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Ernst & Young (doing business as EY) is a multinational professional services firm headquartered in London, England, United Kingdom.
EY is one of the largest professional services firms in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers (PwC), EY is considered one of the Big Four accounting firms.
EY has recently shifted its historical business focus towards consulting. In particular, EY advanced its market presence in strategic consulting and entered into direct competition with what has been a traditional field of "Big Three" companies, namely Bain, McKinsey and BCG.
By a series of acquisitions and shift of market focus, EY expanded its market share in areas including operations services consulting, strategy services consulting, HR services consulting, financial services consulting & technology services consulting.
EY operates as a network of member firms which are separate legal entities in individual countries. It has 270,000 employees in over 700 offices around 150 countries in the world.
It provides assurance (including financial audit), tax, consulting and advisory services to companies.