AI reduces audit costs but rates remain unchanged, Bill Gurley notes

AI reduces audit costs but rates remain unchanged, Bill Gurley notes
AI slashes audit costs, rates steady

Bill Gurley, industry influencer, observes that artificial intelligence is significantly reducing the costs of corporate auditing.

He points out that this cost reduction is already prevalent in the legal sector, but the big 4 accounting firms are reportedly maintaining their rates for clients, despite the impact of AI. Gurley questions how this resistance to lower fees by major firms will ultimately be received.

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