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EY partners to vote on business split

BIG Four accounting firm EY is moving ahead to let its partners vote on a split of its audit and consulting businesses, a key step that could result in the biggest shake-up in the accounting world in 2 decades.

The plan comes as regulators in the US and Europe turn up the pressure on accounting firms to tackle potential conflicts of interest between the 2 business lines. But numerous reports have suggested that a radical overhaul of EY's business could increase its profitability and open up opportunities...

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