Member firms have different legal structures (USA, UK, and India: Limited Liability Partnership) |
|
Industry | Professional services |
Founded | 1989 | (through the merger of Ernst & Whinney and Arthur Young & Co. Oldest component from 1849)
Headquarters | 6 More London Place London SE1 2AF United Kingdom |
Area served
|
Worldwide |
Key people
|
Mark Weinberger (Chairman & CEO) |
Services |
Assurance Tax Advisory Consulting Financial Advisory Legal |
Revenue | US$31.4 billion (2017) |
Owner | Ernst & Young LLP. |
Number of employees
|
231,000 (2016) |
Divisions | Assurance, Advisory, Transaction Advisory Services, Tax, Legal |
Website | www |
EY (formerly Ernst & Young) is a multinational professional services firm headquartered in London, England. EY is one of the largest professional services firms in the world and is one of the "Big Four" accounting firms.
The organisation operates as a network of member firms which are separate legal entities in individual countries. It has 231,000 employees in over 700 offices around 150 countries in the world. It provides assurance (including financial audit), tax, consulting and advisory services to companies.
The firm dates back to 1849 with the founding of Harding & Pullein in England. The current firm was formed by a merger of Ernst & Whinney and Arthur Young & Co. in 1989. It was known as Ernst & Young until 2013, when it underwent a rebranding to EY. The acronym "EY" was already an informal name for the firm prior to its official adoption.
In 2017, Fortune magazine ranked EY 29th on the 100 Best Companies to Work For list. In 2016, EY was the 11th largest privately owned organization in the United States.
EY is the result of a series of mergers of ancestor organizations. The oldest originating partnership was founded in 1849 in England as Harding & Pullein. In that year the firm was joined by Frederick Whinney. He was made a partner in 1859 and with his sons in the business it was renamed Whinney Smith & Whinney in 1894.
In 1903, the firm of Ernst & Ernst was established in Cleveland by Alwin C. Ernst and his brother Theodore and in 1906, Arthur Young & Co. was set up by the Scotsman Arthur Young in Chicago.