Ernst & Young
Ernst & Young Global Limited, commonly known as Ernst & Young or simply EY, is a multinational professional services network with headquarters in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers, it is considered one of the Big Four accounting firms. It primarily provides assurance (which includes financial audit), tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting.
|Type||UK private company limited by guarantee|
|Predecessor||Ernst & Whinney|
Arthur Young & Co.
|Founded||1989(through merger of Ernst & Whinney and Arthur Young & Co.; oldest component from 1849)|
|Headquarters||London, England, UK|
|Carmine Di Sibio (Chairman, CEO)|
|Revenue||US$37.2 billion (2020)|
Number of employees
|Divisions||Assurance, Consulting, Strategy and Transactions, Tax, Legal|
EY operates as a network of member firms which are structured as separate legal entities in a partnership, which has close to 300,000 employees in over 700 offices in more than 150 countries around the world. The firm's current partnership was formed in 1989 by a merger of two accounting firms; Ernst & Whinney and Arthur Young & Co. It was named Ernst & Young until a rebranding campaign officially changed its name to EY in 2013, although this initialism was already used informally prior to its sanctioning adoption.
In 2019, EY was the seventh-largest privately owned organization in the United States. EY has continuously been ranked on Fortune magazine's list of the 100 Best Companies to Work For for the past 21 years, longer than any other accounting firm.
Early history and mergers
EY resulted from several mergers of ancestor firms over the last century and a half, the oldest of which was founded in 1849, in England, as Harding & Pullein. That same year, this firm was joined by an accountant named Frederick Whinney, who, a decade later, became a partner. After his son joined the firm, it was later renamed Whinney, Smith & Whinney, in 1894.
In 1903, the firm Ernst & Ernst was founded in Cleveland, Ohio, by Alwin C. Ernst, and his brother, Theodore Ernst. In 1906, Arthur Young & Co. was set up by a Scotsman accountant, Arthur Young, in Chicago. Starting in 1924, these two American firms became allied with prominent British firms; Young with Broads Paterson & Co.; and Ernst with the aforementioned Whinney Smith & Whinney. The latter of these two mergers spawned Anglo-American partnership Ernst & Whinney in 1979, then the fourth largest accountancy firm in the world.
In October 1997, Ernst & Young announced plans to merge its global practices with professional services network KPMG, to create the largest professional services organization in the world. The announcement came on the heels of an announced merger between Price Waterhouse and Coopers & Lybrand only a month earlier. These plans were soon abandoned in February 1998, due to several factors ranging from client opposition, antitrust issues, cost problems, and the anticipated difficulty of merging the two diverse firms and cultures. The merger between Price Waterhouse and Coopers & Lybrand, however, went ahead as planned, creating PricewaterhouseCoopers.
Ernst & Young expanded its consulting practice heavily during the 1980s and 1990s. During this time, the U.S. Securities and Exchange Commission, and various members of the investment community, began to raise concerns about a potential conflict of interests. This conflict would be brought about by firms offering both consulting and auditing services simultaneously to overlapping clients, a common practice among the "Big Five". In May 2000, Ernst & Young was the first of those firms to fully separate its consulting practices via a sale to the French IT services company Capgemini for $11 billion, creating the new company Capgemini Ernst & Young, which was later renamed back to Capgemini.
21st Century: Recent history, re-branding and expansion
In 2002, Ernst & Young serviced a large chunk of the clients previously working with Arthur Andersen after their downfall in connection with the Enron scandal, although it did not engage with any new Arthur Andersen clients from the United Kingdom, China, or the Netherlands. Four years later, Ernst & Young became the only member of the Big Four to have two member firms in the United States, with the inclusion of Mitchell & Titus, LLP in 2006, the largest minority-owned accounting firm in the United States. Mitchell & Titus ended its membership in the EY network effective October 30, 2015.
