Ernst & YoungTake a look inside….
17 March 2011
Our organization
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Ernst & Young: 5 global areas
► 144 000 people► 700 offices► 140 countries, divided in 5 operational areas► The leading share in our priority market
segments
EMEIA- Europe Middle East India & Africa► 60 000 people► 87 countries
Bulgaria► 190 people► 5 nationalities
AMERICAS
FAR EAST
EMEIA
JAPAN
OCEANIA
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CSE sub-area: united in diversity
CSE sub-area: united in diversity
Diverse on Diversity
• More than 20 languages
• Over 20 nationalities
• 2 time zones
• Independent from 90 to 15 years
4 diverse predominant religions
• Catholic Christianity
• Lutheran Christianity
• Orthodox Christianity
• Sunni Islam
EU Membership
• EU member states (13)Text
• EU candidates (3)
• Non-EU states (3)
NATO membership
• NATO member states (12)
• Non-NATO member states (7)
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CSE Highlights
► Turnover of over USD 600 million► More than 5,650 people► 218 Partners► Encompass the following 19 countries
GDP (PPP) 3.161 USD bln
Population 214,5 mln
Area 2.301.609 km²
Albania / 11 people Macedonia / 25 people
Bosnia & Herzegovina / n.a. Malta / 82 people
Bulgaria / 190 people Moldova / 35 people
Croatia / 95 people Montenegro / n.a.
Cyprus / 141 people Poland / 1207 people
Czech Republic / 554 people Romania / 416 people
Estonia / 115 people Serbia / 107 people
Greece / 549 people Slovakia / 179 people
Hungary / 497 people Slovenia / 82 people
Latvia / 171 people Turkey / 620 people
Lithuania / 240 peopleSource: People & Places database
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Ernst & Young in Bulgaria
► Ernst & Young operates in Bulgaria since 1992► Combination with Andersen in 2002 resulted in a new
Ernst & Young firm ► Today: a leading professional services firm
• 190 professionals • Continuous high growth• Significant market share• Part of Ernst & Young Global
Our services
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Service lines
► Assurance Services
► Advisory Business Services
► Tax Advisory and Compliance Services
► Transaction Advisory Services
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Assurance: The audit and more
Our largest professional services line► International clients
► Diverse industries
► Leader in the profession
Quality assurance . . . ► Financial statement attestation
► Internal control reporting
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Audit objective
To express an opinion on the financial statements:
« True and fair view »
► Audit of Financial Statements► Audit Related Services► Due diligences► Special reports
When performing an audit, we also provide valuable recommendation
our Clients or express an opinion on the financial statements.
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Tax Services
► Provide integrated Tax services to clients
► Optimization of client’s tax situation
► Advise on the international tax implication of acquisitions, including private equity and real estate
► Ensure administrative follow-up of companies with regard to their tax obligations
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Tax Services
International / Transaction Tax (ITS/TT)
► International tax planning
► Tax efficient financing
► Transaction Tax
► Corporate Advisory Services
Business Tax Services (BTS)► Local tax planning
► Local tax risk advisory
► Local Tax Accounting
► Local tax compliance
► Human Capital
► Expatriates tax planning
► Individual tax and SS advice
► Individual tax compliance
► Indirect Tax► VAT/Customs/Excise advice
► Indirect tax planning
► Indirect tax compliance
► Law and financial accounting
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Transaction Advisory Services:Professional services at a different level
Transaction Support: Buy and sell-side due diligence (financial, tax, IT, legal) and post-close assistance
Transaction Tax: Buy and Sell-side structuring & due diligence and post-deal integrationValuations & Business Modeling: Business, shares and intangible assets valuation,
Financial Reporting valuations, Strategic Finance advisory (business planning, forecasting, investment appraisals and feasibility studies). Business Modeling.
Mergers & Acquisitions: Identification and assessment of merger, acquisition and joint venture opportunities. Structuring and negotiating transactions, bids, evaluating alternatives.
Restructuring: Working capital management, advising on short-term requirements and methods of crisis stabilization. Providing independent review (strategic and financial), designing the restructuring/turnaround plan
Project Finance: Sourcing of finance, financial modeling and model audit, Bid co-ordination, preparation and documentation. Support in negotiations towards financial close
Transaction Integration: Integration Accelerator®, Carve-Out Accelerator®, Readiness and Effectiveness Assessment Dealworks®
Your career with us
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EYU makes sure our people develop the right competencies
The components of EYU - experiences, learning, coaching – help develop the proficiency of your competencies
The mix of Experiences, Learning and Coaching will change as you progress► Experiences
► Business and community activities as well as on the job training
► Learning► Training, WBL and class-room sessions
► Coaching► Processes, tools and techniques to support and stimulate
career development
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Ernst & Young’s commitment to learning and career development
Formal and Informal Learning opportunities
Knowledge Sharing Infrastructure
Professional Qualifications (ACCA, CIA, CISA, CFA, etc.)
EY Methodology Training
Soft Skills Training
Performance Management Process
Formal Career Counseling Program
Multi Source Feedback / 360o Program
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EYU helps you build your competencies throughout your career
100%
Mix ofEYU
StaffSenior
Manager
Senior Manager
Director
Partner
5
Level of competencies
4
3
2
1
Competencies
0%
Competencies
Learning
Experiences
Coaching
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Expected Competencies
Manage verbal and written communication in Bulgarian and English
Manager Risk and Quality
Maintain Professional Expertise
Strive for Excellence
Leverage Technology Resources Effectively
Build Rapport
Collect and Interpret Information
Understand internal controls, related concepts and principles
Demonstrate knowledge in primary accounting framework (e.g. US GAAP,Other Domestic or IFRS) and in related financial reporting matters
Demonstrate knowledge in data analysis tools
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Counseling process
Aimed to optimize our employees’ development and growth
An experienced person facilitates the development of a junior colleague
Benefit to:► The individual► The counselor► The firm
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Career development - mobility
Diverse opportunities► Across industries and service lines► New experience across variety of clients assignments
International programmes► Short term within EMEIA-New Horizons► Long term within the international EY network-Global Exchange program
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Career opportunities
Assistant
► Project work on location
► Responsibility at an early stage
Senior
► Project management on location
► Assistant coordination► Preparation of reports
and appraisals
Manager
► Client support► Coordination of several
projects at the same time► Project responsibility► Business development
Senior Manager
►Management of major clients and complex projects
►Coordination of several projects at the same time
►Product responsibility►Business development
Partner
► Client support► Strategy development► Corporate governance► Business development
Intensive training on and off the job
Targeted further education by international training
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What we are looking for
Requirements► Undergraduate degree in relevant field► Communication skills ► English and local language► IT proficiency
Key Characteristics► Team-player► Leadership skills► High sense of motivation► Desire never to stop learning► Flexibility► Integrity
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What we stand for
Achieving Potential – Making a difference
At Ernst & Young we’re committed to helping our people, our clients and our wider communities achieve their potential. It’s how we make a difference.
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Achieving potential – a virtuous circle
Profitable growth
Client satisfaction
High quality
Outstanding and happy people
Market leader
makes ustriggers
drives
produce
attracts
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Our values
Our values statement – who we are
► People who demonstrate integrity, respect, and teaming
► People with energy, enthusiasm, and the courage to lead
► People who build relationships based on doing the right thing
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Questions
Mission?
Responsibilities?
Skills?
Trainings?
Life at work?
Our clients?