Ernst & Young: One of the Big Four accounting firms

Considered to be one of the Big Four accounting firms, Ernst & Young is a global leader in assurance, tax, transaction and advisory services.  Ernst & Young work with more than 200,000 clients in 150 countries, from start-ups to multinationals across all sectors, helping them meet their most pressing challenges.

Image Source - The Independent

More About EY

EY was formed in 1989 when the third-largest accounting firm at the time, Ernst & Whinney, merged with the sixth-largest firm, Arthur Young forming what, at the time, was the world's largest accounting firm. It was known as Ernst & Young until 2013 when it underwent a rebranding to EY. Today EY is considered to be one of the Big Four accounting firms along with Deloitte, KPMG and PricewaterhouseCoopers.

EY advanced its market presence in strategic consulting and entered into direct competition with what has been a traditional field of Big 3 companies, namely Bain, McKinsey and BCG. EY offers assurance, audit, tax, financial, and business advisory services to the automotive, financial, government, entertainment, mining, real estate, technology, and telecommunication industries.

The company is headquartered in London, the United Kingdom and has 270,000 employees in over 700 offices around 150 countries in the world.

Mission Statement and Tagline of EY

At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

Tagline of EY - "Building a better working world"

EY Leadership Team

EY has a global leadership team that sets a single global strategy and agenda. This management structure allows EY to make decisions and support exceptional client service wherever in the world EY clients do business.

Main Competitors of EY

• Deloitte Consulting
• PricewaterhouseCoopers
• KPMG
• McKinsey and Company
• Accenture
• Boston Consulting Group
• Bain & Company

EY Services and Product

• Assurance: Business success is inherently governed by increasingly complex and broadening regulatory requirements and stakeholder demands. Strong independent assurance through audits provides critical information for investors and other stakeholders, a robust and clear perspective to audit committees and timely and constructive input to management. Another critical area which is part of the EY Assurance function is the Fraud Investigation & Dispute Services practice which looks into business risk areas. It is an especially rapid growth function given the complex issues of fraud, regulatory compliance and business disputes that are emerging in the current economic environment.
  
  
• Tax: Offerings include tax strategies aligned with a company’s business drivers, built on effective compliance and open, transparent reporting. EY brings to the table highly networked teams who can advise on planning, compliance and reporting and maintaining good relationships with tax authorities.
  
  
• Advisory: Offers a wide range of solutions centered on improving business performance and effectiveness through examining everything from core management and business processes to future directions and opportunities for growth.
  
  
• Transactions: EY offers integrated, objective advisory services that are designed to help you make better decisions about how you strategically manage capital and transactions.