In April 2009, Reuters reported that Ernst & Young, spurred by the global economic downturn, had launched a cost-saving initiative encouraging its staff in China to take 40 days of low-pay leave between the summer of 2009 and the summer of 2010. Those who participated got a prorated salary equal to 20% of a regular salary, plus the benefits of a full-time employee. The initiative applied to employees in Hong Kong, Macau and mainland China, where the firm's employees numbered 8,500 in total. In 2010, Ernst & Young acquired Terco, the Brazilian member firm of Grant Thornton.
Also 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 2014, EY acquired global strategy consulting firm The Parthenon Group, gaining 350 consultants in its then-Transaction Advisory Services practice so that it could provide in-house strategy consulting services to its clients. The business unit has since been rebranded as EY-Parthenon and is one of the most selective strategy consultancies worldwide.
In 2015, EY opened its first global Security Operations Centre in Thiruvananthapuram, Kerala in India, and coincidentally invested $20 million over 5 years to combat the increasing threat of cybercrimes.
In 2017 EY announced it was opening an executive support center in Tucson, AZ, USA, creating 125 new jobs. That same year, the company opened a Digital Security Operations Center, located in Muscat, Oman, to cover the EMEIA region as part of a $10 million investment.
In 2018, EY opened a $4.4 million professional services center in Louisville, KY, USA, creating 125 new jobs, and announced it would open an IT / tech hub in Nashville, TN, USA, creating 600 regional jobs.
Each area has similar identical business structure and a unique dedicated management team, each led by an Area Managing Partner who is part of the Global Executive Board. In 2018, the company underwent a transformation of some of its region borders, primarily a unification of its CIS region (operating in the former Soviet Union) and the CEE region(Eastern Europe) to create the CESA block.
Over the course of its operations, EY has transformed its business model and diversified its pool of offered services. Over the course of the last decade EY has substantially altered its business approach to offer a more comprehensive scope of services. This is mainly attributed to an intensified competition in the existing market of professional services, and competition in new markets: investment banking and strategic consultancy. According to the latest published data, the company has the following four main service lines:
- Assurance: comprises Financial Audit, Financial Accounting Advisory Services, and Forensic & Integrity Services.
- Tax: Transfer Pricing, International Tax Services, Business Tax Compliance, People Advisory, Global Trade, Indirect Tax, Tax Accounting & Risk Advisory Services, Tax Technology and Transformation, Transaction Tax.
- Consulting: comprises two sub-service lines – Business Consulting and Technology Consulting.
- Strategy and Transactions or SaT: deals with companies' capital transformation – including Business Valuation and Economics, Due Diligence, Real Estate Advisory, M&A, Restructuring (financial and operational), Corporate Finance Strategy.
|Strategy and Transactions||4,100||4,052||3,622||3,067||2,728|
- Ernst & Young logo 1990 - 2012
- The EY logo from 2013 to 2018
- Logo 2019 to Present
Ernst & Young has been in accounting scandals – Bank of Credit and Commerce International (1991), Informix Corporation (1996), Sybase (1997), Cendant (1998), One.Tel (2001), AOL (2002), HealthSouth Corporation (2003), Chiquita Brands International (2004), Lehman Brothers (2010), Sino-Forest Corporation (2011), Olympus Corporation (2011), Wirecard (2020) and NMC Health (2020).
In 2004, Ernst & Young was punished for forming a lucrative business arrangement with one of its audit clients, PeopleSoft, thus creating a conflict of interest. As a result, the firm was barred by the SEC from accepting any new publicly traded companies as audit clients for six months.
In April 2004, Equitable Life, a UK life assurance company, sued EY after nearly collapsing but abandoned the case in September 2005. EY described the case as "a scandalous waste of time, money and resources for all concerned."
In 2009, EY, the former auditors of Sons of Gwalia, agreed to a $125m settlement over their role in the gold miner's collapse in 2004. Ferrier Hodgson, the company's administrator, had claimed EY was negligent over the accounting of gold and dollar hedging contracts. However, EY said that the proposed settlement was not an admission of any liability.
