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EY scraps break-up plan after months of internal dissent

Split of audit and consulting businesses had faced resistance from some partners
The plan, code named ‘Project Everest’ was agreed by EY’s global leadership in September

EY has called off the plan to break up its audit and consulting businesses after months of internal disagreement and opposition from executives in the US.

The Big Four firm communicated the decision on Tuesday in a note to partners, which was seen by the Financial Times.

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