The firms will have equal roles in the new merged firm and the name will reflect this, the report continues. "It is to be called DeloitteErnstToucheYoung, or DERTY for short."
Can I suggest a motto for the enlarged firm? "Where there's muck there's brass."
Yesterday was, of course, April Fool's Day. You can read the japes for yourself on http://www.accountingweb.co. uk/derty.html.