Following allegations by the Securities and Exchange Commission that EY had committed accounting fraud in its work auditing the books of Bally Total Fitness, EY reached two settlements in 2008, including a fine of $8.5 million.
EY Hong Kong resigned from the audit of Standard Water on when it emerged that although EY Hong Kong had signed off the audit, it had been effectively outsourced to the affiliate in 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 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.
In October 2016, Mozilla stopped accepting WebTrust audits from Ernst & Young Hong Kong due to their failure "to detect multiple issues they should have detected" during their audits of WoSign.
In February 2017, in response to questions regarding misissued certificates, Symantec stated they would no longer accept WebTrust audits from E&Y Korea and E&Y Brazil due to deficiencies in these audits.
According to The Wall Street Journal, in 2019, EY had audited WeWork the office-space company that "nearly collapsed after fumbling a planned initial public offering".
In 2020, EY failed to uncover $2 billion that was missing at Wirecard AG, a German fintech payment processing company. This resulted in a lawsuit filed against EY in June 2020. An investigation by the German Parliament, Bundestag, revealed in April 2021 that EY's audits of defunct payments group Wirecard suffered from serious shortcomings over a period of years.
In 2009, in the Anglo Irish Bank hidden loans controversy, EY was criticised by politicians and the shareholders of Anglo Irish Bank for failing to detect large loans to Sean FitzPatrick, its chairman, during its audits. The Irish Government had to subsequently take full ownership of the Bank at a cost of €28 billion. The Irish Chartered Accountants Regulatory Board appointed John Purcell to investigate. EY said it "fundamentally disagrees with the decision to initiate a formal disciplinary process" and that "there has been no adverse finding made against EY in respect of the audit of Anglo Irish Bank."
In 2009, EY agreed to pay US$200m out of court to settle a negligence claim by the liquidators of Akai Holdings. Separately the firm was accused of falsifying and doctoring documents it presented to defend against the negligence claim by Akai's liquidators. In a separate lawsuit, a former EY senior partner from 1984 to 1991, Cristopher Ho, and his listed company, Grande Holdings, paid over US$100m to Akai creditors to settle Akai's liquidators' claim that Ho conspired with Ting of stripping assets from Akai. Police raided the Hong Kong office and arrested an EY partner who had been an audit manager on the Akai account from December 1997, although audit documents had been doctored dating back to 1994. Akai was said to be the firm's largest client for most of the 1990s from Hong Kong. The EY partner for the Akai account between 1991 and 1999, David Sun Tak-kei, faced no charges and went on to become co-managing partner for EY China. A few months later EY settled a similar claim of up to HK$300m from the liquidators of Moulin Global Eyecare, an audit client of the Hong Kong affiliate between 2002 and 2004. The liquidators described the Moulin accounts as a "morass of dodginess".
The Valukas Report issued in 2010 charged that Lehman Brothers engaged in a practice known as repo 105 and that EY, Lehman's auditor, was aware of it. EY was accused of professional malpractice regarding the lack of disclosure of Lehman's repo 105 practice in Lehman's public filings. New York prosecutors announced in 2010 that they have sued the firm. David Goldfarb, a Lehman CFO who concocted the repo 105 balance sheet window dressing technique was a former senior partner of EY. EY said that its last audit of Lehman Brothers was for the fiscal year ending 30 November 2007 and that Lehman's financial statements were fairly presented in accordance with Generally Accepted Accounting Principles. In March 2015, EY settled Lehman-related lawsuits with municipalities in New Jersey and California.
In 2014 tax 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.
