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EY partners set for windfall amid breakup plans

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fnlondon.com

EY’s plan to split its audit and consulting businesses would give thousands of its partners multi-million-dollar payouts and relies on optimistic assumptions for growth to justify the deal, according to internal company documents and people familiar with the matter.The plan would split up the firm’s accountants who audit companies like Amazon from its faster-growing consulting business, which advises businesses on tax issues, deals and technology, among other things.The...

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