Accountancy

EY’s biggest shake-up in decades could force Big Four to follow

KPMG, PwC and Deloitte would face pressure to follow EY if it spins off its audit business

A decision by EY to separate its units could force the rest of the Big Four into action
A decision by EY to separate its units could force the rest of the Big Four into action Photo: Tolga Akmen/Getty Images

EY’s proposed split of its audit and consulting divisions could put pressure on its Big Four rivals to follow suit, in what could be the accountancy sector’s biggest shake-up since the collapse of Arthur Andersen in 2002.

EY — which posted more than $40bn in revenue last year — confirmed on 27 May that it was examining plans to separate its audit and consulting businesses, with the caveat that “no decisions have been made”.

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