Accounting firm networks

Janet Truncale most recently was the regional MP for EY's financial services organization in the Americas.

The two-member combination will be called Forvis Mazars when it's finalized next June.

Jean Stephens, who has led the group for 17 years, plans to step down in May 2024 and become a senior advisor to the network.

The Top 10 Firm has been building its international network since last year, with further expansion plans as it begins to roll out AI technology.

The international network founded by a group of former partners from Arthur Andersen has unveiled a global valuation practice.

The consultancy, created by former partners of the defunct Big Five firm, expects revenue to exceed $1.9 billion this year.

Ernst & Young saw one of the biggest revenue increases in its history despite the cancellation of its plan to spin off its consulting practice.

Revenue from consulting services grew at the fastest pace at 19.1%, followed by risk advisory, and audit and assurance.

These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.