Why is assurance laying people off? RSM and Wiss are some examples. Is it because of AI?

likesmart
Posting as :
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You are currently posting as works at

They’ll blame it on AI. It’s really because they can hire people offshore to do the same work at a fraction of the cost

likesmart

Yup. Stop sending jobs to other countries.

like

No

such a low margin business

They are illegally off shoring and a.i. -ing some of the things yes.

But i feel that is not gaap standards and a mis-representation to the client who is paying big4, not some rando across the earth not in the usa to do the job.
Since the people don't have the training or same knowledge (or ethics). I see another enron in the near future and i hope they get sued out of existence.
Or maybe that is the long term goal anyway. 1 Government run accounting firm(s) like communism.

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