Ernst & Young LLP (EY) is a multinational professional services network that offers assurance, tax, advisory, and transaction advisory services.
Founded in 1849 by Arthur Young and Alwin C. Ernst in the United States.
Merged with Ernst & Whinney in 1989 to form Ernst & Young.
Changed its name to EY in 2013.
Currently headquartered in London, UK.
PwC is a multinational professional services network that offers assurance, tax, advisory, and consulting services.
Deloitte is a multinational professional services network that offers audit, consulting, tax, and advisory services.
KPMG is a multinational professional services network that offers audit, tax, and advisory services.
Assurance service involves the independent audit of financial statements and information in order to provide stakeholders with an opinion on the financial statements' fairness, accuracy, and relevance.
Tax service involves advising clients on various tax-related issues including tax compliance, tax strategy and planning, and tax dispute resolution.
Advisory service involves providing clients with strategic, operational, and financial advice to improve business performance and mitigate risks.
Transaction advisory service involves advising clients on merger, acquisition, divestiture, and restructuring transactions.
Ernst and Young officially changed its name to EY in 2013.
EY stands for Ernst & Young, the name of the company before it was rebranded.
Yes, EY offers internship programs for students and recent graduates interested in pursuing a career in consulting, tax, or accounting.
EY serves clients in a variety of industries including financial services, technology, consumer products, pharmaceuticals, and energy.
EY's competitors include other multinational professional services firms like PwC, Deloitte, and KPMG. The main differences between these firms lie in their areas of expertise, company culture, and geographic reach.