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The Latest Breaking News from EY

EY stands by its work on Victoria’s Commonwealth Games business case

Ernst & Young partner tells inquiry it used ‘same framework’ applied to other major events such as Melbourne Grand Prix

The Guardian - AU

Boards love CEO candidates with consulting experience—but there’s a catch

Fortune 500 companies are filled with CEOs who have consulting experience, but they also have other roles before they take the top job.

Fortune

CBI to step back early from top firms’ boardroom diversity initiative

High-profile companies reportedly discussed cutting ties with the business lobby group

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Senator responds to report – as it happened

This blog is now closed.

The Guardian - AU

The ACT government's biggest 2022-23 contracts revealed

The government also entered into more than 1100 new contracts.

The Canberra Times

Victoria paid EY more than $30m for Covid pandemic health projects

Public health expert says value of contracts cannot be assessed as they are described using ‘waffle words generated by the obfuscation machine’

The Guardian - AU

Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

Fortune

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Can Britain recreate a microchip industry worth its salt?

UK governments let processor manufacturing drift overseas for years. Now Covid and war have shown how vital homegrown capability is, the country is scrambling to catch up. But so is everyone else

The Guardian - UK

The FIRE movement is soaring in popularity–but early retirees report feeling lost and unfulfilled

While many aspire to reach financial independence early and enjoy a longer retirement, they often don’t consider the impact it will have on their lives.

Fortune

'It's going to be messy': Banks underestimate threat of climate change

Modelling the impact of rising temperatures is an 'ongoing and living exercise', banks acknowledge. But climate planning experts say they're being complacent. Emma Ricketts reports.

Newsroom.co.nz

Morning Mail: consultants criticised over gas plan role, ‘ghost flights’ revealed, France to face Australia in World Cup quarter-final

EY did not disclose work for gas giant to NSW officials; Qatar Airways exploits loophole with ‘ghost flights’

The Guardian - AU

Consulting firm EY worked for gas giant Santos while advising NSW on gas policy

Exclusive: Consulting firm did not disclose Santos work before being paid to assist the government’s ‘future of gas statement’ that paved way for Narrabri gas development

The Guardian - AU

Britishvolt buyer yet to make final payment in deal to rescue battery firm

Administrators say Recharge Industries is in default of sale agreement, which parent firm denies

The Guardian - UK

Amazon, Google wooed by India for $750 million cricket rights: Report

India’s cricket governing body is trying to lure global giants Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team’s games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League.

The Times of India

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Fortune

Meet the most powerful private equity investors from Blackstone, Vista Equity, and Apollo

Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.

The Guardian - AU

Hundreds of staff at EY Oceania report bullying, racism and sexual harassment

Independent review finds 15% have endured bullying, 10% sexual harassment, and two in five have considered quitting due to long hours

Fortune

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

There were even more ESG shareholder proposals this proxy season than last year—Here’s why investor support for them tanked

A new report finds that investors are being selective—and perhaps cautious—about the environmental, social, and governance (ESG) issues they’re willing to support.

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news in one place.

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TechRadar

Data stolen in MOVEit breach leaked by notorious ransomware gang

Russian ransomware group Clop is estimated to make up to $100 million from its MOVEit campaign.

The Conversation

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

Fortune

Newest Fortune 500 member says large companies lose focus: 'You are little more remote from where the action is'

Kenvue, spun off from Johnson & Johnson in May, generated $15 billion in sales last year, enough to put it at rank 275 on 2022's Fortune 500 list.

The Guardian - AU

Daniel Andrews’ $7bn Commonwealth Games price tag doesn’t add up, expert says

Grattan Institute analyst says ‘the supply and cost inflation can’t fully account for this massive increase in costs’

Evening Standard

Darktrace urged to publish EY investigation as it dismisses concerns over accounts

A tech firm with one of the rockiest share prices on the FTSE 250 got a lift today after it batted away short-seller speculation over financial reporting inaccuracies.

The Guardian - AU

EY chief blasts PwC Australia for ‘disturbing and disappointing’ tax leak scandal

In Senate inquiry, David Larocca seeks to distance EY from PwC scandal but faces criticism for not providing more information about business

AAP

Consultancy workplace culture 'not perfect': EY chief

One of the big four consultancy firms says workplace culture needs to change, as a parliamentary committee probes the embattled sector.

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