EY's member firm in Japan, Ernst & Young ShinNihon, was fined ¥2.1 billion (US$17.4 million ) for failing to spot irregularities during audit of its client Toshiba, which was Japan's worst accounting scandal in years. The firm was also suspended from taking up new business for three months. An official from Japan's Financial Services Agency (FSA) described that "there was a grave breach of duty". The firm's CEO and chairman, Koichi Hanabusa stepped down the following month to take responsibility and monthly salaries for 19 employees were cut from 20 per cent to 50 per cent. In an unusual move, the FSA publicly named seven accountants involved in the audit who were said of failing to exercise due caution and signing off on false financial documents. The FSA also said the "firm’s operations were deeply improper". ShinNihon, at the time, was Japan's biggest accounting firm, with about 3,500 certified accountants and more than 4,000 clients. Ernst & Young ShinNihon audited about 960 listed companies in Japan, the most among the Big Four, as reported in 2015. Ernst & Young ShinNihon had audited Toshiba for over 60 years and the firm had around 70 staff serving Toshiba before the accounting scandal broke.
Ernst & Young Baltic, member of the EY network, used the emission assumptions of highly polluting EURO II trucks (manufactured before 2001) to falsely increase the socio-economic benefits of the new railway for the period 2026–2055 by 3 billion euros in the Rail Baltica Cost-Benefit Analysis. Total mistakes amount to more than 4 billion euros that constitute 20% of the total socio-economic benefits of the Rail Baltica. Correction of the mistakes makes the project unfeasible. EY has refused to provide any comments to the media regarding the public accusations.
Accusations of sexism
In October 2019, the Huffpost broke a story about a training seminar purportedly to empower female employees, which was actually dishing out 1950s style advice. Women were told to concentrate on their appearance, not to show too much skin, and not to speak too much. One participant said it was basically a "women bashing" exercise. "You have to offer your thoughts in a benign way...You have to be the perfect Stepford wife... It felt like they were being turned into someone who is super-smiley, who never confronts anyone" she said.
Corporate affairs and culture
EY UK also publicizes itself by sponsoring exhibitions of works by famous artists, such as Cézanne, Picasso, Bonnard, Monet, Rodin and Renoir. The most recent of these was Maharaja: the Splendour of India's Royal Courts at the Victoria and Albert Museum.
In addition, EY publicizes itself by sponsoring the educational children's show Cyberchase on PBS Kids under the PBS Kids GO! television brand, in an effort to improve mathematics literacy in children.
EY in the UK has set up the National Equality Standard (NES), an initiative developed for business which sets clear equality, diversity and inclusion (EDI) criteria against which companies are assessed. The National Equality Standard (NES) is currently the only industry recognized national standard for EDI in the UK.
On 8 September 2011, Rio 2016 made the announcement that EY would be an official sponsor of the 2016 Summer Olympics to be held in Brazil, as the exclusive provider of professional services – consulting and auditing – for Rio 2016 organizing committee.
EY also has a longstanding relationship with the 2011 Tour de France winner Cadel Evans.
- "Ernst & Young Global Limited". Companies House. Retrieved 23 July 2020.
- "Facts & Figures". Ernst & Young. 30 June 2011. Retrieved 8 December 2011.
- "EY names Carmine Di Sibio as global chairman and CEO". FT. 18 January 2019. Retrieved 18 January 2019.
- "EY Global Review 2020" (PDF). EY. 30 June 2020. Retrieved 6 October 2020.
- "EY Global Review 2020". ey.com. 30 June 2020. Retrieved 6 October 2020.
- "Legal statement". Ernst & Young. Retrieved 23 July 2020.
- "Professional Services Company Overview of Ernst & Young LLP". www.bloomberg.com. Retrieved 12 April 2019.
- "EY at a glance". EY. Retrieved 3 July 2013.
- Kapoor, Michael; Skolnik, Sam. "EY Eyes More Acquisitions of Legal Services in Global Push". news.bloombergtax.com. Retrieved 12 April 2019.
