PracticeAccounting FirmsE&Y Japan takes on Misuzu staff

E&Y Japan takes on Misuzu staff

Firm tp become biggest in Japan after taking on 1,000 of former PwC audit firm in the country

E&Y’s Japanese affiliate ShinNihon is to take on 1,000 staff from Misuzu,
the Japanese audit firm that was associated with the PwC network.

Reports
said ShinNihon would be taking on 44% of Misuzu’s staff, mostly from the Tokyo
office.

The rest of the firm’s staff are to go to other firms, with 400 to go to
Deloitte’s firm and almost 300 to KPMG’s.

Misuzu is winding down
after high-profile audit problems that led to the loss of its audit licence
temporarily and PwC setting up
another firm to act as its
Japanese affiliate.

Further Reading:

Asahi.com

PwC to shut down Japanese
affiliate

New PwC Japan firm ‘to grow
to 1,700’

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