Stephen Foley

KPMG, one of the world’s largest auditors of public and private companies, negotiated lower fees from its own accountant by arguing that AI will make it cheaper to do the work, according to people familiar with the matter. The Big Four firm told its audit... See more

KPMG, one of the world’s largest auditors of public and private companies, negotiated lower fees from its own accountant by arguing that AI will make it cheaper to do the work, according to people familiar with the matter. The Big Four firm told its audit... See more

PwC shrank its global workforce in the past year and abandoned a five-year hiring target as it grappled with slower revenue growth, internal scandals and the rise of artificial intelligence. The Big Four accounting and consulting firm’s global chair, Moha... See more