to create Ernst & Young. In October 1997, EY announced plans to merge its global practices with KPMG to create the largest professional services organization in the world, coming on the"
"it. The Big Four are the four largest international professional services networks, offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance, and legal services. They handle the vast majority of audits for publicly traded companies as well as many private companies, creating an oligopoly in auditing large companies. It is reported that the Big Four audit 99% of the companies in the FTSE 100, and 96% of the companies in the FTSE 250 Index, an index of the leading mid-cap listing companies. The Big Four firms are shown below, with their latest publicly available data. None of the Big Four"
"country. In 2007 KPMG announced a merger of four member firms (in the United Kingdom, Germany, Switzerland and Liechtenstein) to form a single firm. Ernst & Young also includes separate legal entities which manage three of its four areas: Americas, EMEIA (Europe, The Middle East, India and Africa), and Asia-Pacific. (Note: the Japan area does not have a separate area management entity). These firms coordinate services performed by local firms within their respective areas but do not perform services or hold ownership in the local entities. This group was once known as the ""Big Eight"", and was reduced to the"
"The Big Five became the Big Four after the fall of Arthur Andersen in 2002, following its involvement in the Enron scandal. None of the Big Four firms is a single firm; rather, they are professional services networks. Each is a network of firms, owned and managed independently, which have entered into agreements with other member firms in the network to share a common name, brand and quality standards. Each network has established an entity to co-ordinate the activities of the network. In one case (KPMG), the co-ordinating entity is Dutch, and in three cases (Deloitte Touche Tohmatsu, PricewaterhouseCoopers (PwC)"
"coordinate services performed by local firms within their respective areas but do not perform services or hold ownership in the local entities. This group was once known as the ""Big Eight"", and was reduced to the ""Big Six"" and then ""Big Five"" by a series of mergers. The Big Five became the Big Four after the demise of Arthur Andersen in 2002, following its involvement in the Enron scandal. Costs of audit services can vary greatly dependent upon the nature of the entity, its transactions, industry, the condition of the financial records and financial statements, and the fee rates of"
"throughout North America. In October 2007, the company changed its name to Ryan LLC. In 2012, Ryan LLC acquired the TAARP Group, a tax and penalty review firm. Since 2012, Ryan LLC has been included on the Inc 5000 list of fastest growing companies. Ryan LLC acquired the property tax services business from Thomas Reuters in January 2013. In November 2014, Ryan LLC announced its purchase of WTP Advisors, an independent tax services firm. Ryan purchased Taxaccord, a tax automation services firm, in January 2015. In March 2015, Ryan LLC acquired Second Decimal, a tax technology firm. Ryan LLC acquired"
"mainland China, which had received 99.98% of the fee. This was important because shareholders have less confidence in mainland auditors and because audit papers on the mainland are subject to state secrecy laws and can be withheld from outside regulators. EY's quality and risk management leader (Greater China) even testified in the Court of First Instance that he was not sure whether there was a formal agreement covering the relationship between the two EY entities. The court case in 2013 came as US regulators were taking an interest in similar cases of accounting fraud in mainland China. In 2014 tax"
"second half of the 1980s, the big accounting firms entered the IT consulting segment. The then Big Eight, now Big Four, accounting firms (PricewaterhouseCoopers; KPMG; Ernst & Young; Deloitte Touche Tohmatsu) had always offered advice in addition to their traditional services, but from the late 1980s onward these activities became increasingly important in relation to the maturing market of accounting and auditing. By the mid-1990s these firms had outgrown those service providers focusing on corporate strategy and organization. While three of the Big Four legally divided the different service lines after the Enron scandals and the ensuing breakdown of Arthur"
"& Lybrand to form PricewaterhouseCoopers. The Big 5 Accounting Firms were: The Enron collapse and ensuing investigation prompted scrutiny of their financial reporting, which was audited by Arthur Andersen. Arthur Andersen was eventually indicted for obstruction of justice for shredding documents related to the audit in the 2001 Enron scandal. The resulting conviction, though later overturned, still effectively meant the end for Arthur Andersen. Most of its country practices around the world have been sold to members of what is now the Big Four—notably Ernst & Young globally; Deloitte & Touche in the UK, Canada, Spain, and Brazil; and PricewaterhouseCoopers"
"and Ernst & Young (EY)) the co-ordinating entity is a UK limited company. Those entities do not themselves perform external professional services and do not own or control the member firms. They are similar to law firm networks found in the legal profession. In many cases each member firm practices in a single country, and is structured to comply with the regulatory environment in that country. In 2007, KPMG announced a merger of four member firms (in the United Kingdom, Germany, Switzerland and Liechtenstein) to form a single firm. Ernst & Young (EY) also includes separate legal entities which manage"
"the British firms AYH in June 2005, EC Harris in November 2011, and Berkeley Consulting in October 2014. Axtell Yates Hallett ('AYH') was a British quantity surveying firm, founded by Stanley Axtell and his colleagues Messrs Yates and Hallett in the City of London in 1946. Throughout this period, the firm grew steadily and broadened both its service base to include firstly project management and subsequently building surveying and facilities consultancy and its area of operation with the opening of regional and overseas offices in the United Kingdom. Following a period of retrenchment during the economic recession of the beginning"
"was reported that the Big Four audit 99% of the companies in the FTSE 100, and 96% of the companies in the FTSE 250 Index, an index of the leading mid-cap listing companies. Such industry concentration has caused concern and calls for the Competition and Markets Authority to consider breaking up the Big Four. In October 2018, the CMA announced it had launched a detailed study of the Big Four's dominance of the audit sector. This group was once known as the ""Big Eight"", and was reduced to the ""Big Six"" and then ""Big Five"" by a series of mergers."
