Labor has dodged a bipartisan proposal to slash partner numbers at the big four consulting firms to a maximum of 400 equity partners and separate the management of their audit and non-audit practices.
The recommendation to cap partnerships at Deloitte, EY, KPMG and PwC – which range up to almost 700 partners – would bring the firms into line with law firms.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au
