- About EY
- The “ey.com” website
- Legal Disclaimer
- Provision of Services Regulations 2009
- Audit Firm Governance Code
- Regulatory statements
1. About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
“EY” in this legal statement refers to the global organisation of member firms of Ernst & Young Global Limited (“EYG”), each of which is a separate legal entity. EYG, a UK company limited by guarantee, does not provide services to clients.
View a list of EY member firms and affiliates (73K, January 2018) under Audit Regulation 2.12 of the Institute of Chartered Accountants in England and Wales (ICAEW).
The EY network is divided into four areas: Americas, EMEIA, Asia Pacific and Japan.
The member firms of EYG operating in North, Central and South America, as well as Ernst & Young (Israel) Ltd. (the “Americas Area Firms”), are separate and independent legal entities that are, directly or indirectly, members of Ernst & Young Americas LLC.
Ernst & Young Americas LLC is a Delaware limited liability company that coordinates the activities of the Americas Area Firms. It does not provide professional services to clients and does not participate in client engagements. Although Ernst & Young LLC oversees implementation of EYG policies at Americas Area Firms and facilitates their cooperation, it does not control or manage, or have any ownership interest in, any Americas Area Firm. Ernst & Young Americas LLC is not the agent of any Americas Area Firm, nor does it have any authority to represent or bind any thereof. No Americas Area Firm is the agent of Ernst & Young Americas LLC, nor may any of them represent or bind Ernst & Young Americas LLC in any way.
The member firms of EYG that operate in Europe, the Middle East, India and Africa (the “EMEIA Firms”) are separate and independent legal entities and are, directly or indirectly, members of Ernst & Young EMEIA Limited.
Ernst & Young EMEIA Limited is an English company limited by guarantee and is the principal governance entity in EMEIA for the EMEIA Firms. Ernst & Young EMEIA Limited does not carry on any trade or other activities with a view to profit and it is prohibited by its constitution from providing professional services. Accordingly, it does not participate in client engagements. Furthermore, although it facilitates the coordination of these firms and cooperation between them, Ernst & Young EMEIA Limited does not control or manage or have any ownership interest in any EMEIA Firm. Ernst & Young EMEIA Limited does not act as agent for or have any authority to represent or bind any EMEIA Firm and no EMEIA Firm acts as agent for or has any authority to represent or bind Ernst & Young EMEIA Limited.
Ernst & Young Europe LLP is an English limited liability partnership, a member of EYG and Ernst & Young EMEIA Limited and the parent entity of certain EMEIA Firms in Europe. Ernst & Young Europe LLP does not provide professional services or participate in client engagements. Although it is the parent entity of certain EMEIA Firms, Ernst & Young Europe LLP does not act as agent for or have any authority to represent or bind any EMEIA Firm or Ernst & Young EMEIA Limited, and neither Ernst & Young EMEIA Limited nor any EMEIA Firm acts as agent for or has any authority to represent or bind Ernst & Young Europe LLP.
The member firms of EYG that operate in Asia-Pacific (the “Asia-Pacific Firms”) are separate and independent legal entities and are, or will be, directly or indirectly, members of Ernst & Young Asia-Pacific Limited.
Ernst & Young Asia-Pacific Limited is a Hong Kong company limited by guarantee and is the principal governance entity in Asia-Pacific for the Asia-Pacific Firms. Ernst & Young Asia-Pacific Limited does not carry on any trade or other activities with a view to profit and it is prohibited by its constitution from providing professional services. Accordingly, it does not participate in client engagements. Furthermore, although it facilitates the coordination of these firms and cooperation between them, Ernst & Young Asia-Pacific Limited does not control or manage or have any ownership interest in any Asia-Pacific Firm. Ernst & Young Asia-Pacific Limited does not act as agent for or have any authority to represent or bind any Asia-Pacific Firm, and no Asia-Pacific Firm acts as agent for or has any authority to represent or bind Ernst & Young Asia-Pacific Limited.
The member firms of EYG that operate in Japan are separate and independent legal entities. There is no Area governance entity in Japan.
2. The “ey.com” Web site
The “ey.com” Web site (this “Site”) is comprised of global content, which relates to the international business and operations of EY, and individual country content, which relates to the local business and operations of a member firm.
The global content on the Site is owned and operated by EYGM Limited ("EYGM"). EYGM Limited is a limited liability company registered in the Bahamas and is a member firm of EYG. EYGM is a central coordinating entity and does not provide services to clients.
The relevant local member firm(s) owns and operates the local content on the individual country pages.
