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EY plan to split audit and consulting arms slowed down by leadership shifts, debt
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Ernst & Young’s effort to split its audit and consulting businesses has been slowed by a change in its US leadership, as well as complications over its multibillion-dollar debts, according to people familiar with the matter.
A “go or no-go” decision by the Big Four accounting firm’s senior executives, originally scheduled for June, is now expected mid-August at the earliest, according to internal EY documents and the people familiar with the matter.
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