Big Four Firms Race to Develop Audits for AI Products

Big Four firms race to develop audits for AI products

Accounting groups hope to emulate previous profit gains from audits of companies’ ESG metrics

Big Four giants eye AI assurance tools to tap in on client concerns

The majority of the Big Four accountancy giants are developing a new audit system for artificial intelligence (AI) tools as they hope to tap into a new revenue stream for their divisions. According to the Financial Times, Deloitte, EY, and PwC are all preparing to launch AI assurance services in hope of profiting from clients’ demand for proof that their AI systems are effective. The government guidance on AI Assurance defines it as a product th…

The Big Four Banks: Which is the best one for investors in 2025?

The so-called Big Four Banks on the ASX are among the ASX’s most prominent companies. They are capitalised at nearly $400bn collectively, record among the largest profits of any listed company and are renowned for being the most significant dividend payers. At the same time, they are among the most highly-regulated and scrutinised Australian companies.…

122 UK accounting firms merged in one day - Now eyeing £800Mn PE deal

Imagine this: Over 100 independent accounting firms across the UK and Ireland, merged into a single entity. That’s the story of Xeinadin; born in 2019, as a result of the largest firm merger the accounting world had ever seen. In just five years, the firm has scaled to over 2,000 professionals, generated an EBITDA of £60 million, and secured backing from private equity. Back story Xeinadin  In 2019, something extraordinary happened in the UK acc…