BDO axes 31 partner roles as AI pressure grows and profits fall
Move comes amid downturn for professional services after hiring spree during pandemic
Move comes amid downturn for professional services after hiring spree during pandemic

Two employees resigned as company secretaries to group accused of being part of international fraud last month

Consultancy begins overhaul of pricing and services in face of technology undercutting its business

Sector companies are seeking to show that time saved on one-off tasks can translate into real-world business value

Firm leader says auditor may face years of scrutiny and will take ‘decisive action to protect our reputation’

Consultancy tells senior staff their remuneration will comprise a greater proportion of equity

Former executive told investigator examining company’s failure that audit firm had ‘most unsophisticated’ process