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EY partners want new direction from execs after split failure: ‘What is your plan B?’

EY needs a clear strategy after the failure of its plan to split between audit and consulting, say partners

EY pulled the plug on a planned break-up of the firm earlier this month after opposition from US partners

Jack Taylor/Getty Images
By
James Booth

EY partners are calling for the firm’s leadership to come up with a new plan for the firm after the failure of its split between audit and consulting.

The Big Four firm was set to split between its audit and consulting arms in a plan called Project Everest. However, the US partnership's rejection of the plan doomed the scheme, which was withdrawn earlier this month in a very public failure.

EY...