Younger investors are also more concerned with transparency and digital capabilities than returns and performance, SIFMA and KPMG found.
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Rest assured, Africa is far from the only region where corruption cases have made the auditing business risky.
A talent shortage, increasing regulatory scrutiny, and technological advancements are straining the accounting industry.
Rest assured, competitors Deloitte, Ernst & Young, and PricewaterhouseCoopers are likely to follow in KPMG’s tracks.
Large consulting and law firms are trying to get junior staffers on the fast track to partner using tools like ChatGPT.