KPMG distances itself from EY and is committed to a multidisciplinary model

professional service firm KPMG It has distanced itself from EY and maintains its commitment to a multidisciplinary model, learning that the latter is studying the separation of its audit and advisory businesses.

Sources in KPMG have reported that “a model” multidisciplinary Offers many benefits – such as the diversity of our talent, our technology and our global reach – that drive innovation and the highest quality standards in our audit, legal and tax services, consulting and transaction advisory businesses. ,

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The reaction comes on news that EY is studying the separation of its audit and advisory businesses around the world, which would mean one of the largest restructurings of the past two decades in the consulting sector.

EY, along with one of the so-called ‘Big Four’ KPMG, PWC and Deloittehas indicated that it regularly evaluates various strategic options that can strengthen its business lines over the long term, and that it will only make significant changes after consulting with regulators and voted on by advisory partners. Will do

“We are in the early stages of this evaluation and no decision has been made yet,” he explained. EY,