EY split threatens to weaken both sides of firm, say retired partners via IrishTimesBiz
EY’s managing partner in Ireland, Frank O’Keeffe, has said partners in the Republic will “most likely” vote on the plan in the spring of 2023. Some 115-120 partners here would be eligible to vote on the plan.
After the split, the audit business “will have a significantly lower level of earnings”, the retired partners wrote, and the obligation to pay their pensions could “potentially strain” the business.Partners at EY’s Irish firm set to vote on split next springThe memo was penned after a webcast for EY’s 3,000 retired partners in the US last month, which its writers said “raised more questions than it answered”.
The retired partners said they had “concerns surrounding who is protecting the interests of the partners and employees that will continue in AssureCo. Currently it appears that Mr Di Sibio is presiding over the decisions relating to both entities. This makes no sense.” “Whilst we understand that initial reactions to the transaction from the firm’s regulators around the globe were favourable, we doubt this will continue if questions arise as to the appropriate level of resources and expertise remaining in AssureCo,” they added.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liam Reardon Says Millie Court Would Be A Perfect Wife And Mother Despite Their Split | Stellar'Never say never'...
Read more »
Love Island's Gemma Owen and Luca Bish confirm they have split upGemma Owen has announced she and Luca Bish have officially parted ways. It comes weeks after a source close to the couple told The Mirror they were stronger than ever.
Read more »
Love Island's Luca Bish breaks silence on split from Gemma OwenThe reality TV star initially remained silent on social media when now ex Gemma confirmed news of their split, but has since released his own statement on Instagram
Read more »
Russia-Ukraine war: UN accuses both sides of torturing prisonersHuman rights body cites examples of dog attacks, electric shocks and sexual violence
Read more »
Luca Bish addresses Gemma Owen breakup | Her.ieLove Island star Luca Bish has addressed his breakup from Gemma Owen shortly after Gemma confirmed that they had split.
Read more »