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EY Scraps Plan to Split Its Consulting and Auditing Businesses

EY Scraps Plan to Split Its Consulting and Auditing Businesses
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United statesFrank mahoneyJohn kingBig fourJulie bolandArthur andersenTribune content agencyQuartz media incFinancial reporting councilFinancial timesProject everestWall streetCarmine di sibio

EY split timeline: The abandoned break-up plan

Just weeks ago, accounting giant EY looked to be on course to proceed with its long-anticipated restructuring of its global operations

Big fourMark weinbergerJulie bolandPunit renjenArthur andersenProject everestCarmine di sibioProject everest

EY Breakup Plan Doomed by Miscalculations, Powerful Opponents

Carmine Di Sibio, EY’s global chairman and chief executive, had launched the breakup plan. For months, Ernst & Young’s top leaders characterized their planned…

Ernst youngCarmine di sibioReaking news

Big Four accounting giant EY calls off plan to split its audit and consulting units after partners fail to reach consensus

The plan, codenamed Project Everest, faced resistance from the US affiliate, but the firm’s top leaders said they are still committed to creating two world-class organisations.

Project everestBig fourJulie bolandCarmine di sibio

EY split: Firm abandons Project Everest plan to separate

The abrupt decision to halt the split of its consulting and auditing arms leaves the big four firm in strategic disarray, and is likely to lead to a global leadership shake-up and the defection of partners and staff to rivals.

David laroccaJoe ucuzogluCarmine di sibioPatrick winterProject everest

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