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Globalization and the accounting profession Peter Doubleday Ernst & Young Agenda ► Why is globalization important to the profession ► How does it impact us? ► ► People ► Quality ► Growth My own experience Why is globalization important to the profession? ► ► Understanding the business challenge ► Rapid growth markets ► One size does not fit all markets ► Policy is more important and less predictable ► Good people are hard to find Understanding the profession’s challenge ► It’s the same thing!!!!! ► 152,000 people, 695 offices, 140 countries ► Combine deep local knowledge with global experience of serving multi-nationals ► World is fast paced and connected by people, commerce, and innovation moving across borders at increased pace and changing patterns People ► Inclusiveness ► Mobility ► Generations ► People culture and high performing environment ► We have never been more relevant ► Career development ► Developing a resume Quality ► Quality in everything we do ► Accounting rules and disclosures ► Regulation ► US and overseas ► Rotation and independence Growth ► Understand the agenda and bring insights in a changing world ► Investing in the developing world ► Entrepreneurs and companies from fast-growth companies are now competing globally ► Long term relationships and exceptional service are critical Ernst & Young Assurance | Tax | Transactions | Advisory About Ernst & Young Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited operating in the US. © 2012 Ernst & Young LLP. All Rights Reserved. 1204-1351959_SEA www.ey.com ED MMYY