Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business.
EY’s leaders last week approved separating the professional-services firm’s consulting and auditing businesses. The move would result in the breaking off of the faster-growing consulting business, which advises on tax issues, deals and corporate strategy. The proposed breakup “provides tremendous opportunities for our people, our clients and our partners,”...
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