The information on this Site is intended to furnish users with general information on matters that they may find to be of interest. While every effort has been made to offer current and accurate information, errors can occur. Furthermore, this Site may contain references to certain laws and regulations. Laws and regulations will change over time and should be interpreted only in light of particular circumstances.
EY DISCLAIMS ALL LIABILITY AND RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT CONTAINED ON THIS SITE.
All content on the Site and all services provided through it are provided "as is", with no guarantees of completeness, accuracy or timeliness, and without representations, warranties or other contractual terms of any kind, express or implied. EY does not represent or warrant that this Site, the various services provided through this Site, and / or any information, software or other material downloaded from this Site, will be accurate, current, uninterrupted, error-free, omission-free or free of viruses or other harmful components.
TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, EY DISCLAIMS ALL LIABILITY TO YOU AND EVERYONE ELSE IN RESPECT OF THE CONTENT ON THIS SITE AND ALL SERVICES PROVIDED THROUGH IT, WHETHER UNDER ANY THEORY OF TORT, CONTRACT, WARRANTY, STRICT LIABILITY OR NEGLIGENCE OR OTHERWISE, AND WHETHER IN RESPECT OF DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, PUNITIVE OR SIMILAR DAMAGES, EVEN IF EY WAS ADVISED, KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES.
The information presented on this Site should not be construed as legal, tax, accounting or any other professional advice or service. You should consult with an EY or other professional advisor familiar with your particular factual situation for advice concerning specific tax or other matters before making any decision. You should not send any confidential information to any member firm of EYG until you have received agreement from the firm to perform the services you request.
RSS feeds, podcasting and email updates are free services offered by certain EY member firms to individuals for private, non-commercial use. The EY RSS feed is a means by which EY offers article headlines, descriptions and links in XML to individuals who use RSS readers or aggregators. A podcast is an audio program for which individuals can subscribe. EY makes podcasts available to individuals for their own personal use. RSS, podcasting and email update aggregators may incorporate the EY feeds into their directories for the benefit of individuals using the aggregator. Any other use is prohibited, including copying, reproducing, republishing, uploading, posting, transmitting, or distributing our feeds or podcasts in any way by any means.
EY reserves the right to discontinue our feeds, podcasts and email updates at any time. All content, imagery, and logos that appear within the EY RSS feed, podcasts and email updates are owned by EYGN Limited (“EYGN”) and all rights are reserved. EYGN is a member firm of EYG. EYGN is a central coordinating entity and does not provide services to clients.
You may link to this Site provided that such link does not involve:
- unauthorised use of our logo;
- any false claim (actual or implied) of endorsement by, or other relationship with, EY or local member firm(s);
- framing or embedding of any pages of our Site; or
- other infringement of our trademarks, copyright and/or other intellectual property rights.
EY does not bear any responsibility whatsoever for the content, accuracy or security of any websites that are linked (by way of hyperlink or otherwise) to this website.
Certain links on this Site lead to servers maintained by individuals or organisations over which EY has no control. EY makes no representations or warranties regarding the accuracy or any other aspect of the information located on such servers. A link to a third party’s website should not be construed as an endorsement by either EY or that third party of the other or its products and services.
Except where noted otherwise, all material on the global portion of the Site is Copyright © 2014 EYGM Limited, and on the individual country sites, local material is Copyright © 2014 to the relevant member firm(s). All rights reserved. No part of the materials on this Site, including but not limited to the text, graphics and html code, may be reproduced or transmitted in any form, or by any means without EYGM's written permission or, in respect of local content on an individual country site, the written permission of the relevant member firm(s).
“EY” and the stylised EY symbol are registered or pending registration with the United States Patent and Trademark Office and with other trademark offices around the world.
4. Provision of Services Regulations 2009
The UK firm Ernst & Young LLP is a Limited Liability Partnership, incorporated in England with the registration number OC300001. Its principal place of business and registered office is 1 More London Place, London SE1 2AF. Ernst & Young LLP is a body corporate and a list of its members is available for inspection at its registered office. The professional indemnity insurers of Ernst & Young LLP are Gloucester Insurance Limited and others c/o Aon Professional Services, 8 Devonshire Square, London EC2M 4PL. The territorial coverage is worldwide.
The Financial Reporting Council’s (FRC’s) Audit Firm Governance Code (AFGC) provides a benchmark of good governance practice against which firms that audit listed companies, such as EY, can report. The 2016 revised AFGC, which was published in July 2016 and is applicable to EY from financial period 2018, focusses on the promotion of good governance of audit and better alignment with the UK Corporate Governance Code, enhancement of transparency over and above the requirements in the EU Audit Regulation, and improvement of engagement between firms, investors and Independent Non-Executives.
