EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm.
Julie Boland, the head of EY’s US business, who has been picked to run EY after it spins off its consulting arm, told partners on a call on Wednesday that the deal needed to be reworked, according to people familiar with the matter.
The US business accounts for about 40 per cent of EY’s $45bn in annual global revenues, giving it very strong negotiating power in internal talks over the split.
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