What it Does: Its main services to clients include assurance (which includes financial audit), tax, consulting, and advisory.
Mission: The company's goal is to assist clients in making business decisions that will foster local community economic development.
Size and Presence: It employs 312,250 professionals in more than 700 facilities in greater than 150 different nations.
Best Known For: More than any other accounting firm, EY has maintained a ranking on Fortune magazine's list of the best Employers For for the previous 24 years.
The Good Bits: The company has a positive workplace culture.
The Not So Good Bits: Severe regulations; occasionally extended work hours.
To become the preeminent global organization EY is today, strong leadership and innumerable contributions from individuals all over the globe were required. The founders, Arthur Young and Alwin C. Ernst, and the nineteenth century are where its roots are. Scotch-born Arthur Young was born in Glasgow. He earned a legal degree but developed a passion for banking and investments. He immigrated to the US in 1890 to pursue a profession in accountancy. Together with his brother Stanley, he founded the accounting business Arthur Young & Company in 1906. AC Ernst and Arthur Young both shared a commitment to generating high-caliber work. Ernst invented the notion that accounting data might be utilized to make corporate decisions and improve the organization of clients. He motivated the team to provide clients with greater service. Young advertised himself as both an accountant and a business advisor.
EY believes that money and talent will move from businesses that simply benefit their shareholders to those that benefit a wider range of stakeholders over the long term, including employees, customers, suppliers, communities, governments, investors, and shareholders. Organizations that base their strategies on a worthwhile goal and aim to influence stakeholders in a long-lasting, sustainable way are uniquely equipped to reap the rewards of their work, show how it adds value, and quantify it.
For personnel to develop into the best versions of themselves and assist others in doing the same, EY offers the resources, training, flexibility, and varied and inclusive culture. Every employee's perspective matters and they ought to feel heard. Utilize cutting-edge technology. Employees can constantly reinvent themselves as long as they pursue new chances.
EY recruitment process includes the following process:
The average annual salary of a fresh graduate at EY Malaysia is MYR 38,400.
Health Care & Insurance
Paid Sick Leave.
Maternity & Paternity Leave
Reduced or Flexible Hours
Retirement Plan
Medical Insurance
Life Insurance
EY will endeavor to promote the adoption of behaviors technologies, and business models that preserve and restore the environment while creating economic opportunities to speed forward environmental sustainability. EY has created and is putting into action comprehensive member firm plans to give travel arrangements, office energy use, waste and water management, and sustainable procurement top priority.
In June 2022, the U.S. Securities and Exchange Commission (SEC) filed accusations against Ernst & Young and levied a $100 million fine against the accounting firm—the "highest penalty ever imposed by the SEC against an audit firm."