Ernst & Young

Definition

Ernst & Young is a global professional services firm that provides audit, tax, business risk, technology and security risk services, and advisory services. It is one of the largest accounting firms in the world, known for maintaining high standards of auditing and financial management practices.

Related terms

Audit: An examination of financial records to ensure accuracy and compliance with accounting standards and regulations.

Advisory Services: Consultation services provided by firms like EY to help organizations improve their performance through strategic planning, financial management, and technology integration.

Compliance: The act of adhering to laws, regulations, guidelines, and specifications relevant to business operations; critical in financial reporting and auditing