The EY UK 2017 Transparency Report (available here) is present in two volumes: Volume 1 focuses on EY UK, whereas Volume 2, as well as providing additional information on EY UK, explains in further detail the Global EY network and global policies and procedures. Appendix III of Volume 1 of the Transparency Report confirms how EY has applied the principles and provisions of the 2010 AFGC and Appendix IV of Volume 1 of the Transparency Report explains where to find further information on our work to implement the 2016 AFGC this year.
In addition to an annual Transparency Report, the AFGC requires certain information to be available on a firm’s website. For EY this additional information includes:
Details concerning how EY supports its commitment to the professionalism, openness and risk management principles of the AFGC through recruitment, development activities, objective setting, performance evaluation, remuneration, progression, other forms of recognition, representation and involvement can be found in the EY UK Additional information document (also available here), the EY UK 2017 Transparency Report and the EY website.
Details concerning the EY UK governance and management bodies, including a description of the work of the UK Audit Committee, can be found in Volume 1, section 4, of the EY UK 2017 Transparency Report; meeting attendance and the biographies of members of the governance and management bodies are included in Appendices I and II of Volume 1 of the Transparency Report and the Terms of Reference are set out in the EY UK Additional information document.
Details of EY’s Independent Non-Executives (INEs) can be found here. Information about the appointment, retirement and resignation of EY’s INEs and their remuneration, duties, arrangements by which they discharge these duties and the support provided by EY is set out in Volume 1, section 4, of EY UK 2017 Transparency Report. The Terms of Reference for the Independent Non-Executive (INE) Oversight Committee are available from the EY UK Additional information document.
In the event that there is a fundamental disagreement between an INE and members of the Board of EY UK and/or governance structures, the INE shall set out the nature and status of the disagreement, in writing, to the Chair of the EY UK LLP Board (copied to the members, including the other party in disagreement), together with any other details such as a need for further information, the respective positions of the parties and any preferred criteria for resolving the disagreement. The Chair shall respond to the INE in writing by setting out any proposed timescale and method for resolving the disagreement. At the conclusion of the proposed time, the INE and the other party in disagreement shall indicate to the Chair whether or not the disagreement has been resolved. In the event that the disagreement has not been resolved, both the INE and the other party in disagreement must indicate whether a further intercession by the Chair is desired. In the event that no such indication is made and the disagreement persists or, if the nature of the disagreement relates directly to the Chair, the INE or the firm may terminate the INE appointment.
Details concerning the firm’s engagement with shareholders of listed companies and listed companies are available from our website and Volume 1 of the EY UK 2017 UK Transparency Report. The contact details for dialogue with listed company shareholders and listed companies about matters covered by the AFGC are:
- Eamonn McGrath, Partner, Audit & UK Head of Regulatory & Public Policy: firstname.lastname@example.org
- David Thorburn, Independent Non-Executive and Chair of the INE Oversight Committee: email@example.com
- Loree M Gourley, Director, Regulatory & Public Policy: firstname.lastname@example.org
The firm is a member of the Institute of Chartered Accountants in England and Wales (ICAEW). The ICAEW Code of Ethics can be found at www.icaew.com/en/technical/ethics/icaew-code-of-ethics/icaew-code-of-ethics. The firm is registered to carry on audit work in the UK and Ireland by the ICAEW. Details of our audit registration can be viewed at www.auditregister.org.uk for the UK, and www.cro.ie/auditors for Ireland, under reference number C009126168 and AI222237 respectively.
The firm is authorised and regulated by the Solicitors Regulation Authority (SRA). Details of our licence can be found at www.sra.org.uk/solicitors/firm-based-authorisation/abs-register/614947.page; further details concerning the SRA and the SRA Code of Conduct can be found at www.sra.org.uk. The SRA policy concerning the regulation of multi-disciplinary practices can be found at www.sra.org.uk/sra/policy/policies/multi-disciplinary-practices-sept-2014.page. The SRA only regulate certain services provided by the firm. Where we provide services which are regulated by the SRA, we will inform clients in writing, identifying the specific services which are subject to SRA regulation.
The firm is authorised to perform certain regulated activities in the UK which are subject to regulation by the Financial Conduct Authority (FCA). Further details can be found on the Financial Services Register at www.fsa.gov.uk/register/home.do under registration number 196203.