Amanda Iacone

The Trump administration continues to defend the US audit board in a constitutional court challenge despite efforts earlier this year by House Republicans to eliminate the regulator.

KPMG’s global revenue rose a steady 5.1%, the Big Four consulting and accounting firm said Tuesday, driven by demand for its managed services offerings and AI-backed workflows.

The US audit board will roll back its spending next year to $362.1 million, in the latest setback for a regulatory body that survived an elimination bid in Congress and remains in limbo amid its latest leadership overhaul.

The accounting industry faces new recruitment hurdles as states advance education reforms meant to ease access to careers in the field.

The Big Four accounting and consulting firms are looking to stay competitive as artificial intelligence shakes up their industry by pivoting to focus on multi-year contracts meant to reinvent and run corporate back-office suites.

KPMG is rolling out the next generation of agentic artificial intelligence for its audit practice with a test-run of the technology as soon as this summer.

EY is rolling out this week advanced AI to audit teams globally, in its latest bid to bolster checks on corporate accounting and to stay ahead of the fast-developing technology.

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

Auditors, lawmakers, financial regulators, and investors called on the US audit watchdog to roll up its sleeves and dig into a crush of systemic threats that they say could undermine audits as well as corporate financial reporting that drives the $73 trillion US capital market.

Most US-listed companies would be exempt from requirements they hire an outside auditor to field test safeguards meant to ensure investors can rely on corporate revenue and asset value disclosures, under an SEC proposal unveiled on Tuesday.