Skip to main content

Is EY in trouble?

Looks like EY's in a little trouble. I mean, auditors can sued by investors occassionally, and it usually ends up in a quick settlement and people move on. But this is Lehman, just off the heels off a pretty intense recession. I don't know enough to explain what happened, but Francine Mckenna provides the gist of the story here.
Will be interesting to see how this affects the big 4
Labels:

Comments

Anonymous said…
If I were to wager a guess at why, I’d say that users don’t “browse” forms. The interaction style users engage in with forms is different, and requires its own study and design best practices. This is a very interesting post, and the comments are also fantastic to read. I’ll have poses to have a little re-think about my own contact form on our new website, as this some interesting questions!
work from house
March 15, 2010 at 8:47 PM
Anonymous said…
If I were to wager a guess at why, I’d say that users don’t “browse” forms. The interaction style users engage in with forms is different, and requires its own study and design best practices. This is a very interesting post, and the comments are also fantastic to read. I’ll have poses to have a little re-think about my own contact form on our new website, as this some interesting questions!
work from house
March 15, 2010 at 8:50 PM
Anonymous said…
I hope EY goes down like AA, this way Congress will pass another act similar to SOX and create more jobs for us.
March 16, 2010 at 5:07 AM
Unknown said…
In order for this to happen, the administrator (PwC) would have to bring the action against EY. There's no way that would happen - far too political and the big 4 need there to be 4 to protect themselves
March 18, 2010 at 6:42 AM
LR said…
Which team do you work for - Arsenal, Chelsea, Manchester United or Liverpool?

I'm a Tottenham supporter myself - i suppose you could say we could be part of 'The Big Four' soon!
March 18, 2010 at 3:19 PM
Post a Comment

Popular posts from this blog

ADP/Payroll

Just realized that the very payroll/adp reports we all enjoyed looking at in order to see how much our client contacts made, now seem to piss me off. Especially when your main contact, who couldn't tell a debit from a credit, makes significantly more than you, and leaves at 5. It's almost guaranteed to get you in a foul mood and yak with your team about the ridiculous salaries that certain employees get when compared to yours.
36 comments
Read more

should you choose to audit financial services?

I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years? Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard ...
47 comments
Read more

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run? Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit. In the long run though, choosing audit vs consulting really depends on what you want ...
66 comments
Read more