Global accounting and consulting firm Deloitte denied media reports Wednesday that it was considering breaking up the firm, saying they are “categorically untrue.”
Deloitte, which reported $50.2 billion in revenues last year, said in a statement to Bloomberg Tax: “Recent media reports that we are exploring a plan to separate our organization are categorically untrue. As stated previously, we remain committed to our current business model.”
- A Wall Street Journal report earlier Wednesday said that the firm was eyeing a split of its audit and consulting practices, just two weeks after competitor Ernst & Young LLP said that it ...