- "Management Consulting Services Market – Major Technology Giants in Buzz Again : McKinsey, Deloitte Consulting, KPMG, Accenture, Altair – Press Release – Digital Journal". www.digitaljournal.com. Retrieved 12 April 2019.
- "A timeline of our history". EY. Archived from the original on 27 September 2016. Retrieved 24 September 2016.
- Reddan, Fiona (1 July 2013). "Ernst & Young re-brands". The Irish Times. Archived from the original on 2 July 2013. Retrieved 3 July 2013.
- "America's Largest Private Companies". Forbes. 9 August 2017. Retrieved 28 June 2018.
- "Fortune Magazine 2019 100 Best Companies to Work For". Fortune.
- "Ernst & Young – History"Archived 15 July 2009 at the Wayback Machine. Ernst & Young. Retrieved 9 July 2011.
- "Reports Say Arthur Young and Ernst May Merge". The New York Times. May 1989.
- "Accountancy Merger Off". BBC News. 23 February 1998. Retrieved 9 July 2011.
- "Chronology". PricewaterhouseCoopers. Archived from the original on 10 October 2010. Retrieved 27 September 2010.
- "Capgemini to Acquire Ernst & Young Consulting Business". The New York Times. March 2000.
- "Ernst & Young Acquires Anderson India". Findarticles. 8 April 2003. Retrieved 9 July 2011.
- "Maintaining a Diverse Culture" Archived 4 June 2010 at the Wayback Machine. Ernst & Young. Retrieved 9 July 2011.
- "Mitchell & Titus Joins Ernst & Young Global as a Member Firm". Prnewswire. Retrieved 9 July 2011.
- "Mitchell & Titus Departs Ernst & Young Network". Accounting Today. Retrieved 22 August 2017.
- Chen, George (16 April 2009). "Ernst & Young China Staff to Take Low-Pay Leave". Reuters.
- Grant Thornton confirms departure of Brazilian member firm Archived 14 November 2011 at the Wayback Machine Grant Thornton, 3 August 2010
- EY is committed to doing its part in building a better working world Archived 4 July 2013 at the Wayback Machine
- Rayman, Noah (19 November 2013). "Vatican Hires International Consulting Firm to Help Reform Finances". Time. Retrieved 23 March 2013.
- "Danes take big leap to join growing global rival". The Times. Retrieved 26 February 2015.
- "EY to merge with Parthenon Group". Financial Times.
- "E&Y's first global security operation centre in Kerala". The Times of India. Retrieved 17 June 2015.
- Star, Murphy Woodhouse Arizona Daily. "Ernst & Young is bringing 125 new jobs to Tucson". Arizona Daily Star. Retrieved 1 March 2017.
- Mendoza, Jomar (9 December 2017). "MENA digital security operations centre opened in Muscat". Oman Observer. Retrieved 15 December 2018.
- "Ernst & Young to create 125 jobs with national support center in Louisville". www.bizjournals.com. Retrieved 1 March 2017.
- "Ernst and Young to bring 600 jobs to Nashville". Journal Record. 15 November 2018. Retrieved 16 November 2018.
- "Our locations". EY. Retrieved 20 July 2020.
- "Bogdan Ion becomes Chief Operating Officer of EY's Central and South Eastern Europe and Central Asia Region". Business Review (in Romanian). 11 July 2018. Retrieved 11 April 2019.
- "EY reports record global revenues in 2016 – up by 9%". Retrieved 9 October 2016.
- "A new name, a new logo and a new era at EY". EY. Archived from the original on 1 March 2015. Retrieved 10 March 2015.
- Goodley, Simon (15 November 2020). "Call for three-year ban on EY bidding on public contracts". The Guardian. Retrieved 15 November 2020.
- Kollewe, Julia (4 May 2020). "Watchdog investigates EY audit of scandal-hit NMC Health". The Guardian. Retrieved 15 November 2020.
