EY

Ernst & Young's U.S. firm intends to invest $1 billion over the next three years in talent and technology to improve the attractiveness of the accounting profession.

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

Plus, Bennett Thrasher launches new division; MACPA graduates 20 from 2024 Leadership Academy; and more news from across the profession.

Big Four firm PwC announced it has made a deal with OpenAI to become the first reseller for ChatGPT Enterprise.

Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.

Ernst & Young acquired Nuvalence; CliftonLarsonAllen bought Ronald Blue; Wipfli added Harbour Results; and Avantax acquired Integrated Tax & Wealth Strategies' wealth management business.

The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.

Ideagen Audit Analytics' report shows mid-tier auditors taking market share from smaller firms.

EY names Americas financial services organization leader; EisnerAmper adds technology and life sciences leaders; and more news from across the profession.