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https://www.wsj.com/articles/ey-to-announce-breakup-plan-for-audit-and-advisory-businesses-11662639241

Ernst & Young’s leaders fired the starting gun Thursday on a monthslong plan to split its consulting and auditing businesses, in a radical move that will generate windfalls for the firm’s partners and could upend the business model for accounting firms.

“This is something that will change the industry,” Carmine Di Sibio, EY’s global chairman and chief executive, said in an interview.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.