- Weil, Jonathan (19 April 2004). "Ernst & Young Gets SEC Penalty For Ties to Client". The Wall Street Journal. Retrieved 18 December 2016.
- "Equitable Drops High Court Action". BBC News. 2005. Retrieved 26 August 2006.
- "Ernst & Young Agrees to $125m Sons of Gwalia Settlement" Archived 5 February 2011 at the Wayback Machine. The West Australian 4 September 2009. Retrieved 4 September 2009.
- Norris, Floyd (18 December 2009). "Ernst to Pay the S.E.C. $8.5 Million". The New York Times. Retrieved 21 April 2011.
- Yam, Shirley (18 May 2013). "E&Y's outsourced auditing raises eyebrows in court". South China Morning Post.
- Big 4 accounting firms (23 October 2016). "Ernst & Young Settles with SEC over Weatherford Fraud – The Big 4 Accounting Firms". Thebig4accountingfirms.com. Retrieved 4 November 2016.
- "Oil Services Company Paying $140 Million Penalty for Accounting Fraud". SEC.gov. 27 September 2016. Retrieved 4 November 2016.
- Mozilla (24 October 2016). "Distrusting New WoSign and StartCom Certificates". blogs.mozilla.org. Retrieved 12 February 2017.
- Mozilla (26 September 2016). "WoSign and StartCom". Google Docs. Retrieved 12 February 2017.
- Symantec (12 February 2017). "Symantec Second Response to Mis-Issuance Questions". bugzilla.mozilla.org. Retrieved 16 August 2018.
- Yang, Jing; Kowsmann, Patricia; Maurer, Mark (16 October 2020). "String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them". Wall Street Journal. ISSN 0099-9660. Retrieved 9 December 2020.
- "EY ordered to pay whistleblower $11m in Dubai gold audit case". The Guardian. 17 April 2020. Retrieved 18 April 2020.
- "Ernst & Young sued over Wirecard as accounting woes add up". Accounting Today. 8 June 2020. Retrieved 22 June 2020.
- Storbeck, Olaf (17 April 2021). "EY's Wirecard audits suffered serious shortcomings, German probe finds". FT.com. Financial Times Group. Retrieved 5 May 2021.
- "Where Were the Auditors?" Archived 13 February 2012 at the Wayback Machine. Shane Ross. 12 January 2009. Retrieved 9 July 2011.
- "The Cost of Anglo-Irish Bank". The Irish Times. 12 August 2010. Retrieved 9 July 2011.
- "Anglo's board and auditors criticised at egm Shareholders Told Kyle Swartzlander Owed Bank a Total of €129M in 2007". The Irish Times. 1 January 2009. Retrieved 9 July 2011.
- "Drumm Resigns as Chief Executive of Anglo Irish" Archived 19 September 2012 at the Wayback Machine. The Irish Times. 12 December 2008. Retrieved 9 July 2011.
- "E&Y Faces Probe on Anglo Irish Bank Audit". Financial Times. 14 September 2011.
- Rovnick, Naomi (27 January 2010). "Ernst & Young pays up to settle negligence claim". South China Morning Post.
- Rovnick, Naomi; Lo, Clifford (30 September 2009). "Raids, arrest as fraud police probe Akai files". South China Morning Post.
- Duce, John; Tan, Andrea (5 October 2009). "Akai Liquidator to Receive Payment in Settlement With Grande". Bloomberg. Archived from the original on 22 February 2014.
- Rovnick, Naomi (6 October 2009). "Akai saga ends with 'US$100m payout'". The South China Morning Post. Retrieved 18 December 2016.
- Rovnick, Naomi (6 October 2009). "Hard work pays off for 'vicious' Akai liquidator". The South China Morning Post. Retrieved 18 December 2016.
- "Lehman Directors Did Not Breach Duties Examiner Finds". DealBook (blog of The New York Times). 11 March 2010. Retrieved 9 July 2011.
