Ernst & Young assign new head of global assurance

News Article - 11 December 2007
Category: Business

Big Four firm Ernst & Young has appointed a new global assurance leader.

Isabelle Santenac, former banking and capital markets leader for the firm and joint leader of the Financial Services Office in Paris, will begin her new role immediately.

Ms Santenac has been an employee of the firm since 2002 and said she is "very honoured and proud" to have been appointed to the new position.

John Murphy, global vice chair for the firm's advisory business services, said that he was "delighted" with Ms Santenac's appointment as her experience would benefit the company's assurance global projects.

"In particular her focus on International Financial Reporting Standards (IFRS) is important as, with moves towards adoption in the US, IFRS looks like becoming the first truly global accounting framework," he added.

In related news, Ernst & Young's head of renewable energy Jonathon Johns welcomed the government's proposals to create an extra 25 gigawatts of offshore wind capacity in the UK by 2020.

He explained that the contribution would not only help the country reduce its carbon footprint but also bring billions of pounds of investment and thousands of jobs to the UK economy.

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