Bloomberg Tax
May 26, 2022, 8:05 PMUpdated: May 26, 2022, 10:57 PM

EY Weighs Audit, Advisory Split After Wirecard, NMC Woes (2)

Amanda Iacone
Amanda Iacone

Ernst & Young could separate its audit practice from the rest of its business and is weighing whether to restructure the firm as part of a routine review of its global business, an assessment that comes as European regulators eye tougher oversight after a string of accounting scandals.

“We are in the early stages of this evaluation, and no decisions have been made,” EY’s global arm said Thursday in a statement to Bloomberg Tax. “Any significant change would only happen in consultation with regulators and after votes by EY partners.”

Such a move—which would be the largest shake-up in the ...

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