Ernst and
Young Advisory Services Sdn Bhd (EY) provides assurance, tax, consulting and
advisory services. Assurance services include Financial Audit and Fraud
Investigation & Dispute Services. It dominates the majority of the share of
revenues in EY.
It is headquartered in London, United Kingdom. It was founded on 1989
through the merger of Ernst & Whinney and Arthur Young & Co. Ernst
& Whinney and Arthur Young & Co are ranked at fourth and fifth in the
world in 1989. Nowadays, EY is the third largest by aggregated revenue and
well-known audit firm in the world. The present chairman and chief executive
director is Mark Weinberger.
EY will be an official sponsor of the XXXI Olympic Summer Games to be
held in Brazil in 2016. It will provide the consulting and auditing to the
organizing committee of the event. In additions, EY sponsors the educational
children’s show, Cyberchase,
to improve mathematics literacy of children in the United States. Moreover, EY
establishes a charity to support young entrepreneurs to set up their business
in the United Kingdom.
EY is a people-oriented audit firm because it has a high ranking in several
organization researches. It claimed EY treats its employees better than other
big accounting firms. EY also achieve 100% rating on the “Human Rights Campaign
Corporate Equality Index” in 2013. Therefore, EY is the best among the Big Four
accounting firm with good people-oriented. The following table is the
achievement of EY:
Ranking
|
Title awarded
|
Sources
|
1st
|
“The Best Accounting Firms to Work For”
|
Forbes Magazine, 2012
|
1st
|
“Best Places to Launch a Career”
|
BusinessWeek, 2008
|
1st
|
“Stonewall Top 100 Workplace Equality Index”
|
Stonewall, 2012
|
2nd
|
“Universum World’s Most Attractive Employers”
|
Universum, 2014
|
4th
|
“Ideal Employers”
|
Universum’s America, 2011
|
7th
|
“10 Best Companies for Working Mothers”
|
Working Mothers Magazine, 2012
|
About FIDS
I am
joining the Fraud Investigation and Dispute Services (FIDS). Basically, it
works on forensic accounting. FIDS was
placed under risk management and advisory services in the past. Recently, it
was parked under one of the assurance service line in EY. This department needs
various and combined knowledge on business operation, audit and
advisory. The services provide by the department are compliance testing,
fraud investigation, disputes solving. There are 20 employees in the department
and it will be growing to the target of 40 employees. The following figure is
the FIDS department structure:


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