Ernst &Young Newsroom News Releases - Ernst & Young - Australia

News Releases

November 2009

• Carsales.com founder named 2009 Entrepreneur Of the Year
  13 November 2009
  Greg Roebuck, founder and Chief Executive Officer of online automotive classifieds carsales.com, has been named the Ernst & Young 2009 Australian Entrepreneur Of The Year at an awards ceremony held in Sydney last night.

October 2009

• PE continues to perform but challenges ahead 
  26 October 2009
  Private Equity (PE) continues to survive and thrive in the Australian market with PE investee companies continuing to outperform public sector counterparts, an Ernst & Young study, Challenges in a new world, shows.
  
• Ernst & Young names Melbourne Managing Partner
  19 October 2009
  Ernst & Young Oceania Area Managing Partner & CEO Australia, Gerard Dalbosco announced that Annette Kimmitt has been appointed Melbourne Managing Partner.
  
• Are the risks that matter understood? – Ernst & Young study
  15 October 2009
  In summary, Ernst & Young’s Future of Risk survey findings suggest that Australian companies are better positioned from a risk management perspective than many global companies, but there is still a long way to go.
  
• Ernst & Young wins CFO Awards 2009 Accountancy Firm of the Year Award 
  2 October 2009
  Ernst & Young Australia has won the CFO Awards 2009 prestigious Accountancy Firm of the Year Award, announced at a gala function in Sydney today.

September 2009

• Ernst & Young announces proposed settlement of Sons of Gwalia matter 
  4 September 2009
  Ernst & Young Australia today announced that it had settled, subject to creditor approval, the Sons of Gwalia proceedings.
  
• Australia playing 'catch-up' with the market
  2 September 2009 
  The passing of the amendments to the Renewable Energy Target (RET) to deliver 20% renewable energy by 2020 gives investment certainty for many developed and emerging technologies in Australia.

August 2009

• Spotlight shines on NSW entrepreneurs
  14 August 2009 
  The spotlight shone on NSW entrepreneurs last night with five of the state’s best recognised in the 2009 Eastern Region Ernst & Young Entrepreneur Of The Year Awards in Sydney.
  
• SA's best entrepreneurs named
  7 August 2009 
  Entrepreneurs succeeding in health services, internet search optimisation, kangaroo meat exports and solar power were recognised at this year’s Central Region Ernst & Young Entrepreneur Of The Year Awards in Adelaide last night.

July 2009

• Queensland entrepreneurs recognised
  31 July 2009
  Queensland’s top entrepreneurial talent was celebrated and recognised last night in the annual Northern Region Ernst & Young Entrepreneur Of The Year Awards in Brisbane.
• Australian businesses cautiously optimistic
  27 July 2009
  Australia may prove to be the lucky country for businesses emerging from the global financial crisis, results from an Ernst & Young survey show.
• West’s best 2009 entrepreneurs
  24 July 2009
  Six of Western Australia’s best entrepreneurs – in industries spanning shoe retailing, transport, uranium mining, deep-sea diving, waste management and fertilisers – have been recognised in this year’s Western Region Ernst & Young Entrepreneur Of The Year Awards in Perth last night.
• Top entrepreneurs in the south named
  17 July 2009
  Six of Victoria and Tasmania’s best entrepreneurs – in industries spanning carbon offsetting, salmon farming, steel production, hospitality, car sales and electronics – have been recognised in this year’s Southern Region Ernst & Young Entrepreneur Of The Year Awards in Melbourne last night.

May 2009

• Australian education leader vies for world entrepreneur title
  25 May 2009
  Australian Entrepreneur Of The Year and leading education services provider Rod Jones will compete with entrepreneurs from around the globe at the 2009 Ernst & Young World Entrepreneur Of The Year Award in Monte Carlo this weekend.
• Global economic downturn poses new risks for oil and gas sector
  19 May 2009
  The oil and gas sector has been unevenly impacted by the global economic downturn which has created new risks for the industry that threaten the near-term prospects of a number of oil and gas companies, according to The 2009 Ernst & Young business risk report, Oil and gas.

April 2009

• Asset management sector weighs up long-term risks of credit crisis
  20 April 2009
  Global asset management leaders have indicated that even as the immediate financial shocks fade, dealing with the market crisis is likely to remain at the top of their risk agendas for some time, according to the 2009 Ernst & Young Business Risk Report – Asset management.
• M&A opportunities for some
  7 April 2009
  Companies with cash and an appetite to grow market share will be primed to cherry pick the market for strategic acquisitions over the next 12-18 months, according to Ernst & Young M&A leader John Allerton.
• Revitalising internal audit to improve performance
  6 April 2009
  A revitalised Internal Audit function may relieve some of the mounting pressure on executive management and audit committees looking to improve risk management and business value, according to Ernst & Young Australia.
• Ernst & Young calls for better disclosure instead of increased executive remuneration regulation
  2 April 2009
  Ernst & Young has recommended a principles-based approach to the regulation of executive remuneration rather than regulatory reform.

March 2009

• Mining and metals fundamentals remain compelling
  16 March 2009
  Mining and metals sector fundamentals continue to be compelling. A rundown in inventories and infrastructure-intensive stimulus packages around the world are likely to contribute to a new rally in the sector.

February 2009

• Businesses not prepared for new financial arrangements laws
  26 February 2009
  A recent poll conducted by Ernst & Young indicates that only 14% of businesses are prepared for the introduction of the Taxation of Financial Arrangements (TOFA) legislation which is expected to be passed by Parliament shortly.

January 2009

• Consumer products companies urged to manage working capital as insolvencies set to rise
  29 January 2009
  Consumer products companies are being warned to stay vigilant when it comes to working capital as insolvencies are set to rise in the first quarter of 2009, according to Ernst & Young’s report on leading consumer companies, Consumer products industry and working capital management.
• Banks learn hard lessons from financial crisis
  27 January 2009
  The financial credit crisis may ultimately prove beneficial to the global banking industry, forcing banks to regain control of their organisational structures, centralise risk activities and instil an effective risk management culture, according to Ernst & Young report Navigating the Crisis: A survey of the world’s largest banks.
• Credit crunch aftershocks put risk management in the spotlight
  20 January 2009
  Business is increasing its focus on a wide variety of risks as global economic conditions worsen in the aftermath of the credit crunch, according to the 2009 Ernst & Young Business Risk Report.
• Tax risk management more important than ever
  6 January 2009
  Tax executives around the world find effective tax risk management more important than ever, according to Ernst & Young’s third global tax risk survey, Steady course; unchartered waters.
• IPO numbers to stay low, public to private flow set to increase
  6 January 2009
  The number of Initial Public Offerings (IPOs) in Australia sank to 69 in 2008 – less than a third of the record 234 listings in 2007 – with no sign of a significant improvement this year.

• Read our 2008 news releases.