EY

The Big Four firm announced layoffs of 5% of its staff only days after calling off plans to spin off its consulting practice.

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EY's U.S. business is embarking on a $500 million cost-saving program over the next 12 months.

The Big Four firm's U.S. business will instead embark on a $500 million cost-saving program and focus on freeing up capital for investment.

The Big Four firm's top leaders halted a planned breakup of the firm after the U.S. affiliate decided not to take part.

Tax leaders at companies around the world are predicting the number of tax audits will increase by more than a third over the next two years.

The decision is the harshest regulatory consequence yet for the firm since Wirecard's demise almost three years ago.

The organization is making plans for easing multinational companies and government tax authorities into its Pillar Two requirements.

The Big Four firm is pausing its plans to spin off its consulting side as a separate public company as it works to appease warring partner factions.

The breakup of the Big Four accounting firm is "inevitable" due to regulatory and capital return pressure.