The results reflect revenues earned across its four service lines: assurance and advisory business services; tax; law and corporate finance. Of the four areas, the companies corporate finance division was the clear leader when it recorded revenue increases of 9% in US dollars and 10.2% in local currency.
Ernst & Young’s chairman, James Turley said in a company statement that the company has grown less than he would have liked, but said that the fact E&Y picked up more Anderson clients than any other firm was significant.
‘We strengthened our firm on a global basis through being engaged by more former Andersen clients and executing more combinations with former Andersen practices than any other firm,’ he said.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal