Ernst & Young
Multinational professional services network
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| April 2025 | Fined £4.9 million by UK Financial Reporting Council for serious breaches in Thomas Cook audit standards. |
| December 2024 | Faced a lawsuit for allegedly assisting Brooge Petroleum and Gas Investment Company in investor fraud during a SPAC merger. |
| April 2024 | EY officially apologized for its workplace culture and announced the start of a 'time-owed-in-lieu pilot' while claiming progress on recommendations from the Broderick review. |
| 2023 | Public Company Accounting Oversight Board reported deficiencies in half of four EY Canada audits. |
| 2023 | Ranked as the seventh-largest privately owned organization in the United States. |
| July 2023 | Elizabeth Broderick released an independent culture review of EY's Australian and New Zealand offices, revealing significant workplace culture issues including bullying, sexual harassment, and racism affecting 15% of employees. |
| June 2023 | EY World Entrepreneur of the Year event held with a diverse international judging panel including business leaders from Argentina, Hong Kong, USA, Singapore, Democratic Republic of the Congo, Belgium, Poland, and South Korea. |
| April 2023 | German watchdog APAS prohibited EY from accepting new audit mandates for two years due to Wirecard mandate violations. |
| April 2023 | EY cancelled Project Everest after the US portion of the firm withdrew support for the split. The preparation and planning for the potential split had cost the firm $600 million. |
| March 2023 | Julie Boland, head of EY US, announced in a webcast that the split would be temporarily paused due to internal debates over the tax service line distribution. |
| 2022 | Stella McCartney CBE wins the Ernst & Young Entrepreneur of the Year Award for Stella McCartney Cares in the United Kingdom |
| November 2022 | Acquired Bridge Business Consulting, a Sydney-headquartered data and analytics specialist firm. |
| September 5 2022 | EY announced that partners would vote on whether to split the firm into two separate businesses. Member firms in China, Hong Kong, Macau, and Israel stated they would not participate in the split. |
| August 2022 | An auditor in the Sydney office died by suicide, prompting EY to commission an independent culture review. |
| June 2022 | The Canadian Public Accountability Board announced an investigation into potential similar exam cheating practices by Ernst & Young's Canadian operations following the SEC's fine. |
| June 2022 | The SEC fined Ernst & Young US$100 million for widespread exam cheating by audit professionals on CPA licensing exams and for obstructing the investigation by withholding evidence. The firm admitted to the underlying facts, marking the largest penalty ever imposed on a US audit firm. |
| May 2022 | The Wall Street Journal reported EY's potential plan to split its accounting and advisory divisions into two separate businesses, internally referred to as 'Project Everest'. |
| April 2022 | NMC Health administrators filed a $2.5 billion lawsuit against EY for alleged negligence in auditing accounts. |
| 2021 | Ernst & Young agreed to pay the state of New Jersey $100,000 and establish a $500,000 scholarship to resolve discrimination claims related to the problematic training program, following an official investigation. |
| 2021 | Charles III wins the Ernst & Young Entrepreneur of the Year Award representing the British Monarchy in the United Kingdom |
| August 2021 | Fined £3.5 million by UK Financial Reporting Council for failing to challenge Stagecoach Group's 2017 financial statements. |
| August 2021 | EY US agreed to pay US$10 million to the SEC for auditor independence misconduct related to Sealed Air. |
| April 2021 | EY's second-year auditor staff in the Barcelona office sent an email to line managers, raising concerns about excessive working hours that were sometimes reaching 84 hours per week. |
| June 2020 | Faced a lawsuit for failing to uncover $2 billion missing at Wirecard AG. |
| April 2020 | A former partner was awarded $10.8 million for ethical misconduct in a Dubai gold audit, with EY dropping their appeal in March 2021. |
| 2019 | Liu Jiren wins the Ernst & Young Entrepreneur of the Year Award for Neusoft in China |
| October 2019 | HuffPost exposed a controversial 'Power-Presence-Purpose' training seminar at Ernst & Young, which was criticized for providing sexist advice to female employees, including recommendations about appearance, speech, and behavior that were perceived as demeaning. |
| April 2019 | EY announced a two-year collaboration with USA Rugby as their Official Principal Partner, focusing on digital transformation, innovation, and improving diversity and inclusiveness in the sport. |
| 2018 | Ernst & Young restructured its regional organization by merging the CIS (Commonwealth of Independent States) and CEE (Central and Eastern Europe) regions to create the new CESA (Central, Eastern, and Southeastern Europe, and Central Asia) block. |
| 2018 | Opened a $4.4 million professional services center in Louisville, Kentucky, creating 125 new jobs, and announced an IT/tech hub in Nashville, Tennessee, creating 600 regional jobs. |
| 2018 | Andrew Forrest wins the Ernst & Young Entrepreneur of the Year Award for Fortescue Metals Group in Australia |
| 2017 | Opened an executive support center in Tucson, Arizona, creating 125 new jobs, and established a Digital Security Operations Center in Muscat, Oman, covering the EMEIA region with a $10 million investment. |
| February 2017 | Symantec stopped accepting WebTrust audits from EY Korea and EY Brazil due to audit deficiencies. |
| October 2016 | Settled with the SEC over failure to detect financial statement fraud at Weatherford. |
| September 2016 | Fined US$9.3 million by the SEC for audit failures, including auditors' romantic involvement with clients. |
| 2015 | Opened first global Security Operations Centre in Thiruvananthapuram, Kerala, India, and invested $20 million over 5 years to combat cybercrime. |
| 2014 | Acquired global strategy consulting firm The Parthenon Group, gaining 350 consultants and establishing EY-Parthenon strategy consulting services. |
| 2013 | Faced a court case regarding audit practices in Hong Kong, involving outsourcing to mainland China for Standard Water audit. |
| 2013 | Hired by the Vatican to review its finances and administrative operations, and acquired all of KPMG Denmark's operations, including 150 partners, 1,500 employees, and 21 offices. |
| 2013 | Completed a major rebranding campaign, officially changing the company name from Ernst & Young to EY, though the initialism was already informally used. |
| September 8 2011 | Rio 2016 announced EY as an official sponsor of the 2016 Summer Olympics in Brazil, designated as the exclusive provider of professional services for the Rio 2016 organizing committee. |
| 2010 | Acquired Terco, the Brazilian member firm of Grant Thornton. |
This contents of the box above is based on material from the Wikipedia articles Ernst & Young Entrepreneur of the Year Award & Ernst & Young, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.