Private equity and investment advisory firm CVC Capital Partners is interested in acquiring EY's Italian consulting unit, the Financial Times reported on Thursday, citing people familiar with the matter.According to the report, CVC sent a letter to EY to let the accounting giant know about its interest but...
Ernst & Young Global Limited (EY) is planning to cut 3,000 jobs in the United States due to "overcapacity," the Financial Times reported on Monday citing a spokesman for the company.
"After assessing the impact of current economic conditions, strong employee retention rates and overcapacity in parts...
The global auto industry achieved record profits in the first half of 2021, a study released by EY showed on Tuesday.
According to the study, 16 biggest automakers had operating profits totaling €71.5 billion and, among them, BMW had the largest return on sales. However, most carmakers' sales were...
Hubert Barth, the chief of Ernst & Young Germany, is stepping down following the Wirecard AG scandal, the company said on Thursday.
Barth's departure is a part of a wider restructuring effort, named "Trust in Quality," with which the professional services company hopes to restore its...
The fraud at Wirecard "should have been detected earlier," Ernst & Young Chairman Carmine Di Sibio said on Tuesday.
"Even though we were successful in uncovering the fraud, we regret that it was not uncovered sooner," he said in a letter to partners and top executives at client firms which...
Wells Fargo is planning to severely reduce its spending on consultants after employees of the bank expressed concerns over its reliance on other companies. The final call came from CEO Charlie Scharf who said that the bank was too dependent on consultancies, the Financial Times reported on...
Ernst & Young, the auditor that accused German fintech company Wirecard AG of fraud in June, is under the investigation of German Auditors’ Regulator (Apas), Handelsblatt reported on Monday, citing a confidential document it obtained.
Apas is sifting all the Wirecard audits that Ernst &...
Danish Business Authority said on Friday Denmark's state prosecutor stopped its investigation into Ernst & Young's audit of Danske Bank.
The regulator reported EY after it's inquiry found the auditor discovered information about potential money laundering issues at DB in 2014, but failed to notify the...
The Financial Reporting Council (FRC) said on Tuesday it began an investigation into the audit by the accountancy company Ernst & Young of the financial statements of the liquidated British travel company Thomas Cook Group Plc for the year ended 30 September 2018. The investigation will be...
Denmark's business regulator reported accounting giant Ernst and Young to the police over perceived shortcomings in its audit of troubled Danish bank Danske Bank, it announced on Friday.
In the release, the Danish Business Authority (DBA) said that it initiated an investigation on October 4 last year...
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