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Deloitte Denies Reports It Would Split Audit, Consulting Arms

June 8, 2022, 7:56 PM

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 ...