Wednesday, September 30, 2009

Ernst & Young Still a Deal Junkie

Ernst & Young reported global numbers. What is still striking is how reliant they still are on non audit or non assurance services. They reported US$21.4 billion in revenues for the year ending June 30. 26% is non assurance and non tax.

They are still hooked on the wheeler dealer deal junkie revenue.

Look at the head count attributable to advisory and TAS 35,322 virtually unchanged from last year. The practice support group came in at just over 29,000 again virtually unchanged from the previous year. Practice support can mean a lot of things of course.