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EY lays out US governance overhauls after failed split

The proposed framework aims to expand US partners’ role in voting around firm oversight and strategy, part of an expected revamping of US unit’s structure

EY says move is 'part of the firm’s practice of regularly reviewing current best practices of governance in professional services firms'
EY says move is 'part of the firm’s practice of regularly reviewing current best practices of governance in professional services firms' Photo: Berke Bayur/Getty Images

EY is stepping up its US governance overhaul efforts, a bid to give partners there a greater voice in firm strategy, following the failed separation of its audit and advisory businesses earlier this year.

The proposal comes as the Big Four accounting firm continues to work to untangle the mess left by its decision in April to scrap plans to split auditing and consulting into two different firms. EY spent $600m (£480m) and more than a year working on the split.

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