Showing 1 to 10 of 10 results
Allianz Appoints EY as Auditor Despite Wirecard Scandal
The Allianz supervisory board will propose EY as its new auditor starting in 2027, marking EY's return to the financial sector after its involvement in the Wirecard scandal.
Allianz Appoints EY as Auditor Despite Wirecard Scandal
The Allianz supervisory board will propose EY as its new auditor starting in 2027, marking EY's return to the financial sector after its involvement in the Wirecard scandal.
Progress
48% Bias Score
FRC Investigates EY's Role in Post Office Horizon Scandal
The UK's Financial Reporting Council (FRC) is investigating EY's audits of the Post Office's accounts between 1999 and 2018, focusing on the role of the Horizon IT system in the wrongful convictions of over 900 post office workers, following a public inquiry that concluded in December 2023 and cost ...
FRC Investigates EY's Role in Post Office Horizon Scandal
The UK's Financial Reporting Council (FRC) is investigating EY's audits of the Post Office's accounts between 1999 and 2018, focusing on the role of the Horizon IT system in the wrongful convictions of over 900 post office workers, following a public inquiry that concluded in December 2023 and cost ...
Progress
44% Bias Score
EY Cuts 30 Partners Amid Consulting Downturn
EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...
EY Cuts 30 Partners Amid Consulting Downturn
EY is cutting 30 partners, its largest single cut in decades, due to a 4 percent decline in consulting revenue and a 5 percent drop in average partner profits to £723,000, reflecting decreased client spending caused by inflation and rising interest rates, impacting the firm's overall strategy and th...
Progress
40% Bias Score
Wirecard Lawsuit: Court Rejects EY's Inclusion
The Bavarian Supreme Regional Court rejected the inclusion of EY, Wirecard's auditor, in a large-scale investor lawsuit due to the absence of a direct link between the audit report and public market information, shifting responsibility to Wirecard, leaving individual lawsuits as the only remaining r...
Wirecard Lawsuit: Court Rejects EY's Inclusion
The Bavarian Supreme Regional Court rejected the inclusion of EY, Wirecard's auditor, in a large-scale investor lawsuit due to the absence of a direct link between the audit report and public market information, shifting responsibility to Wirecard, leaving individual lawsuits as the only remaining r...
Progress
40% Bias Score
Ibex 35 Audit Market Share: KPMG and EY Lead in 2025
In 2025, KPMG and EY will each audit 11 Ibex 35 companies, while PwC will audit 9 and Deloitte 4; however, PwC's contract with Banco Santander (over \$130 million) makes it likely to have the highest revenue. These changes reflect ongoing competition and strategic shifts among the Big Four.
Ibex 35 Audit Market Share: KPMG and EY Lead in 2025
In 2025, KPMG and EY will each audit 11 Ibex 35 companies, while PwC will audit 9 and Deloitte 4; however, PwC's contract with Banco Santander (over \$130 million) makes it likely to have the highest revenue. These changes reflect ongoing competition and strategic shifts among the Big Four.
Progress
36% Bias Score
FRC Investigates EY's Post Office Audit Following Horizon IT Scandal
The Financial Reporting Council (FRC) is investigating EY's audit of the Post Office from 2015-2018, focusing on whether auditing standards were met during the Horizon IT scandal that wrongly prosecuted over 900 postmasters, following public hearings and EY's recent fines for other botched audits.
FRC Investigates EY's Post Office Audit Following Horizon IT Scandal
The Financial Reporting Council (FRC) is investigating EY's audit of the Post Office from 2015-2018, focusing on whether auditing standards were met during the Horizon IT scandal that wrongly prosecuted over 900 postmasters, following public hearings and EY's recent fines for other botched audits.
Progress
44% Bias Score
AI Adoption Lags in Investment Management: Challenges and Opportunities
EY's 2024 AI survey reveals that only 5% of investment managers are leading in AI adoption, with 41% lagging or lacking plans. The main challenges are limited understanding of AI applications (64%), regulatory uncertainty (50%), and insufficient employee skills (59%), while benefits include improved...
AI Adoption Lags in Investment Management: Challenges and Opportunities
EY's 2024 AI survey reveals that only 5% of investment managers are leading in AI adoption, with 41% lagging or lacking plans. The main challenges are limited understanding of AI applications (64%), regulatory uncertainty (50%), and insufficient employee skills (59%), while benefits include improved...
Progress
36% Bias Score
EY Employees Vote on 48-Hour Workweek Amidst Overtime Concerns
At EY, a significant employee referendum from April 14-21 will decide whether to reinstate a 48-hour workweek limit, prompted by high overtime (25% of employees exceed 50 hours weekly for over 20 weeks annually), leading to health issues and a contested 2021 agreement that rarely provides support.
EY Employees Vote on 48-Hour Workweek Amidst Overtime Concerns
At EY, a significant employee referendum from April 14-21 will decide whether to reinstate a 48-hour workweek limit, prompted by high overtime (25% of employees exceed 50 hours weekly for over 20 weeks annually), leading to health issues and a contested 2021 agreement that rarely provides support.
Progress
56% Bias Score
Wirecard Lawsuit: Court Rejects Claims Against EY
The Bavarian Supreme Regional Court dismissed almost 8,700 investor claims against EY in a Wirecard class-action lawsuit, ruling that EY did not directly publish the false information; however, the plaintiff plans to appeal to the Federal Court of Justice.
Wirecard Lawsuit: Court Rejects Claims Against EY
The Bavarian Supreme Regional Court dismissed almost 8,700 investor claims against EY in a Wirecard class-action lawsuit, ruling that EY did not directly publish the false information; however, the plaintiff plans to appeal to the Federal Court of Justice.
Progress
40% Bias Score
German Economy Faces Deep Crisis Amidst Job Cuts and Production Decline
A recent study reveals a pessimistic outlook for the German economy in 2024 and 2025, with 31 of 49 industry associations reporting worsening conditions, job losses anticipated, and major companies expecting revenue and profit declines; the automotive industry's struggles are highlighted as a key fa...
German Economy Faces Deep Crisis Amidst Job Cuts and Production Decline
A recent study reveals a pessimistic outlook for the German economy in 2024 and 2025, with 31 of 49 industry associations reporting worsening conditions, job losses anticipated, and major companies expecting revenue and profit declines; the automotive industry's struggles are highlighted as a key fa...
Progress
60% Bias Score
Showing 1 to 10 of 10 results