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10.06 - 02:07
EY audit spin-off could force Big Four to follow
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fnlondon.comEY’s proposed split of its audit and consulting divisions could put pressure on its Big Four rivals to follow suit, in what could be the accountancy sector's biggest shake-up since the collapse of Arthur Andersen in 2002.
EY — which posted more than $40bn in revenue last year — confirmed on 26 May that it was examining plans to separate its audit and consulting businesses, but said “no decisions have been made”.
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