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The Latest Breaking News from EY

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

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

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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

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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

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.

Fortune

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

The Guardian - AU

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.

Fortune

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

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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

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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.

The Guardian - AU

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

Fortune

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.

The Guardian - AU

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

Fortune

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.

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