The news that Ernst & Young will operate with a single bonus pool has
placed more meat on the bones of the restructuring announced back in
At the time the firm announced that 86 countries in the Ernst & Young
network across Europe, the Middle, India and Africa would join in a new
unit managed a single board with the new UK chairman Mark Otty at its head.
The firm followed that with a matter of weeks by announced the appointment of
new partners across the new grouping.
Recent statements from Otty suggest that the firm will now no longer break
out its UK figures for reporting. In the latest
Age Top 50 survey the firm was earning £1.2bn, placing it fourth and making
it the smallest by some way among the Big Four firms.
In the US it is a very different story for the firm where it is the second
largest ahead of PricewaterhouseCoopers and KPMG with revenues of $7.5bn,
Today, an issue that many observers believe may have been a factor in the
decision to integrate the rest of the world into one business.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars