EY Overhauls Top U.K. Management to Split Audit from Assurance

Ernst and Young LLP said Monday that it has rejiggered its senior management team in the U.K. and Ireland, appointing a dedicated head of audit in response to expected government reforms.

EY said in a statement Monday that it has appointed new heads for its audit, assurance, tax, and consulting practices, effective July 1. “The roles of UK&I managing partner of assurance and U.K. head of audit have been split in recognition of the societal importance of these functions and to ensure that audit quality continues to receive dedicated focus,” the statement said, referring to the U.K. and Ireland. ...