Ernst & Young LLP

ISU Purchasing Agent: Cindy Braatz*
Product: International Business Consulting & Advisory Services
Vendor Address: 155 N Wacker Dr
Chicago, IL 60606
Type of Contract:
Term of Contract: 08/04/2015 - 08/03/2020

Contract Description:

This contract provides consulting and advisory services to the University regarding international business.

The scope of services available are:

Financial & Tax
  • Financial compliance & legal "health checks"
  • Compliance calendars
  • U.S. compliance reporting (Form 990, FBAR)
  • Budgeting for new projects (operational & legal costs in foreign country)
  • VAT compliance and reclaim

Cash Management

  • Cash transfers
  • Outsourced bank accounts
  • Independent contractor payments
  • Banking solutions
  • Foreign currency risk management

Human Resources

  • Employee vs. contractor classifcation
  • PEO options
  • Obtaining visas and work permits
  • Hiring, comp and  benefits
  • Employee policies & guidelines
  • Support of expats and TCN's

Legal & Risk Management

  • Partnership agreements and MOU's
  • Legal entity determination and set-up
  • Global risk assessment
  • Insurance reviews
  • On-line document repository

Sponsored Research

  • Registration requirement and budgeting
  • Pre-award int'l subrecipient qualification
  • Internal control reviews

How to do Business with Vendor:

The contract is based on a fixed monthly retainer requiring planning, prioritizing and monitoring of monthly consulting activity.

Departments requesting service please complete the International Consulting Service Request Form and submit to University Counsel (fax: 294-1799) or Risk Management (

For questions, please contact the Office of Risk Management at 294-7711.