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The Latest Breaking News from EY

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.

TechRadar

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.

The Conversation

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.

Fortune

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

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’

The Guardian - AU

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.

Evening Standard

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

The Guardian - AU

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.

AAP

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Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The Guardian - AU

The top 3 private equity stocks have outperformed the S&P 500 by 9.6% over five years. And they’re cheap right now too

Cash in on a favored investing style—without paying exorbitant fees.

Fortune

Afternoon Update: RBA cuts number of meetings; wastewater exposes cities’ drug habits; and an algorithm creates the ‘best’ expletive ever

Reserve Bank governor Philip Lowe says the change will allow more time to examine key issues in detail

The Guardian - AU

Partners and staff at Australia’s big consultancy firms sacked for misconduct including sexual harassment

Senate inquiry told about firings at KPMG, Deloitte and EY in wake of tax scandal at PwC

The Guardian - AU

KPMG and Deloitte refuse to join PwC in banning political donations in Australia

Analysis finds PwC, Deloitte, KPMG and EY donated $4.3m to Labor and the Coalition over the past decade

The Guardian - AU

Boards aren’t jumping on the A.I. bandwagon just yet

While CEOs and analysts are telling boards that A.I. is a must-have, directors are taking a more contemplative approach.

Fortune

Gen Z is so lacking in soft skills after lockdown that Big 4 consultants are offering classes to help new hires fit in at work

KPMG U.K. CEO Jon Holt tells Fortune, “It’s important that as a business we support them as they begin their training and careers with us.”

Fortune

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Nottingham Post

Nottingham City Council leader David Mellen has not seen damning finances report in full

A recent review found urgent action was needed to avoid the risk of "inappropriate financial activity" at Nottingham City Council.

InsideEVs

EV Interest At An All-Time High: Half Of US Car Buyers Eyeing Plug-In Models

EY's Mobility Consumer Index survey reveals that nearly half of US car buyers intend to buy an electric vehicle in the next 24 months.

Fortune

Even if we're in an A.I. 'hype curve,' big companies are still betting on the technology

A Fortune report squares the hype with A.I.’s long-term potential.

Fortune

Employee well-being is so critical to some organizations that they’re turning it into a new C-suite role

Several companies have hired chief well-being officers over the past few years as their workforce grapples with the long legacy of the COVID pandemic.

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news in one place.

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The Guardian - AU

Morning Mail: Call to ban consultancies’ political donations, Burney sets priorities for voice, ‘floating gold’ found

Transparency advocates say firms such as PwC should be banned from making political donations; Linda Burney to set out priorities for an indigenous voice

The Guardian - AU

‘Corrosive impact’: calls to ban political donations from Australia’s big four consultancies after PwC scandal

The firm along with Deloitte, EY and KPMG donated $4.3m to Labor and Coalition in past decade as government contracts increased by 400%, analysis shows

Fortune

NBA draftees’ high income doesn't equal wealth. Here are the unique challenges that await them

The income of pro athletes goes through extreme peaks and valleys. Here's how they can prepare for the future, according to Goldman Sachs.

Nottingham Post

Opposition leader "disturbed" as Nottingham City Council won't publish damning financial report

A review found urgent action was needed to prevent "inappropriate financial activity" at Nottingham City Council

Insider UK

Attracting global investment is crucial in a competitive market

Scotland must move with the times to remain a magnet to international firms

Birmingham Post

Key visit to North East set to boost regional health sector in wake of successful TechNExt festival

A delegation from Spain is touring the region days after international attendees spent time at the inaugural TechNExt event

Fortune

Only 32% of finance leaders would speak up if they disagreed with other executives, despite their influence to drive growth and value creation

A new EY report highlights the value of CFOs having a voice and building teams through "bold change."

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