EY’s US boss warns it is ‘premature’ to say whether break-up plan can be salvaged

EY's US boss, Julie Boland, has said it is too soon to predict if the break-up plan can be salvaged. The pause has prevented an escalation in costs tied to the deal, while important issues remained unresolved.

March 24, 2023 . 2:57 AM

1 min read

It is too early to predict if the EY break-up plan can be salvaged, according to Julie Boland, the head of EY's US business.
Halting preparations for the split has prevented an escalation in costs tied to the deal.
Four of EY's most senior former leaders expressed concerns that the plan was fundamentally flawed and threatened audit quality.
Partner votes were intended to begin in November but were delayed repeatedly before being postponed indefinitely after Boland's intervention.
Some partners accused the US business of moving the goalposts by reopening negotiations over which parts of the business should be allocated to each side.