Ernst & Young

e-conomic retrenches in the UK

August 3, 2009 Featured

e-conomic, an online accounting vendor based in Denmark has trimmed significant direct investment in the UK. This will come as a shock to those who want to see the advancement of the saas/on-demand accounting market in the UK. The problem in part stems from the way e-conomic has chosen to structure itself. While it has [...]

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Firm Spy: a must read

June 16, 2009 Featured

A wee bit of stumbling about on the Internet yielded Firm Spy. In its own words: Australasian professionals need an outlet to share the real news — and in so doing, to hold their industries and employers to account.  Our mission is simple: to give Australian lawyers, bankers, accountants and consultants a voice and allow [...]

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PwC uses own team to independently investigate self

March 18, 2009 General

Have you heard anything more ludicrous than this coming out of India following the Satyam scandal? Pricewaterhousecoopers (PwC) plans to bring in partners from its international affiliates to do an independent audit of its clients in India, besides what is being done by its Indian partners. Duh? Do they think the rest of us are [...]

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Apple fires KPMG, hires EY

March 5, 2009 General

Apple has fired KPMG as auditor after 12 years, preferring Ernst Young. It’s a strange move because the regulatory announcement didn’t imply any particular disagreement between KPMG and Apple. OK – so Apple has had a run in with the SEC concerning backdated stock options but that’s not unusual in the context of the way [...]

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Ernst and Young trains in SecondLife

March 3, 2009 General

Ernst & Young has been piloting inventory count training using SecondLife. Interesting. According to the article: “You’d be surprised how realistic this experience is,” says Michael Hamilton, partner and chief learning and development officer in the Americas. The auditing firm is working with Affiliated Computer Services (ACS) and other virtual world consultants to explore this [...]

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The good news on Satyam

January 27, 2009 General

While there is still plenty more to discover re: Satyam there is at least one good thing to come out of it. From coverage I am seeing in the mainstream, the crusty and sometimes arcane world of audit is getting long needed attention. I know it’s good sport to put accountants to the sword, a [...]

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Speculating on EY's future

September 23, 2008 General

With the demise of Lehman Brothers, Ernst & Young’s $31 million annual fee just went out the window. It’s a tiny amount in the scheme of things when you think that EYs last year’s global revenue came in at $21.1 billion. The bigger problem will be the lawsuit PwC‘s advisors Linklaters are almost certain to [...]

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