TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

EY considers breaking off the audit and advisory businesses, how will it affect the Big 4?

As per the reports, EY is considering separating its audit division from its advising business in order to improve long-term operations.

The Finance Story by The Finance Story
Published date: 7th June, 2022
Last edited date: 11th July, 2023
SHARE (0)
EY considers breaking off the audit and advisory businesses
Share on FacebookShare on Twitter

As per the reports, Ernst & Young (EY) is considering separating its audit division from its advising business in order to improve long-term operations.

EY, one of the Big 4 accounting firms alongside PwC, Deloitte, and KPMG, constantly reviews strategic choices to further improve its businesses. However they are yet to reach a decision, and are still evaluating the options, reports say.

EY is a global network of member firms that are constituted as independent legal entities. It has over 300,000 people in over 150 countries.

According to the Wall Street Journal, the US Securities and Exchange Commission is investigating conflicts of interest at the country’s major accounting firms. Any restructuring of the firm would call for the votes of partners as well as the complete consent of different national member firms.

Accounting industry insiders believe that if the dissolution of EY’s businesses takes place, the other Big Four firms might feel pressurised to follow in EY’s footsteps.

Consequently.

If EY goes ahead with its decision to break off two of the businesses, it would result in the formation of two massive professional services firms. 

The newly emerged firm might then provide consultancy and other advisory services. Regulators throughout the world have expressed worry about the impact of accounting firms’ increased dependence on audit quality sales of consultancy and tax services.

Apparently, Michael West Media – a news website specializing in investigative journalism in the areas of business, finance, tax, and energy.was the first to report on the possible breakup of the firm.

The Finance Story

The Finance Story

Recommended for you

India’s IT layoffs driven by Global Capability Centres, not just AI?
GCC

India’s IT layoffs driven by Global Capability Centres, not just AI?

18th August, 2025 | 3 mins read
BCG surpassed McKinsey by headcount...Thanks to talent from India!
Management Consulting

BCG overtakes McKinsey in Headcount…Thanks to talent from India!

18th August, 2025 | 3 mins read
KPMG Australia’s layoffs highlight the mounting challenges facing consulting firms worldwide—where a cooling market, rising cost pressures, and the urgent push toward AI and offshoring are forcing a complete rethink of the playbook.
Big 4

KPMG Australia cuts 635 jobs, while Partners pocket 10.3% pay rise

14th August, 2025 | 3 mins read
PwC triple revenues in India by 2030. Create 20,000 new jobs
Big 4

PwC triple revenues in India by 2030. Create 20,000 new jobs

14th August, 2025 | 3 mins read
Big 4 losing AI race while midzed, small & boutique firms winning
AI

Big 4 struggle with AI adoption, while midsized & boutique firms win

12th August, 2025 | 3 mins read
KPMG India Reappoints Yezdi Nagporewalla as CEO for Second Term
Big 4

KPMG India Reappoints Yezdi Nagporewalla as CEO for Second Term

7th August, 2025 | 3 mins read
Next Post
From no money to buy books to becoming the President of ICAI

From no money to buy books to becoming the President of ICAI, Atul Gupta shows us the power of education and dedication

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

Popular posts

  • Big 4 firms in India: Inside Deloitte, PwC, EY, & KPMG growth, careers and salaries

    Big 4 firms in India: Inside Deloitte, PwC, EY & KPMG career prospects, growth and salaries

    0 shares
    Share 0 Tweet 0
  • KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    0 shares
    Share 0 Tweet 0
  • Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.

    80 shares
    Share 0 Tweet 0
  • Big 4 India Partners jumping from one firm to another: High alert as Partner poaching surges

    0 shares
    Share 0 Tweet 0
  • CA Firms Kirtane & Pandit, Guru & Jana, SSKM unite to build India’s Next Big Global Consulting Firm

    0 shares
    Share 0 Tweet 0
  • Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here’s an overview of the employee grades.

    175 shares
    Share 0 Tweet 0
  • ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

    0 shares
    Share 0 Tweet 0
  • EY, PwC, Deloitte surpass 3,300 Partners. EY added 1000+ new Partners

    0 shares
    Share 0 Tweet 0
  • UK firm outsourced accounting work to India but quality dropped: Now established his own offshore unit

    0 shares
    Share 0 Tweet 0
  • Deloitte India offers ‘Golden Handshake’ to senior Partners aged 55 & above. Plans to elevate young partners.

    0 shares
    Share 0 Tweet 0
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert