EY India's partners are faced with uncertainty and potential delays regarding the consulting-audit separation as they await additional information from headquarters on the revised terms of the split and its potential impact on the guaranteed payouts.
The uncertainty increased after a partner call on Wednesday led by Julie Boland, chair of EY US and Americas region, in which she said the agreement needed to be revised. Boland is slated to take over as global chairman and chief executive of audit business after the split.
This news comes days after EY India doled out large salary hikes (30%-plus) to its partners after a bumper fiscal 2022 in which the firm (including all member entities) touched ₹8,450 crore in revenue, driven largely by its business advisory business.
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