ernst & young take a look inside…. 17 march 2011

Ernst & YoungTake a look inside….

17 March 2011

Our organization

30 Month 2009 Ernst & Young

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


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)


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


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


Service lines

► Assurance Services

► Advisory Business Services

► Tax Advisory and Compliance Services

► Transaction Advisory Services

30 April 2009 Ernst & Young

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


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.


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


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


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


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


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


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


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


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


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


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


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


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.


Achieving potential – a virtuous circle

Profitable growth

Client satisfaction

High quality

Outstanding and happy people

Market leader

makes ustriggers

drives

produce

attracts


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


Questions

Mission?

Responsibilities?

Skills?

Trainings?

Life at work?

Our clients?

Contacts

Tel: + 359 2 8177100

[email protected]

www. ey.com/careers

ernst & young take a look inside…. 17 march 2011

Documents

ernst youngpage

tax obligations30

integrated tax services

ernst youngtake

new ernst young firm

diligence financial

diversity30 month

people30 month