EY calls off plan to break up audit and consulting units

EY calls off plan to break up audit and consulting units

The Ernst & Young building rises above Times Square in New York June 18, 2014. REUTERS/Lucas Jackson

Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that were meant to address regulatory concerns over potential conflicts of interest.