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EY eyes splitting global audit and consulting businesses amid regulatory pressure

The Big Four firms in the UK have until 2024 to separate operationally the audit arms from the rest of their advisory businesses

By James Booth

Thursday, 26 May 2022 at 16:40

Regulatory pressure is ‘one of the factors’ driving the potential split of the business
Regulatory pressure is ‘one of the factors’ driving the potential split of the business Photo: AFP/Getty Images

EY is considering splitting its audit arm from its consulting business amid regulatory pressure around the world over conflicts of interest.

The global firm is reviewing a potential split between its audit and non-audit divisions with a decision on its future as close as a month away, a person familiar with the matter told Financial News.