EY plans to spin off audit, consulting units to ease regulatory concerns

BENGALURU – Ernst & Young (EY) is planning to split its audit and consulting units into two companies, as the professional services firm looks to ease regulatory concerns over potential conflicts of interest. The Big Four accounting firms, comprising EY, Deloitte, KPMG and PricewaterhouseCoopers, have been under regulatory scanner for years over concerns that the […]

FangDD Announces Change of Independent Registered Public Accounting Firm

SHENZHEN, China, Aug. 01, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), today announced that the audit committee of the Company’s board of directors approved, on July 29, 2022, the dismissal of KPMG Huazhen LLP (“KPMG”) and the engagement of Audit Alliance LLP ( “Audit Alliance”) as […]