From www.goingconcern.com: [US context] Ninety-seven percent of accounting firms report inefficiencies in their technology usage, contradicting their marketing claims about digital capabilities.

Deloitte is cutting bonuses and hiring as profits decline, while EY is embroiled in a £2.7 billion legal battle regarding fraud allegations related to the collapse of NMC.

Meanwhile, PwC is establishing a new AI hub in Singapore and KPMG has released a comprehensive study on trust in AI across global populations.