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  1. EY report sheds new light on cybersecurity threat

    happen to us all. “The genie is out of the bottle – and we can’t put it back, we all have to learn to adapt or perish.” Last month, PwC highlighted the “severe and present danger” of cyber risks pertinent to accountants, including those in small...

    • Type: Article
    • Author: James Mitchell
    • Category: Business
  2. EY promotes record number of women to partner

    The firm said the partner intake takes it to 756 partners across Australia, an increase of seven per cent compared to last year, with all being equity partners.

  3. EY moves on pay cuts amid COVID-19 downturn

    significant and prolonged downturn in demand, and re-deployment is not possible, redundancy will be reluctantly applied as a last resort. “We are well aware of how anxious our people are feeling amid this disruption and uncertainty, and we continue to...

  4. EY makes 232 staff redundant as consulting demand plummets

    and uncertain environment, with the market continuing to shift at the fastest pace that we have experienced in the last 15 years,” he said. “This shift in the market is being driven by a range of factors, but is particularly being felt in the demand for...

  5. EY hits out at super changes

    The changes announced in the federal budget last week will pose some challenges to the efficiencies of the superannuation system, according to EY. Superannuation was a key, if not overwhelming, focus of last week’s federal budget. High-income earners...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super
  6. EY grows revenue by 13% amid downturn

    financial crime, cyber and assurance programs. Mr Johnson also pointed to three of the firm’s acquisitions over the last financial year — Aleron, Cadence Economics and Port Jackson Partners — as one of the factors contributing to its strong results this...

    • Type: Article
    • Author: Reporter
    • Category: Business
  7. EY flags 10 banking risks to look out for

    years. “These issues are akin to those that many, both inside and outside the industry, missed or understated prior to the last financial crisis,” EY wrote. “They are known, crucial issues that banks will need to manage as well as they do now for...

  8. EY finds IPO activity plummets in Q1

    in Q1 2018 raising US$15.4 billion, an increase of 29 per cent in terms of volume and 22 per cent by proceeds compared to Q1 last year. US IPO activity accounted for 36 IPOs raising US$12.8 billion, up 44 per cent in terms of volume and 17 per cent by...

  9. EY cuts 148 staff citing low consulting, financial services demand

    decision" was driven by a “continued downturn in demand” particularly across consulting and financial services. In November last year, the firm cut 232 staff from its headcount, citing similar market pressures. Then, the lion’s share of the redundancies...

  10. EY confirms intention to split, partners to vote

    and stakeholders to share our bold vision for the future that amplifies our purpose of building a better working world.” Last month EY Australia reported revenue growth of 18 per cent to $2.75 billion, putting it second only to PwC among the Big 4...

  11. EY Australia staff in job cuts firing line

    to brace for cutbacks after being “disappointed and embarrassed” by the collapse of the split plan, the Guardian reported last week. It quoted a UK managing partner as saying it would target “inefficiencies” in the business and start cost-cutting in...

  12. EY appoints new strategy and transactions leader

    Cotter has been with the firm since November 2016, when she joined as an infrastructure advisory partner. She has spent the last two years as an infrastructure advisory leader, based in Sydney, and serves on the Infrastructure Partnerships Australia...

  13. EY appoints finance high-flyer before split

    “It is a unique opportunity to be part of what will be one of the most disruptive strategies in any industry this decade.” Last, EY confirmed it planned to split its consulting practice from its audit business to escape conflict of interest rules that...

  14. EY appoints chief sustainability officer

    the appointment of Shannon Cotter as its new Oceania strategy and transactions leader, before announcing 40 new partners last week. Ms Cotter will assume the role from 1 July, taking over from the firm’s incoming CEO, David Larocca. She will also join...

  15. EY announces revenue spike

    market practices grew 8.7 per cent despite tough conditions in a number of emerging markets. This compares to 12 per cent last year. “Emerging markets will continue to drive economic growth for the foreseeable future. By 2020, we’re predicting about 30...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  16. EY announces leadership reshuffle

    Cotter has been with the firm since November 2016, when she joined as an infrastructure advisory partner. She has spent the last two years as an infrastructure advisory leader, based in Sydney, and serves on the Infrastructure Partnerships Australia...

  17. EY announces global leadership change

    EY Global Chairman and CEO in these transformative times.” EY Australia’s revenue grew by 9.8 per cent to $1.78 billion last year, driven by an active M&A market, audit wins, and demand for people advisory and digital consulting services....

  18. EY announces 40 partner promotions

    and seven were from its strategy and transactions business. The announcement follows 31 internal promotions made in October last year, and another 30 admitted as lateral or direct admit partners this year, in a bid to expand the skills and experience...

  19. EY analysis points to prolonged economic recovery period

    research found combined cash earnings decreased to $17.38 billion, representing a fall of 36.5 per cent from the same time last year. Meanwhile, total impairment charges across the big four banks rose to $11.9 billion before tax, up by $7.48 billion...

  20. EY acquires NZ technology consulting firm

    team to our existing New Zealand financial practice, along with a number of other significant hires and promotions over the last six months, means we are rapidly expanding our presence in the market and continue to bring our financial services clients...