"three of its four areas: the Americas, EMEIA (Europe, the Middle East, India and Africa), and Asia-Pacific. (Note: the Japan area does not have a separate area management entity.) These firms coordinate services performed by local firms within their respective areas but do not perform services or hold ownership in the local entities. Since 1989, mergers and one major scandal involving Arthur Andersen have reduced the number of major professional-services firms from eight to four. The firms were called the Big Eight for most of the 20th century, reflecting the international dominance of the eight largest firms (presented here in"
"Peat Marwick merged with the Klynveld Main Goerdeler (KMG) group to become KPMG Peat Marwick, later known simply as KPMG. Competition among these firms intensified and the Big 8 became the Big Six in 1989 when Ernst & Whinney merged with Arthur Young to form Ernst & Young (EY) in June, and Deloitte, Haskins & Sells merged with Touche Ross to form Deloitte & Touche in August. Confusingly, in the United Kingdom the local firm of Deloitte, Haskins & Sells merged instead with Coopers & Lybrand. For some years after the merger, the merged firm was called Coopers & Lybrand"
"Centre at Thiruvananthapuram, Kerala in India and will invest $20 million over 5 years to combat increasing threat of cybercrimes. In 2016 EY audited 947 public companies which are registered with the US SEC, more than any other auditing firm. In 2017 EY announced it was opening an executive support center in Tucson, Arizona, creating over 125 new jobs. In 2017 the company began looking for a location for a new, $4.35 million professional services center in Louisville, Kentucky, creating 125 new jobs, due to open in mid-2018. In 2017 the company opened the first Digital Security Operations Center worldwide,"
"the time, 3% of its sales were derived from its retail operations. In early 2013, the company rebranded as ""OfficeMax Grand & Toy"", as part of an effort by its U.S. parent company to present a unified brand to customers across North America. However, by the end of the year, OfficeMax had merged with U.S. competitor Office Depot. In December 2014, the Canadian operation announced it would rebrand back to simply ""Grand & Toy"", explaining the reversal as an expression of ""confidence in Grand & Toy’s brand legacy and a strong commitment to its long-term success"". Grand & Toy's current"
"alphabetical order): Most of the Big Eight originated in an alliance formed between British and U.S. audit firms in the 19th or early 20th centuries. Price Waterhouse was a UK firm which opened a U.S. office in 1890 and subsequently established a separate U.S. partnership. The UK and U.S. Peat Marwick Mitchell firms adopted a common name in 1925. Other firms used separate names for domestic business, and did not adopt common names until much later: Touche Ross in 1960, Arthur Young (at first Arthur Young, McLelland Moores) in 1968, Coopers & Lybrand in 1973, Deloitte Haskins & Sells in"
"well as many private companies, creating an oligopoly in auditing large companies. It is reported that the Big Four audit 99% of the companies in the FTSE 100, and 96% of the companies in the FTSE 250 Index, an index of the leading mid-cap listing companies. The Big Four firms are shown below, with their latest publicly available data. None of the Big Four firms is a single firm; rather, they are professional services networks. Each is a network of firms, owned and managed independently, which have entered into agreements with other member firms in the network to share a"
"the ""Big Eight"". On 1 July 1998 the worldwide merger of Price Waterhouse and Coopers & Lybrand created the current PricewaterhouseCoopers. PricewaterhouseCoopers is the world's largest professional services firm measured by revenues and one of the ""Big Four"" accountancy firms. Montgomery established a collection of pine trees at his home in Greenwich, CT. In 1953 he donated his estate to the town and it is now a 102-acre park in the center of Greenwich. In commemoration of his donation a cultivar of the Colorado spruce was named ""Picea pungens 'Montgomery' "" in his honor. Montgomery collected manuscript account books and"
"March 2012 took the name Evry. The company made headlines in several major newspapers in Sweden in March 2009 when a consultant hired through a recruitment company was fired because he, outside work, had expressed political views belonging to the Pirate Party in a public chat interview organized by the newspaper Nerikes Allehanda. EDB Business Partner EDB Business Partner ASA, trading as EDB () was a Norwegian information technology company that supplied many services relating to computing, including operation, outsourcing and online banking. The company was headquartered in Oslo and listed on the Oslo Stock Exchange. Telenor owned 51.3% of"
