Accountancy

EY’s Project Everest failed: Here’s what you need to know one year on

The Big Four accountancy firm called time on its break up plans in April last year

EY tried to engineer a major split between its audit and consulting businesses
EY tried to engineer a major split between its audit and consulting businesses Photo: Jakub Porzycki/Getty Images

EY’s attempt to split audit and consulting was a bold gambit by boss Carmine Di Sibio to shake up the Big Four accountancy firm.

The plan failed last April after it ran into opposition from a group of powerful audit partners in its US business.

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