SINGAPORE (May 27): Following a Financial Times report that claims EY has plans to split its audit and advisory operations globally, EY says it is in the early stages of evaluation.

“As the most globally integrated professional services organisation, we regularly conduct scenario planning and review EY businesses on a global basis to determine that we have the optimal strategy, structure and footprint to focus on delivering high-quality audits and exceptional service to all clients across EY service lines," said EY in response.

"We routinely evaluate strategic options that may further strengthen EY businesses over the long term. Any significant changes would only happen in consultation with regulators and after votes by EY partners. We are in the early stages of this evaluation, and no decisions have been made ... (click on link for full story on theedgesingapore.com).