The auditing company could stir up the industry with a split.
(Photo: imago images/Michael Gstettenbauer)
Dusseldorf The auditing and consulting firm EY is on the home stretch with plans for a split. The project is to be officially presented in the next four to six weeks and then voted on at the level of the national companies, as the Handelsblatt learned from company circles.
Among other things, it is about the distribution of the pension burden and compensation for the auditors. However, the last organizational hurdles have to be overcome.
The company plans to spin off its management, tax and legal services into a new company. The $14 billion auditing firm will remain under the EY name. The new consulting group is to be listed on the stock exchange under a new brand with a turnover of 26 billion dollars.
EY would follow a different strategy than KPMG, PwC and Deloitte
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