4th biggest auditing firm says it won't pay for auditing because...

[ergophobe]

Why else? AI

KPMG is low-balling its auditor and saying they have to charge less, because auditing can be done by AI now. KPMG is the fourth-largest accounting firm in the world. A large part of their business is auditing.

https://x.com/DKThomp/status/2021223432965247254
https://big4accountingfirms.com/top-10-accounting-firms/