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WSJ News Exclusive | Ernst & Young Leaders Expected to Approve Plan to Split Accounting Company

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Ernst & Young's leaders are expected this week to give the green light to splitting its auditing and consulting businesses

The split, penciled in for late next year, would separate EY’s accountants who check the books of companies such asEY’s move could radically reshape the accounting landscape if it goes to plan, industry watchers said.

EY is one of the Big Four firms that dominate auditing in major financial markets and whose multibillion-dollar consulting arms compete with the likes of Accenture PLC and International Business Machines Corp.

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This is overdue - accounting firms should not be provided biased advice to their clients that actively refutes common accounting rules.

Yawn!

About time.

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