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The Latest Breaking News from EY

Ernst & Young reveals data breach following hack on support system

Someone pulled sensitive customer data from EY's servers, but the data is yet to surface anywhere.

TechRadar

Travel firms and housebuilders lead profit warnings amid Iran war fallout

The figures from EY-Parthenon show UK listed firms made 59 profit alerts in total across the second quarter, up from 55 in the previous three months.

Evening Standard

The Global Race to Regulate AI Is Creating New Risks for Businesses

AI regulation is a healthy step for states and countries concerned about the speed of AI adoption. However, it's creating new complexities for businesses to navigate.

International Business Times

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Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

The Economic Times

'End of an era': 200 jobs lost, unique smelter shuts

The nation's only manganese smelter, which produced material critical to steel manufacturing, will shut after a buyer couldn't be found.

AAP

Former Virgin Money boss picked as next chair of UK’s auditing watchdog

Dame Jayne-Anne Gadhia has been announced as the Government’s pick to chair the Financial Reporting Council.

Evening Standard

This summer's hottest IPOs are minting a new class of ultra-high-net-worth 'IPO Bros'—and family offices are changing how they approach them

A hot IPO summer means family offices are learning how to navigate newly minuted UHNW "IPO Bros" who have that entrepreneurial spirit.

Fortune

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Who has access to my bank details? What protections are in place to prevent misuse?

Two brothers – Paul Issa and Phillip Issa – fronted court in Sydney this week, both facing criminal charges after allegedly accessing the personal banking details of Prime Minister Anthony Albanese.

The Conversation

‘Not fair and honest’: KPMG and other audit firms finally face a reckoning – and a potential break-up

The “big four” audit and consulting firms face a likely crackdown that could even lead to the firms being broken up, following a string of ethical failures.

The Conversation

Number's up for crisis-hit accounting firms in shake-up

Treasury is proposing splitting auditing and consulting functions under reforms to the industry following scandals involving the major firms.

AAP

Two EY employees charged with accessing bank details of Australian PM Albanese: ‘Incredibly concerning’

Two men, aged 21 and 25, charged with unauthorised access to restricted data

The Independent UK

Accounting grad sacked after PM's bank account accessed

Accounting giant EY has sacked an employee who was charged with accessing Anthony Albanese's personal bank account while on secondment at the Commonwealth Bank.

AAP

Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautions

India faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augmenting strategic reserves, currently sufficient for only five days of consumption and developing a comprehensive purchase and release strategy.

The Economic Times

India's higher nominal GDP growth may help contain fiscal pressures despite global risks: EY

India's fiscal deficit is expected to remain under control in FY27, thanks to robust nominal GDP growth driven by higher inflation, according to EY India. This will bolster tax revenues, helping the government manage finances despite potential increases in subsidy spending. While real growth may moderate, a projected nominal GDP…

The Economic Times

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The Economic Times

EY, KPMG, Deloitte among top 10 auditors by number of companies audited in FY26

India’s audit market in FY26 remained dominated by large firms, with EY, KPMG and Deloitte leading by audit volume and market capitalisation exposure. Concentration persists, with limited firms handling multiple mandates, while auditor exits and tenure completions signal ongoing churn within the listed companies’ audit ecosystem.

Evening Standard

UK political instability second biggest worry flagged by overseas investors

EY’s latest UK Attractiveness Survey showed UK foreign direct investment projects dropped 14% in 2025.

The National (Scotland)

Scotland’s foreign investment attractiveness at record high, new study finds

SCOTLAND's foreign direct investment (FDI) “attractiveness” is at a record high, according to a new study ...

Evening Standard

Scotland’s foreign investment attractiveness at record levels, study finds

A third of the firms planning UK investment say they will choose Scotland, up from 27% last year and an all-time high, EY said.

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Fortune

Top EY executives: we found your biggest AI blind spot. It's called the 'tempo gap'

The phenomenon quietly undermining enterprise AI adoption is about the different speeds at which you're moving.

France 24

EY's Jad Shimaly on how AI is reshaping business and the workplace

From boosting productivity to transforming recruitment and consulting, artificial intelligence is changing the way companies operate. Speaking to FRANCE 24 at VivaTech in Paris, EY executive Jad Shimaly explains where AI is delivering results and what it could mean for the future of work.

The Economic Times

JBM Auto secures Rs 750 crore investment for e-bus deployment

JBM Auto's unit has secured a significant Rs 750 crore long-term investment from Motilal Oswal to deploy 2,000 e-buses and bolster India's sustainable public transit. This substantial capital infusion will accelerate the rollout of zero-emission fleets across key Indian cities, marking a major step in the nation's electric mobility transition.

Fortune

A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’

Ned Koh, the founder and president of Aaru, said the AI startup’s ability to predict outcomes better than human-led survey data speaks for itself.

The Economic Times

RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY report

The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for the next phase of India's digital payments…

Fortune

Gordon Ritter: I predicted AI's learning loop a decade ago. The doomers are still measuring the wrong thing

The companies winning aren't replacing human judgment — they're capturing it. The ones losing are letting it drain away.

The Economic Times

Piyush Goyal meets Ernst & Young CEO, discusses India's role in global supply chains

Union Minister Piyush Goyal said he held a meeting with Janet Truncale, Global Chair and CEO of EY, to discuss India's growing role in global supply chains and the expanding opportunities in Global Capability Centres (GCCs).

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