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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

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The head of business futures at the Association of Chartered Certified Accountants, Narayanan Vaidyanathan, said the new technology will permanently change how the industry works. That means accountants will be expected to become business advisers, not just number checkers.

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Trulioo Adds Leigh Ramsden As New Chief Financial Officer

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Before Absolute Software, he worked with the technology practices in Deloitte and PricewaterhouseCoopers , the release stated. In separate news, Trulioo has begun offering free identification services to small- to medium-sized businesses (SMBs) because of the high risk of fraud during the pandemic.

Software 150
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Report: Accounting Firms Turn Down Greensill Auditing Role

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But FT reported that the firm’s auditor has been Saffery Champness instead of one of the Big Four accounting groups — Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. Any business reviews its suppliers as they grow and their needs change,” Greensill said in a statement, per FT.

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Online Ad Biz Neared $50B In Early 2018

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A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. It’s a truth upon which direct-to-consumer brands have built their businesses, and from which all businesses can benefit,” said Randall Rothenberg, president and CEO, IAB.

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UK Changes Course On Big Four Accounting Breakup

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Parliament committee has announced a possible forced breakup of the Big Four – PricewaterhouseCoopers , Deloitte, EY and KYMG – which account for more than 90 percent of U.K. audits for large businesses. “For the big firms, audits seem too often to be the route to milking the cash cow of consultancy business.”

Course 108
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Aztec Exchange May Be Headed For Liquidation

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Aztec Exchange has called for a meeting of creditors, according to a company notice published on Business Barometer , to be held later this month on Aug. The notice also said the company is proposing PricewaterhouseCoopers’ advisory partner Declan McDonald to be appointed liquidator of the firm.

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Tungsten Enters India After Government Collaboration

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“India is one of the fastest growing economies in the world and the move from a cumbersome paper-based approach to a frictionless digital model is great news for any business looking to trade with India vendors,” said Tungsten Network CEO Rick Hurwitz in a statement.

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