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Why EY’s split of audit and consulting arms will be messy
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Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members of the 70,000-strong group don’t know where they will be working next year, or if they will be competing against each other.
The proposed breakup of EY into a steady firm focused on auditing companies and a faster-growing consulting business has reached the nitty-gritty phase after its top executives approved the split.
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