Monday Morning Accounting News Brief: EY’s Paying Big For the Everest Failure; PwC UK Delays Promotions | 2.12.24
Going Concern
FEBRUARY 12, 2024
EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The extra debt is designed to smooth the costs of Project Everest across more than one financial year. Some are finding solutions overseas.
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