- "Liberté, Egalité, Fraternité: Big Lehman Brothers Troubles For Ernst & Young (Mar 15, 2010)". re:_TheAuditors.com. Retrieved 18 December 2016.
- "Attorney General Cuomo Sues Ernst & Young for Assisting Lehman Brothers in Financial Fraud". New York Attorney General. 21 December 2010.
- "Lehman Cooked Books before Collapse, Report Finds". CBS News. 12 March 2010. Retrieved 9 July 2011.
- Court-Appointed Lehman Examiner Unveils Report. DealBook (blog of The New York Times). 11 March 2010. Retrieved 9 July 2011.
- "Lehman Smoking Gun Leaves E&Y Facing Questions" Archived 2 May 2010 at the Wayback Machine. Accountancy Age. Retrieved 9 July 2011.
- Patrick Fitzgerald (13 March 2015). "Ernst & Young Settles Lehman Suits With New Jersey, California Municipalities". WSJ. Retrieved 6 April 2015.
- "Luxembourg tax files: how Juncker's duchy accommodated Skype and the Koch empire". The Guardian. 9 December 2014. Retrieved 17 December 2014.
- "Disney and Koch Industries Had Luxembourg Tax Deals, Journalists' Group Says". The New York Times. 10 December 2014. Retrieved 17 December 2014.
- "Koch Industries implicated in Luxembourg leaks". Irish Times. 10 December 2014. Retrieved 17 December 2014.
- Uranaka, Taiga; Wada, Takahiko (22 December 2015). "Japan fines Ernst & Young affiliate $17.4 million over Toshiba audit". Reuters. Retrieved 29 December 2016.
- Inagaki, Kana (22 December 2015). "EY's Japanese unit reprimanded by regulator over Toshiba audits". The Financial Times. Retrieved 29 December 2016.
- "Top accounting firms eyed to replace auditor". Nikkei Asian Review. 12 December 2015. Retrieved 6 May 2017.
- Humal, Priit; Lambot, Karli; Paul, Illimar (2018). Major mistakes in Rail Baltica Cost-Benefit Analysis made by Ernst & Young Baltic (PDF). ISBN 978-1985198630.
- Estonian Public Broadcasting News 18 September 2017
- Peck, Emily (21 October 2019). "Women at Ernst & Young Instructed on How To Dress, Act Nicely Around Men". Huffington Post. Retrieved 22 October 2019.
- "Auditores de EY en España denuncian ante sus jefes semanas de trabajo de 84 horas: "Es insostenible"". El Pais. Retrieved 27 April 2021.
- EY Entrepreneur Of The Year Archived 14 July 2012 at the Wayback Machine. Ernst & Young. Retrieved 9 July 2011.
- "Maharaja: The Splendour of India's Royal Courts". Victoria and Albert Museum, London, England. 20 July 2009. Retrieved 9 July 2011.
- Cyberchase – PBS Kids Official PBS Kids website with corporate sponsorships.
- Ernst & Young Item Club appoints new Chief Economist. Prnewswire.co.uk 16 June 1997. Retrieved 9 July 2011.
- "Hope that National Equality Standard (NES) will turn tide for D&I". The HR Director magazine. Archived from the original on 20 October 2013.
- "EY Thanked at Launch of EY Foundation". Retrieved 14 October 2014.
- "Rio 2016 Unveils Ernst & Young as Tier 2 Sponsor". Aroundtherings.com. Retrieved 8 December 2011.
- "EY announces partnership with The 2012 European Ryder Cup Team and The 2014 Ryder Cup". ey.com. Archived from the original on 3 January 2013. Retrieved 27 August 2012.
- "Ernst & Young renews relationship with Cadel Evans". Archived from the original on 9 November 2013. Retrieved 17 October 2014.
- EY. "EY – 2017 British & Irish Lions Tour to New Zealand". lionstour.ey.com. Archived from the original on 30 June 2017. Retrieved 22 June 2017.