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You would need to get the job approved
Applies at all firms. Independence is not unique to EY.
This also affects KPMG where you’re supposed to get “side hustles” approved by partner (which I think goes through independence or ethics or somebody) to check if any concerns. Even if OK from a firm perspective, your partner could still shoot it down. Lots of people don’t report their side hustles, but I know many will do like tax returns and stuff on the side even though a violation against firm policy.
Side jobs aren’t usually an independence concern but you do need permission. They are more concerned about it being perceived as competitive (could you be perceived as giving advice on behalf of your company) and the impact on your current job. I’ve worked as a tennis coach, personal trainer and on a small start up with no issues getting permission.