Carmine Di Sibio EY Global Chairman & CEO
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EY Expected to Approve Proposal to Split Audit & Consulting Services with Final Decision in Early 2023 with Potential IPO Plans, Partners to Receive $8 Million Including Shares of New Consulting Business

9th September 2022 | Hong Kong

EY is expected to approve the proposal to split the accounting firm and consulting firm to reduce conflict of interest and to accelerate respective business growth, with the final decision to take place in early 2023 with potential IPO plans and EY partners may receive $8 million including shares of the new consulting business. The new EY consulting business will hold around 60% of revenue, and audit will hold around 40% of revenue.  With the split, the consulting business may go publicly listed with estimated market value of around $10 billion, with equities being distributed to EY partners and EY employees.  EY has 13,000 partners and around 312,000 employees globally.   EY is one of the world’s largest accounting firm and one of the Big 4 accounting firm alongside Deloitte, KPMW & PwC, has around 312,000 employees globally. 

“ EY Expected to Approve Proposal to Split Audit & Consulting Services with Final Decision in Early 2023 with Potential IPO Plans, Partners to Receive $8 Million Including Shares of New Consulting Business “

 


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EY Breakup Plan: Split into Accounting Firm and Consulting Firm, Each Partner to Receive $8 Million

Carmine Di Sibio EY Global Chairman & CEO



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