Bloomberg Tax
Sept. 10, 2020, 1:14 PM

EY Reports Record Revenue Despite Coronavirus, Audit Scandals

Michael Kapoor
Michael Kapoor
Freelance Correspondent

EY on Thursday posted record global revenue in its latest business year, despite the coronavirus pandemic and some audit scandals.

Ernst & Young LLP, one of the Big Four accounting giants, said global revenue grew 4.1% to $37.2 billion in the fiscal year to June 30, with continued growth in all areas. The rate of growth halved from 2019, however, largely because the pandemic hit demand for advisory services. The firm doesn’t report net profit.

  • EY’s biggest business line remained assurance, including audit, where revenue ...

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