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| EY Global Limited | |
|---|---|
| Name | EY Global Limited |
| Type | Private company limited by guarantee |
| Industry | Professional services |
| Founded | 1989 (as Ernst & Young merger) |
| Headquarters | London, United Kingdom |
| Area served | Worldwide |
| Key people | Carmine Di Sibio, Steve Krouskos, Julie Teigland |
| Revenue | US$45.4 billion (2023) |
| Num employees | ~365,000 (2024) |
| Subsidiaries | Ernst & Young LLP, EY Americas, EY Europe, Middle East, India and Africa |
EY Global Limited is a multinational professional services network providing assurance, tax, consulting, and advisory services. Formed from the consolidation of predecessor firms with roots in the 19th century, the organization operates as a global coordinating entity for a network of member firms. It is one of the largest professional services networks alongside Deloitte, PricewaterhouseCoopers, and KPMG.
EY Global Limited traces its lineage to several 19th-century practices including the firms founded by Arthur Young and Alwin C. Ernst. The modern network emerged from the 1989 merger of Ernst & Whinney and Arthur Young & Co., creating a combined organization that rapidly expanded through cross-border integration and acquisitions during the 1990s and 2000s. Major milestones include the global rebranding to the EY name in the early 21st century and structural adjustments following regulatory reforms such as the Sarbanes–Oxley Act and responses to high-profile corporate failures like Enron and WorldCom. The firm subsequently adapted to digital transformation trends influenced by developments at IBM, Accenture, and technology partners including Microsoft and SAP.
EY Global Limited functions as a coordinating entity for legally separate member firms that are generally organized as limited liability partnerships similar to Ernst & Young LLP (United States). Governance is exercised via a global executive chaired by a Global Chairman and Chief Executive, supported by an executive committee and regional managing partners representing geographies such as the Americas, Asia-Pacific, and EMEIA. The network’s structure responds to international regulatory frameworks like the International Financial Reporting Standards regime and oversight by standard-setters such as the International Federation of Accountants and the Financial Reporting Council (United Kingdom). Risk management and independence policies are shaped in part by rulings from bodies including the Securities and Exchange Commission and national accounting regulators.
EY Global Limited offers multidisciplinary services across assurance, tax, strategy, transactions, and consulting, competing with networks such as McKinsey & Company, Boston Consulting Group, and Bain & Company in advisory engagements. Its assurance practice interacts with audit regulators like the Public Company Accounting Oversight Board and delivers financial statement audits prepared under frameworks including Generally Accepted Accounting Principles (United States) and IFRS. The tax practice advises on international tax matters affected by instruments such as the Base Erosion and Profit Shifting project and the OECD frameworks. Consulting services cover digital transformation, cybersecurity, and analytics, collaborating with technology vendors including Oracle Corporation and Amazon Web Services.
The network maintains offices in major financial centers including London, New York City, Tokyo, Shanghai, Sydney, Frankfurt, Mumbai, and São Paulo. Key regional hubs include the Americas headquarters in New York City and EMEIA leadership in London. Notable EY buildings and campuses are often situated near landmarks such as the Canary Wharf financial district and Manhattan’s Midtown Manhattan business corridor. The firm’s reach encompasses member firms operating under local regulations across jurisdictions like the European Union, China, India, and Brazil.
EY member firms have been involved in several high-profile controversies and legal proceedings. The network has faced scrutiny related to audit failures tied to corporate collapses such as Lehman Brothers—and regulatory investigations by entities like the Department of Justice (United States) and the UK Serious Fraud Office. In some jurisdictions EY has paid settlements and fines, and has been subject to independence criticisms similar to those confronted by PwC and KPMG. Litigation has also arisen from advisory work connected to tax planning strategies examined by the European Commission and national revenue authorities. The firm has responded with internal reforms, changes to partner remuneration, and enhanced transparency initiatives following regulatory actions in markets including the United Kingdom and the United States.
EY publishes sustainability and corporate responsibility reports aligning with frameworks like the United Nations Global Compact and the Task Force on Climate-related Financial Disclosures. The network has announced commitments toward net-zero operations and has engaged in initiatives supporting diversity and inclusion that reference standards such as the UN Women guidance and the Business Roundtable principles. EY collaborates with educational and nonprofit institutions including Junior Achievement and university partners like University of Oxford and Harvard Business School for talent development and social impact programs.
EY’s global revenue places it among the highest-grossing professional services networks, often ranking alongside Deloitte and PricewaterhouseCoopers in annual league tables published by trade publications and market analysts. Financial performance is reported at the global network level with periodic disclosures from major member firms such as Ernst & Young LLP (United States). The firm appears in corporate rankings including lists by Fortune and industry research firms that track revenue, headcount, and market share across sectors like financial services, technology, and consumer products.
Category:Accounting firms Category:Companies based in London Category:Professional services networks