"of the organization. During a 3-year period the business went through a big transition selling off non-core business, closing unprofitable plants and markets and reducing fixed costs and manning by more than 30%. Yara was spun out of Norsk Hydro and became a listed company in the spring of 2004. Since then, the market capitalization of the company increased several fold reaching about 100 billion NOK and being one of the largest companies on the Oslo Stock Exchange. Yara is one of the largest suppliers of fertilizer in the world with a presence on all continents. Dr. Enger resigned as"
"significantly into the strategy consulting market since 2010. In 2013, Deloitte acquired Monitor Group—now Monitor Deloitte—while PwC acquired PRTM in 2011 and Booz & Company in 2013—now Strategy&. From 2010 to 2013, several Big Four firms have tried to acquire Roland Berger. EY followed the trend, with acquisitions of the Parthenon Group in 2014, and both the BeNeLux and French businesses of OC&C in 2016 and 2017. Deloitte has been named as the largest consulting firm for six years running as per Gartner's annual consulting report. Deloitte Consulting is broken up into three practices: Human Capital, Strategy & Operations, and"
"with IBM, by far the largest, being cast as Snow White and the other seven as being dwarfs: Burroughs, Univac, NCR, CDC, GE, RCA and Honeywell. In the 1970s, after GE sold its computer business to Honeywell and RCA sold its to Univac, the analogy to the seven dwarfs became less apt and the remaining small firms became known as the ""BUNCH"" (Burroughs, Univac, NCR, Control Data, and Honeywell). To assist ""corporate identity"" the name was changed to Sperry Univac, along with Sperry Remington, Sperry New Holland, etc. In 1978, Sperry Rand, a conglomerate of various divisions (computers, typewriters, office"
"store to a larger space in Wausau's near west side. Three months later it combined the shipping department and various warehouses into a new Distribution Center located in the outskirts of Wausau. In March 1998, Eastbay converted its marketing website into an e-commerce site. Two additional call centers were subsequently opened in Oshkosh, WI and Green Bay, WI . The Green Bay call center is now closed. Juedes and Gering retired on June 30, 1999. Eastbay's parent company, F.W. Woolworth Company, also underwent a major revision, being reorganized as Venator Group in 1997 and changed its name in 2001 to"
"Insurance Group from IAG for £80 million. This prompted a transformation programme which led to the sale of EDBL and its personal accident and household books to Canopius. In April 2014, Equity Insurance Group rebranded to ERS and became a ""motor only, broker only"" insurer. It now operates solely as an A+ rated Lloyd's syndicate 218.[1] In 2014 ERS underwent structural changes to drive further organisational efficiencies and implement steps to help the company achieve its goal of a 90% combined operational ratio. This involved consolidating ERS’ offices into two locations (London and Swansea) and expanding both locations for growth."
"sports, golf, real estate, marketing, innovation and philanthropy."" YAM Capital is YAM Worldwide's private lending and investment arm, specializing in commercial real estate lending and acquisition of closely held middle-market companies. In 2013, Parsons acquired Martz Agency, a 25-employee public relations firm in Scottsdale, Arizona. In 2015, Bob Parsons rebranded the firm to BIG YAM, The Parsons Agency, a full-service advertising agency in Scottsdale, Arizona. In 2016, Parsons launched Sneaky Big Studios in Scottsdale at the YAM Worldwide Center where much of YAM Worldwide is based. Sneaky Big Studio provides production, post-production, and recording studio services including editorial, visual effects,"
"arrangements negotiated by EY for The Walt Disney Company, Koch Industries, Skype, and other multinational corporations became public in the so-called ""Luxembourg Leaks"". The disclosure of these and other tax arrangements led to controversial discussions about tax avoidance. In October 2016, EY settled with the SEC because they were unable to detect financial statement fraud that was committed by the Weatherford tax department. Weatherford misstated their financial statements by manipulating the income tax line item in their financials. EY was Weatherford's independent auditors when the fraud was perpetrated. EY's member firm in Japan, Ernst & Young ShinNihon, was fined ()"