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| Ernst & Young AG |
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Overview:
Ernst & Young is a global leader in Assurance, Tax, Transactions and Advisory services. We aim to have a positive impact on businesses and markets, as well as on society as a whole.
Fast access to our global network
Our 135,000 people are the foundation of our success. We assemble the right multi-disciplinary team for your business, drawing on our global talent pool, to help you achieve your potential. We work closely with you, gaining a clear understanding of your organization and striving to identify issues before they become problems. We make sure you get fast access to the people you need, wherever in the world you need them. And with our global focus on 14 Global Industry Sectors you benefit from a market-leading global response to your specific needs.
Developing our people, to the benefit of your business
We attract talented people from diverse backgrounds. Our emphasis on inclusiveness matters more than ever today. As business challenges become more complex, we need to call upon the widest spectrum of views and opinions to address them. Our open culture fosters continuous personal and professional development. Because when our people grow and succeed, your company benefits.
Making a difference in a changing world
Business, government and NGOs are increasingly pulling together to promote business, social and environmental progress. Ernst & Young contributes to this effort through skill-based volunteering that’s coordinated globally while taking account of local conditions and culture. We channel our efforts into three key areas that are aligned with our business strategy and critical to improving and expanding market economies: entrepreneurship, education and environmental sustainability. |
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History:
It has taken the bold leadership and countless contributions of people around the world to form the leading global organization Ernst & Young is today. Our roots go back to the 19th century and our founders Arthur Young and Alwin C Ernst.
Arthur Young was born in Glasgow, Scotland. He graduated in law, but became interested in banking and investment. In 1890, he moved to the US to pursue his career in accounting. In 1906, he formed an accounting firm, Arthur Young & Company, with his brother Stanley.
Alwin C Ernst was born in Cleveland, USA. After leaving school he worked as a bookkeeper. Then, in 1903, he and his brother Theodore started Ernst & Ernst, a small public accounting firm.
Both Arthur Young and AC Ernst were innovators and appreciated the importance of quality in their work. Ernst pioneered the idea that accounting information could be used to make business decisions and make a difference to clients’ organizations. He inspired his people to deliver better service to clients. Young also positioned himself as a business advisor as much as an accountant.
Both men understood the importance of their people. In 1920, Ernst & Ernst’s operating philosophy stated: “The success of Ernst & Ernst depends wholly upon the character, ability and industry of the men and women who make up the organization.” Young supported the development of professionals. In the 1920s he originated a staff school and, in the 1930s, the firm was the first to recruit from university campuses.
Both firms were also quick to enter the global marketplace. As early as 1924, they allied with prominent British firms: Young with Broads Paterson & Co and Ernst with Whinney Smith & Whinney. These alliances were the first of many for both firms, which opened offices around the world to service their international clients.
AC Ernst and Arthur Young never met in life, but died within days of each other in 1948. However their philosophies lived on and, in 1989, were brought together when the firms they started combined to create Ernst & Young. The new organization quickly positioned itself on the leading edge of rapid globalization, new business technologies and continuous business change.
AC Ernst and Arthur Young would surely be proud of the result — a global organization of 135,000 people sharing their ideals and passion to help clients improve their businesses around the globe. |
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