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|
Region |
FY09 |
FY08 |
% Change |
|
|
US$ |
Local Currency |
|||
|
Americas |
$8,647 |
$9,152 |
-5.5% |
-3.2% |
|
EMEIA |
9,636 |
10,667 |
-9.7 |
1.8 |
|
Far East |
1,144 |
1,216 |
-5.9 |
-2.7 |
|
Oceania |
817 |
972 |
-15.9 |
-0.4 |
|
Japan |
1,196 |
994 |
20.3 |
7.5 |
|
Total |
$21,440 |
$23,001 |
-6.8% |
-0.2% |
Ernst & Young revenues by service line – US$ millions
|
Service Line |
FY09 |
FY08 |
% Change |
|
|
US$ |
Local Currency |
|||
|
Assurance |
$10,141 |
$10,826 |
-6.3% |
-0.7% |
|
Tax |
5,822 |
6,142 |
-5.2 |
1.8 |
|
Advisory |
3,589 |
3,817 |
-6.0 |
1.5 |
|
TAS |
1,888 |
2,216 |
-14.8 |
-6.9 |
|
Total |
$21,440 |
$23,001 |
-6.8% |
-0.2% |
Ernst & Young people by area
|
Region |
FY09 |
FY08 |
% Change |
|
Americas |
41,487 |
43,426 |
-4.5% |
|
EMEIA |
68,732 |
68,041 |
1.0 |
|
Far East |
19,761 |
19,196 |
2.9 |
|
Oceania |
7,090 |
7,276 |
-2.6 |
|
Japan |
7,371 |
6,575 |
12.1 |
|
Total |
144,441 |
144,514 |
-0.1% |
Ernst & Young people by service line
|
Service Line |
FY09 |
FY08 |
% Change |
|
Assurance |
60,938 |
61,065 |
-0.2% |
|
Advisory |
18,276 |
18,651 |
-2.0 |
|
Tax |
27,446 |
26,859 |
2.2 |
|
TAS |
7,876 |
7,978 |
-1.3 |
|
Practice support |
29,905 |
29,961 |
-0.2 |
|
Total |
144,441 |
144,514 |
-0.1% |
EMEIA = Europe, Middle East, India and Africa
AABS = Assurance, Advisory and Business Services
TAS = Transaction Advisory Service
History
The founders of Ernst & Young never met. A.C. Ernst and Arthur Young were both very different people. Young, born in Scotland in 1863 and a graduate of Glasgow University, was privileged and soft-spoken. His interest in investments and banking eventually led him to accounting. He migrated to the United States, settled in Chicago and, in 1906, founded Arthur Young & Co.
By contrast, the outgoing Ernst, born in 1881 in the United States, in Cleveland, was basically self-made. Following high school, he worked as a bookkeeper and, four years later in 1903, joined with his brother, Theodore, to start Ernst & Ernst.
Ernst pioneered the idea that accounting information could be used to make business decisions-the forerunner of management consulting. He also was the first to advertise professional services.
Young was profoundly interested in the development of young professionals. In the 1920s he originated a staff school; in the 1930s, his firm was the first to recruit from university campuses.
Both firms were quick to enter the global marketplace. As early as 1924, they allied with prominent British firms-Young with Broads Paterson & Co., and Ernst with Whinney Smith & Whinney. In 1979, Ernst's original agreement led to the formation of Ernst & Whinney.
A.C. Ernst and Arthur Young died within days of each other in 1948.
In 1989, the firms they started combined to create Ernst & Young.
Benefits
Health & Welfare
Medical Coverage
Dental Coverage
Health Care Reimbursement Account
Dependent Day Care Reimbursement Account
Vision One Eye Care Program
401(k) Plan - Matching contribution of 25% of the first 6% contributed
after one year of service, 50% of the first 6% contributed after
four years of service.
Retirement Plan - Vesting after four years of service
Financial & Legal Protection
Group Term Life Insurance
Group Universal Life Insurance
Group Variable Universal Life Insurance
Long-Term Care Insurance Plan
Accidental Death and Dismemberment Insurance
Business Travel Accident Insurance
Short-Term Disability
Long-Term Disability
Supplemental Long-Term Disability
Group Legal
Life Management
Flexible Work Arrangements
EY/Assist (24/7 access to trained professionals and licensed
counselors)
Adoption Assistance
Parental Leave of Absence
Vacation and Personal Days - 15 to 25 days per year plus 3 personal
days
Holidays - 8 observed holidays each year
Commuter Benefits
Mortgage Referral Program
Matching Gifts