Ernst & Young Monthly News July 2007
Media
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London/Zurich, June 1, 2007 – As a poll conducted by Ernst & Young among 1,300 employees of international companies
in 13 European countries shows, the respondents expect their employers to provide much more effective safeguards
for combating fraud and better immunity for whistleblowers.
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Zurich, June 21, 2007 – Last year, 1,729 initial public offerings worldwide generated a record USD 246bn,
thanks especially to megadeals in emerging markets. The total volume of issues from IPOs in the BRIC countries Brazil,
Russia, India and China alone came to USD 86bn in 2006. In 2005 the figure had been USD 29bn. Global IPO activities
continued at record level in the first quarter of 2007, too, with 372 IPOs raising USD 36bn.
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Zurich, July 2, 2007 – The auditing and consultancy group Ernst & Young is admitting twelve new partners at its autonomous
Swiss branch. The reinforcements will mainly benefit the Advisory Services division.
(PDF English, 538 kB)
Source: Life Science, Special edition
Author: Jürg Zürcher, Partner Ernst & Young
The global biotech sector reported a record number of products in the pipeline and record inflows of risk capital
in 2006. Switzerland, for its part, is the leading biotech location in the world in terms of size and number
of inhabitants. And the future of the Swiss biotech industry remains rosy.
(PDF German, 230 kB)
Source: Business Intelligence Magazine 2/07, June 2007
Authors: Martin Studer and Markus Oppliger, both Partner Ernst & Young
Business processes and practices purchased in emerging markets often conceal risks that are difficult to calculate.
A comprehensive overview and a corresponding internal control system can help to ensure that growth strategies are
successful.
(PDF German, 544 kB)
Source: Finanz und Wirtschaft, May 30, 2007
Author: Kerstin Heidrich, Head Swiss Desk Beijing, Ernst & Young
Kerstin Heidrich contributed an article to Finanz und Wirtschaft on the consequences of China's Corporate
Tax Reform 2008 for foreign companies doing business in this country.
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Source: NZZ Folio, June 1, 2007
Author: Heinrich Christen, Partner Ernst & Young