Will the B4 ever split off their consulting segment from their tax/assurance segment? It could finally free us from independence restrictions

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It’s talked about a lot but in all likelihood no, it’s a diversified conglomerate with big bets on high growth areas of consulting backed by annuity revenue work like tax and audit. When one is down the others can cover etc.

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Following the fallout of Enron that crushed Arthur Andersen (Accenture had just spun out before it all went down) and helped create SOX. PwC previously sold their consulting arm to IBM (became their Global Services), EY sold theirs to Capgemini, and KPMG spun out BearingPoint. Deloitte kept theirs and got a bit of a head start as the others wound up having to rebuild.

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You mean like Andersen Worldwide that had:

1) Andersen Consulting for, well, consulting
2) Arthur Andersen for audit and tax

I still think a split firm would be subject to independence rules. Anyway, this setup cause a lot acrimony between AC and AA in that the latter was offering services that overlapped with the former. And yes, there were a mountain of underpinning agreements to supposedly prevent this, but we know how that went.

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that'd be nice. EY definitely has taken the brunt of independence.

We can't partner with Amazon, Salesforce, or Google which is extremely annoying. However, I am not sure if I'd still be at EY by then when that happens.

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Wouldn’t PwCs separation of the trust solutions and consulting solution be a step toward that direction?

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Maybe? But I don't think it's substantial enough to really mean anything

Not for nothing but PWC already did this once.

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When?

Personally, I hate the idea of being someone who works at an accounting firm when I'm in advisory and have nothing to do with accounting. LinkedIn classifies PwC as an "accounting firm" and it bugs me. Thinking of it similar to Arthur Anderson and Accenture split

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