It also confirmed that more than 700 partners in the Far East had supported a similar integration across 15 countries and territories.

Effective July 1, 2008, the EMEIA Area will operate as a single unit, led by a single executive team and, where allowed by laws and regulations, be underscored by formal combinations of practices. It will be a $11.2 billion organization with more than 60,000 people.

The integration of the Far East Area creates a $1.2 billion organization, with more than 20,000 people. The new structure will also be effective from July 1, 2008.

“These are significant developments that reflect the fact that our world is changing rapidly and increasingly acts without boundaries," said E&Y CEO and Chairman Jim Turley. "I am personally very enthusiastic we are taking these steps, and from my discussions with clients, regulators and our people, I believe they share this enthusiasm."