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The major global consulting firm plans to separate its operations into audit and consulting services.
The sources note that the company's executive committee might adopt the demerger plan as soon as this week. Following that, the approximately 13,000 partners of Ernst & Young will vote on it. According to the newspaper, the actual separation could occur around the end of 2023.
According to EY, management is currently debating the company's future and "at this time, a decision to proceed to the next step has not been made."
source: wsj.com
The sources note that the company's executive committee might adopt the demerger plan as soon as this week. Following that, the approximately 13,000 partners of Ernst & Young will vote on it. According to the newspaper, the actual separation could occur around the end of 2023.
According to EY, management is currently debating the company's future and "at this time, a decision to proceed to the next step has not been made."
source: wsj.com
