Ernst & Young as a stand-alone audit firm is set to bolster its market share to become an even bigger member of the Big Four if partners approve a global breakup of the firm.
The accounting firm’s plan to spin off most of its consulting and tax business into a new company would give its remaining $20 billion audit business access to a list of companies it could not sell to before: its soon-to-be former consulting clients.
“They’re still going to be a dominant player,” said Tom Rodenhauser, managing partner with Kennedy ...
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