Hi folks.. heard the news about EY split. Can anyone please enlighten what that is all about? EY

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The business issue was, EY was not able to provide consulting services to giants like amazon, google, MS etc since many of them were into EY Audit services.

If EY is auditing a firm, EY's other consulting services can't get business of these firms. Hence EY decided to split itself in 2 : Tax/Audit related service and Consulting related service.

This way, both the new entities will be able to serve same clients without any conflict of interest.

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Additionally, the assurance and audit will have the EY brand name, and the consulting will be a new brand. Just attend the webcast by Carmine.

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Yes

Umm its there on the public domain. Do your research?

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