AI threatens audit fee model as one-person firms emerge
Audit fees at FTSE firms grew 75% from 2019–2023 but slowed to <2% in 2024, signaling AI is automating audit work and disrupting the profession's traditional pricing power.
Accountants should verify AI before trusting proof-of-cash automation
Expert commentary warns accountants that AI proof-of-cash tools work best as infrastructure automation rather than judgment replacement, echoing industry findings on effective AI implementation.
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