Accounting & Capital Markets News

Inventory audits still require accountants to climb grain bins, freeze in subzero warehouses, and smell like pig farms — and AI can't fix it yet, mostly because regulation hasn't caught up.

A New Mexico jury hit Meta with $375 million in civil penalties — the first state trial win against a major tech company for child endangerment — raising urgent questions about contingent liability disclosures and audit risk.

KPMG told Grant Thornton UK to cut its audit fees or lose the business — arguing AI makes the work cheaper. Grant Thornton agreed to a 14% reduction. Now every company may use the same playbook.