Wall Street

Deloitte denies media reports on restructuring plans

Published by
Reuters UK

(Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its global audit and consulting practices are “categorically untrue”. The news of the split, reported by the Wall Street Journal earlier in the day, came in a few weeks after another Big Four accounting firm Ernst & Young said it was evaluating strategic options to improve audit quality. “As stated previously, we remain committed to our current business model,” a company spokesperson said in an email to Reuters. According to the WSJ report, Deloitt…

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