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EY partners set for windfall amid breakup plans

A proposal to split auditing and consulting relies on optimistic growth targets

EY’s decision to consider a breakup comes as regulators step up pressure on auditing firms to address conflicts of interest in their business
EY’s decision to consider a breakup comes as regulators step up pressure on auditing firms to address conflicts of interest in their business Photo: Jack Taylor/Getty Images

EY’s plan to split its audit and consulting businesses would give thousands of its partners multimillion-dollar payouts and relies on optimistic assumptions for growth to justify the deal, according to internal company documents and people familiar with the matter.

The plan would split up the firm’s accountants who audit companies such as Amazon from its faster-growing consulting business, which advises businesses on tax issues, deals and technology, among other things.

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