Ernst & Young (or "EY") is one of the largest professional services firms in the world and one of the Big Four auditors, along
PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte) and KPMG. According to Forbes magazine, as of 2007 it is also the 7th largest private company in United States.
Ernst & Young is a global organization of member firms in more than 140 countries. Its global headquarters are based in London, UK and the U.S. firm is headquartered at 5 Times Square, New York, New York.
EY has four main service lines:
- • Assurance. This comprises mainly financial audit (core assurance) with 54% of total revenues in 2007.
- • Advisory Services consisting of three subservice lines: IT Risk and Assurance, Risk, and Performance Improvement. Advisory services accounted for 12% of revenues in 2007.
- • Tax Services share of total revenues in 2007 was 22% and includes Business Tax Compliance, Human Capital, Indirect Tax, International Tax Services, Tax Accounting & Risk Advisory Services, Transaction Tax.
- • Transaction Advisory Services (TAS), includes commercial, financial, real estate and tax due diligence, mergers & acquisitions, valuation & business modeling, corporate restructuring and integration services.