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Ernst & Young

Ernst & Young

Industry: 
Professional Services
Value of USG Contracts: 
273
States: 
NY
Country: 
UK
Sources: 

 

“The world’s ‘Big Four’ accountancy and professional services firms are taking steps to establish operations in Iran following the lifting of international sanctions in January. KPMG, Deloitte, PWC and EY are understood to have held discussions over either setting up offices in Tehran or otherwise commencing operations in the country. It is not yet known when such movements would take place, but the auditing firms told Arabian Business they had had sufficient demand from clients looking to enter the market to justify an expansion of their services into Iran… And EY said in a statement: ‘EY is working closely with clients to support their commercial interests in Iran, consistently with applicable laws and regulations.’ The Big Four are among the first international companies to have publicly stated they are actively looking to work in Tehran following the lifting of sanctions this year.” (Arabian Business, “‘Big Four’ plan to set up in Iran,” 3/3/2016)

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On its website, Ernst & Young lists that it has an affiliate office, Tadvin Co./Tadvin Management Consultants, in Iran (Company Website, "Members of EYG and Its Affiliates," 7/31/09).

Response: 

April 2010: EY has ended its business relationships in Iran. (The New York Times. "Companies Feeling More Pressure to Cut Iran Ties," 4/24/10)