Kind of a follow up to the previous post. How long do you think we have at Big 4 FDD before 30%+ of headcount will be gone?

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Hate the whole premises of the question tbh. It only assumes AI replaces time of juniors. It doesn't address the nuance of even greater skill and knowledge requirement needed for FDD, how costs will impact volume - both in quality and depth of diligence, but also situations where we wouldn't have had diligence before that is now more cost reasonable to do so. Then there are additional capabilities, analysis, conclusions.

AI is a huge capability driver, not just a cost efficiency. And unlike audit and tax compliance, TAS is inherently market driven.

Fact is until AGI comes along there's nothing to say FDD won't become an even bigger service line by headcount. We're in a depressed market now sure, the Lord's do love their Wars, and it's an uncertain landscape, but nothing is certain here.

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I know we’re both sad about VS Codes capabilities but compute power is too expensive, employees don’t have more than 24 hours, and there’s still way too much human nuance necessary. I’d say 4-7 years

What’s VS Codes?

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