More than 780 UK partners have been invited to a summit next week at which they will be briefed on details of EY’s plans to separate its audit and consulting businesses, Sky News learns.
Details of the voting arrangements are yet to be finalised, but it is thought that national EY firms which vote against the proposals would not be forced to implement the split.
A spokesman for EY UK said in response to an enquiry from Sky News:"EY partners in the UK have not been able to gather together physically for two years. Deloitte and PricewaterhouseCoopers have both pledged to retain the existing integrated model, while Sky News revealed last week that the boss of KPMG had taken a swipe at EY's plan by implying to colleagues that it was akin to an act of corporate vandalism.
"To monetize the goodwill of our firm that has been created for over a hundred years, at the expense of the next generation, would be entirely contrary to our culture."
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