Word: ernst
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...Enron case, reduced the Big Five accounting firms to the Final Four. That in part is why audit fees for FORTUNE 500 companies are expected to climb 38% this year, according to a survey by the Public Accounting Report. Top lines for accounting firms already look healthier. Ernst & Young booked a 17.4% revenue increase in its 2003 fiscal year, to $5.3 billion. Grant Thornton booked a 21% increase, to $485 million. The other winners? Smaller shops, which are absorbing business that the big audit firms are barred from providing, such as running tests of internal controls for clients. "The environment...
...This is a war for talent," says Carolyn Buck Luce, a partner at the accounting firm Ernst & Young, who co-chairs the task force. Over the past 20 years, half of new hires at Ernst & Young have been women, she notes, and the firm is eager not only to keep them but to draw back those who have left to tend their children. This spring Deloitte Touche Tohmatsu will launch a Personal Pursuits program, allowing above-average performers to take up to five years of unpaid leave for personal reasons. Though most benefits will be suspended, the firm will continue...
Although their program serves as a mini-freshman year, it does not include a sojourn in the Yard. Instead, the students are randomly scattered into blocking groups throughout the Houses. Phil A. Ernst, a spring ’04 transfer from Caltech, lucked out—he was placed in the Adams Senior House as a sophomore. Ernst says he is happy with his living arrangements, but points out that some transfers end up in less than desirable housing because that’s all there is. Jukay Hsu, a spring ’04 transfer from Columbia, said that...
Despite these kinds of challenges, the program works. Even after only two weeks at Harvard, spring transfers like Ernst already have an extensive list of extracurriculars—his includes membership in Alpha Epsilon Pi and Harvard Students for Israel. Transfers gush about how friendly, down-to-earth and welcoming Harvard students are and insist that Harvard...
...Ernst and Saha, who have only been at Harvard for two weeks, the novelty has, understandably, not worn off yet—but Enoch (a fall ’03 transer) and Crachilov (fall ’02) are every bit as cheery, optimistic and positive as the newest transfers...