Ernst & Young (EY), one of the four major international accounting firms, intends to split its audit and consulting business, the Ernst & Young China China will not participate.
According to the China News Agency, the Ernst & Young Da China District issued a statement in Shanghai on Friday (September 9) that based on the consideration of factors such as the business environment and development stage of the region, all members of the Ernst & Young Da China DistrictInstitutions will not participate in the Ernst & Young Global Demolition Plan.However, the Ernst & Young Greater China will continue to stay on the Ernst & Young Global Network to integrate customers in Greater China to serve Greater China.
Statement stated: "The member institutions of the Ernst & Young Da China area are owned and managed by local partners. They have provided professional services in this area for more than 55 years.There are organizational structures to provide customers with multiple fields of professional services for customers in Greater China. "
Statement also stated:" We will continue to practice their commitments to the country, society, and customers, and use first -class talents and innovation.Spirit, adhere to social responsibility, create long -term value, lead high -quality sustainable development, and build the most trusted professional service institutions. "The approval of the partners' voting decides whether to approve the auditing and consulting business of spin -off, and take the first step for the accounting bank for more than 20 years.The entire voting activity will begin at the end of this year and end in early 2023.
