EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm.
Julie Boland, the head of EY’s US business, who has been picked to run EY after it spins off its consulting arm, told partners on Wednesday that the deal needed to be reworked, according to people familiar with the matter.
EY said in a statement: “As part of our deliberation and due diligence . . . we are engaging in a dialogue with the largest EY country member firms to determine the final shape of the transaction.”
Read more on the decision to pause the split here.
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