EY Poised to Grow Big Four Audit Market Share in Restructuring

Ernst & Young as a stand-alone audit firm is set to bolster its market share to become an even bigger member of the Big Four if partners approve a global breakup of the firm.

The accounting firm’s plan to spin off most of its consulting and tax business into a new company would give its remaining $20 billion audit business access to a list of companies it could not sell to before: its soon-to-be former consulting clients.

“They’re still going to be a dominant player,” said Tom Rodenhauser, managing partner with Kennedy ...