Ernst & Young Split Plan Held Up by Debt Issues

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Ernst & Younger’s effort to split its audit and consulting businesses has been slowed by a change in its U.S. management, in addition to problems over its multibillion-dollar money owed, in keeping with folks aware of the matter.

A “go or no go” choice by the Large 4 accounting agency’s senior executives, initially scheduled for June, is now anticipated mid-August on the earliest, in keeping with inner EY paperwork and the folks aware of the matter.

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