KPMG Cuts 10% of Audit Partners as AI Still Stumbles on 20% of Tasks

KPMG has laid off 10% of its audit partners, a significant move that underscores ongoing pressures in the accounting industry. The decision comes as firms grapple with cost-cutting and technological shifts. Meanwhile, a recent evaluation of AI systems in accounting shows that even the best models fail to complete one out of every five tasks accurately, highlighting the limits of current automation in complex professional work.