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About ernst young ℹ️

Ernst & Young (EY) is a multinational professional services firm that provides a wide range of services, including auditing, tax consulting, advisory, and transaction advisory services. Founded in 1989 through the merger of two separate firms, Ernst & Whinney and Arthur Young & Co., EY has grown to become one of the largest professional services firms in the world. With a global presence spanning over 150 countries, Ernst & Young serves a diverse clientele, including multinational corporations, governments, non-profit organizations, and individuals. The firm's services are organized into four main business segments: Assurance, Advisory, Tax, and Transaction Advisory Services. In the Assurance segment, EY provides auditing and assurance services to help clients maintain transparency and integrity in their financial reporting processes. This includes conducting independent audits of financial statements, evaluating internal controls, and providing assurance on compliance with regulatory requirements. The Advisory segment offers a wide range of consulting services to help clients improve their business performance, manage risks, and navigate complex challenges. This includes strategic consulting, operational improvement, digital transformation, cybersecurity, and risk management services. In the Tax segment, EY provides tax consulting and compliance services to help clients optimize their tax strategies, manage tax risks, and comply with tax regulations. This includes corporate tax planning, international tax services, transfer pricing, and indirect tax advisory. The Transaction Advisory Services segment assists clients with mergers, acquisitions, divestitures, and other strategic transactions. EY's transaction advisory professionals provide due diligence, valuation, restructuring, and integration services to help clients maximize value and achieve their business objectives. EY is known for its commitment to quality, integrity, and professionalism in serving its clients. The firm's global network of professionals collaborates across borders and disciplines to deliver innovative solutions and insights that help clients succeed in today's dynamic business environment.

Ernst & Young: 10% of the $ 3.7 Billion collected during the ICOs was lost or stolen

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A new research by Ernst & Young argues that more than 10% of funds received during the initial placement of coins were stolen or lost. The results and conclusions are combined with a report detailing what Ernst & Young considers a risk of investing in such a little regulated market. In conducting its research, Ernst & Young cooperated with the iB group to analyze 372 ICOs in the cryptocurrency area, but the professional service company did not determine the time frame in its conclusions. According to the report, the research groups received data from "public sources through exchanges, data aggregators, ICO reports, ICO trackers, news sites, blockchains of network scanners / platforms and specialized social networks."

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