5 ms·
Interesting, but how does your experience relate to the linked story? Is EY somehow related to Accenture? Are Accenture also doing auditing?
by Jolter 4y ago
Interesting, but how does your experience relate to the linked story? Is EY somehow related to Accenture? Are Accenture also doing auditing?
- 23B1 4y agoThey're both global professional advisories with a ton of similar services and competing for similar clients. They ought to be thought of as basically body shops for management consulting.
- hestefisk 4y agoAccenture was spun out of Andersen Consulting after the Enron saga. Andersen had both a consulting business and an audit arm - they were one of the “big five” audit firms before the collapse of Enron. Today, Accenture only do consulting; they do zero auditing. EY are not related to Accenture or Andersen. EY is an audit firm (one of the “big four”) with a massive consulting arm. Unlike Accenture which is a global firm, EY operates more like a local franchise. They do this to minimise risk of contagion from a bad apple like in Germany to other audit businesses in different countries. As such, EY is far from a global firm, but more like a collection of separate audit and consulting firms in different countries who all have a license to use the EY brand. This is an important difference.
- cgeier 4y agobefore the Enron scandal