Acceptance of digital transformation requires extensive modernization of outdated infrastructure. However, major investments in key technologies such as artificial intelligence (AI), cybersecurity,  blockchain, and customer experience management drive the IT, consulting, and solutions providers.

CLPS Incorporation is a global IT, consulting, and solution provider focused on providing services to global banking, insurance, and financial institutions. The company serves in the U.S, Europe, Australia, and Hong Kong. In May 2017, CLPS Incorporation was incorporated under the Cayman Islands law and has its headquarters in China. The providers’ services and solutions are designed to meet the growing needs of the banking and financial services industry, to provide cutting edge insights, superior customer experience, and commitment, and to ensure delivery to customers anytime.

Raymond Lin, Co-Founder and Chief Executive Officer of CLPS, said, “As we execute on the next steps of our international expansion strategy, EY's accounting expertise and global network is best suited to meet our evolving and expanding requirements.”

CLPS recently announced that Friedman LLP has resigned at the company’s request. Friedman LLP is an accounting and consulting company that offered CLPS Incorporation tax, accounting, auditing, forensic and management consulting services. Now, Ernst & Young Hua Ming LLP (EY) is named the company's successor auditor. The nomination of EY as the successor auditor was approved by the chairman of the Audit Committee of the board of directors of the company.

Friedman’s reports for all financial years in which it served as an auditor for CLPS did not contain an adverse opinion or disclaimer of opinion. Also, there were no reportable events caused by disagreement over any accounting principles or practices, the disclosure of financial statements or the scope or procedures of the audit during the period.

Being a global leader in insurance, tax, transaction and consulting services, EY's insights and quality services will help build confidence and trust in capital markets and economies around the world. By combining on-site and onshore support and consulting with scalable and efficient offsite and offshore services and processing, CLPS is able to meet customer requirements in a cost-effective manner while maintaining considerable operational flexibility.