KPMG

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future."

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.

Gen Z accounting interns believe the biggest misconception about their generation is that they don't want to work hard, according to a new KPMG survey.

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

Having joined the Financial Accounting Standards Board as a technical assistant in 2003, Salo will serve a five-year term on the board starting in July.

The new firm will be led by KPMG's U.K. CEO, Jon Holt, while Stefan Pfister, currently the boss of the Swiss arm, will become deputy CEO.

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.

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

The U.S. firm attributed the uptick to the return of business travel since the pandemic, according to its 2024 Impact Plan report.