Deloitte has put its UK restructuring practice up for sale following concerns among its senior executives that it has become too difficult to manage conflicts of interest, said two people familiar with the decision.
The ‘Big Four’ accounting firm plans to approach potential acquirers, including rival professional services groups and private equity houses, the people said. The disposal could also take the form of a management buyout.
The plans highlight the pressure on Deloitte and its largest rivals PwC, EY and KPMG to manage conflicts of interest after corporate failures and accounting scandals have called into question the quality of their audits and the independence of their advice.
Last year the Financial Reporting Council, which…
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