EY US

EY US
Name	EY US
Industry	Professional services
Founded	0 1903 (as Arthur Young & Company)
Predecessor	Arthur Young & Company, Ernst & Whinney
Hq location city	New York City
Hq location country	United States
Key people	Julie Boland (Chair and Managing Partner)
Parent	Ernst & Young Global Limited

EY US. The United States member firm of the global Ernst & Young network, operating as a separate legal entity under the umbrella of Ernst & Young Global Limited. It is one of the largest professional services organizations in the United States, providing assurance, tax, consulting, and strategy and transactions services to a diverse client base. The firm is headquartered in New York City and plays a pivotal role in the Big Four landscape, influencing capital markets and corporate governance.

History

The firm's origins trace back to the 1903 founding of Arthur Young & Company in Chicago and the 1906 establishment of Ernst & Ernst in Cleveland. These predecessor entities grew through mergers, with Ernst merging with Whinney Murray & Co. in 1979 to form Ernst & Whinney, while Arthur Young merged with Broads Paterson & Co. in 1984. The modern entity was created in 1989 through the landmark merger of Arthur Young & Company and Ernst & Whinney, forming Ernst & Young. The US practice, like other national practices, operates under a global structure coordinated by Ernst & Young Global Limited. Key historical moments include its advisory role during the implementation of the Sarbanes-Oxley Act and its expansion into emerging service areas like cybersecurity and artificial intelligence.

Services

EY US delivers a comprehensive suite of professional services organized around four primary service lines. Its assurance practice includes financial statement audits, IFRS and US GAAP compliance, and ESG reporting assurance. The tax practice advises on corporate tax, international tax, state and local tax, and tax technology. The consulting arm offers services in digital transformation, supply chain, risk management, and people advisory. The strategy and transactions group provides mergers and acquisitions advice, valuation services, and corporate strategy support. The firm also maintains dedicated practices for government clients through EY Public Sector and for rapidly growing companies via the EY Entrepreneur Of The Year program.

Organization and leadership

EY US is led by a Chair and Managing Partner, currently Julie Boland, who was elected to the role in 2022. The firm is governed by a US Executive Committee and a US Partner Council. It is structured into geographic areas, including the Americas East Region and Americas West Region, and serves major industry sectors such as financial services, technology, health sciences, and consumer products. The US firm is a key constituent of the Ernst & Young Global Limited network, participating in the Global Executive and the Global Board. Its headquarters are located at 5 Times Square in New York City, with a significant presence in other major markets like Chicago, Houston, and Silicon Valley.

Notable alumni

Many individuals who began their careers at the firm or its predecessor entities have achieved prominence in business and public service. In corporate leadership, alumni include James S. Turley, former Global Chairman and CEO of Ernst & Young, and Beth Brooke, former Global Vice Chair. In government and regulation, notable figures are Mark Weinberger, former Assistant Secretary of the Treasury under President George W. Bush, and Christopher Cox, former Chairman of the U.S. Securities and Exchange Commission. The firm's alumni network is also active in venture capital, with individuals like Randy Komisar of Kleiner Perkins.

Legal and regulatory matters

As a major audit firm, it has been subject to significant legal and regulatory scrutiny. This has included settlements with the Public Company Accounting Oversight Board over audit quality controls and investigations by the U.S. Securities and Exchange Commission. The firm reached a notable settlement with the U.S. Department of Justice in 2016 related to tax shelter promotions. It has also been involved in litigation concerning its audit work for clients such as Lehman Brothers and Wirecard. These matters are often managed in conjunction with the network's global legal entity, Ernst & Young Global Limited.

See also

* Big Four accounting firms * Deloitte * KPMG * PricewaterhouseCoopers * Professional services network * Sarbanes-Oxley Act * Public Company Accounting Oversight Board

Category:Professional services firms of the United States Category:Companies based in New York City Category:Big Four accounting firms