EY nominates vice chair for assurance as U.S. leader

The Wall Street Journal reports that EY has nominated Dante D’Egidio, currently vice chair for assurance for EY Americas, as U.S. managing partner, with partners expected to vote to approve his appointment in the coming weeks. He has held his current role since 2023, leading the Big Four firm’s efforts to reduce its auditing deficiencies. EY expects to achieve its lowest U.S. auditing shortfall rate in 16 years, at or below 9% this year, as the PCAOB wraps up its inspections process for the Big Four accounting firms. If approved by the partners, D’Egidio in July would succeed Julie Boland, who led the U.S. operation since 2022 but is set to retire from the firm, as she would reach the mandatory age 60 retirement and the end of her four-year term.