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Four partners leave EY after independence rule breach on Shell audit

Big Four firm set to be replaced by PwC on lucrative contract after compliance error

Four EY partners have left the firm after breaches of independence rules in its audit of Shell that resulted in the oil major stripping the accounting firm of a $66mn-a-year contract.

The partners left the Big Four firm in December as it rushed to contain the fallout from the compliance failure, according to public records and people familiar with the matter, one of whom added the exits followed an internal review.

The four who left included one partner who had been elevated to EY’s top ranks just months earlier and Gary Donald, who led the Shell audit and whose departure was previously reported by the FT.

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