In our most recent The View From The Top, Brian Friedman discussed the potential split of EY and how it's going to impact EY, their partners, their employees, their clients, and their competitors.
While nobody knows what is going to happen, Brian gave his personal perspective given that he spent the best part of 30 years working for the big 4. In this show he:
- Provided an overview of the big 4 for those that may not be familiar with them, including the complexities of such large organizations
- Discussed the fundamental conflicts between the audit and non-audit divisions of EY, and specifically addressed:
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- Regulation
- Profitability and growth
- Client sharing/cross-selling
- Challenges with audit clients
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- Looked at potential ways the company could split — trade sale, IPO, and so on
The majority of participants on the show believe something will happen with EY. What do you think?
View the show recording here:
Be sure to tune in for future episodes of the The View From The Top.
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Created on 10-6-2022