iscoverBig four firm EY has confirmed it has opened investigations into payroll issues after the firm ran into problems during its transition to a new outsourced payroll provider.
EY acknowledges payroll headache
16 August 2019
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3 minute read
Accountants Daily understands that EY began transitioning to outsource its payroll function to Automatic Data Processing (ADP) in March this year, a move it notes as “common practice for large organisations”.
“While there have been some issues in the transition process — not unexpected for a payroll transition of this size and complexity — they have largely being addressed. Any outlying issues are being addressed as a priority,” an EY spokesperson said.
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“The ATO is aware we are doing a full review of all our obligations, and we will be fully disclosing all matters to them once they are resolved.
“We are working to ensure all staff are kept up to date throughout this transition process. No staff members will be financially disadvantaged as a result of the transition.”
The statement by EY follows a report in the Australian Financial Review which details the payroll issues that the big four firm is currently facing.
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