“We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need.” $ACN Accenture cuts workforce by 11,000, targets staff that cannot be retrained for age of AI www.ft.com/content/a74f...

BCG to train staff on ‘humanitarian principles’ after Gaza outcry www.ft.com/content/a02f...

"Make IPOs great again." And make the plaintiffs bar sweat. SEC allows public companies to block investors from class-action lawsuits. www.ft.com/content/5a41...

PwC’s Middle Eastern growth engine has stalled, according to figures just out in the UK www.ft.com/content/4846...

"Aspiration’s failure is the result of loose underwriting standards colliding with the celebrity affinity for social justice efforts, creating conditions for a financial debacle." Story by @sindap.bsky.social www.ft.com/content/ec3e...

Grant Thornton Germany picks UK over US as accounting network consolidation accelerates www.ft.com/content/4f44...

"When people talk about decline in this country, this article is what they mean." ⬆️Most recommended comment on this piece by @robarmstrong.bsky.social, in which he argues it's time to consider shorts in the office www.ft.com/content/183d...

Meanwhile, over in the UK… Traffic-light’ dashboard lets PwC monitor office attendance ft.com/content/0aa1...

Bain & Co shuts South Africa consulting business after corruption scandal www.ft.com/content/cdbd...

McKinsey bars China practice from generative AI work amid geopolitical tensions. www.ft.com/content/9907...

BREAKING: Public Company Accounting Oversight Board (PCAOB) chair Erica Williams is OUT. Paul Atkins, chair of the Securities and Exchange Commission, asked her to resign and her last day will be July 22. www.ft.com/content/8167...

The Netherlands this time. Big Four firms fined in new exam cheating scandal www.ft.com/content/aa27...

Have questions on the market, inflation or the 'Taco trade'? Unhedged's Robert Armstrong wants to hear from you. Join him on Reddit today for an 'Ask Me Anything': on.ft.com/44snQMc

Did the Senate parliamentarian just save the credit markets? She's nixed a 'big beautiful bill' measure that would have defunded the Office of Financial Research. Its data underpins SOFR, the interest rate used for $$trillions of debt. So, phew, I guess. www.ft.com/content/f577...

BCG pitched to UNRWA before helping rival Gaza aid plan www.ft.com/content/d5fe...

ABundance Agenda? Era of Bund scarcity is over, says German debt chief www.ft.com/content/9765...

Accountants and lawyers team up to fight Trump tax provision www.ft.com/content/9395...

Former McKinsey partner jailed for deleting emails on US opioid work www.ft.com/content/5e76...

Deloitte UK scoop incoming from my colleague, Ellesheva Kissin: The firm has told its UK consulting employees that it will promote fewer of them, limit their annual pay rise and cut bonuses after the business "fell materially short of its performance goals". www.ft.com/content/d323...

Really helpful explainer here by Michael Rapoport on the delicate interplay between the Loper Bright ruling and the new tax bill news.bloombergtax.com/payroll/gops...

EY delays start dates for some of this year's graduate intake in the US. It's the third year in a row the firm has done this, making it an outlier among the Big Four. www.ft.com/content/815e...

He “couldn’t let go — if these scandals hadn’t happened he would still be here”: the battle by World Economic Forum founder Klaus Schwab to save his legacy. With @stephenfoleyft.bsky.social www.ft.com/content/011d...

Are IOUs from the taxman worth the paper they are not written on? www.ft.com/content/9820...

Big news in the footnotes to Uber’s latest quarterly accounts. The ride-sharing app has won a multimillion-pound reprieve on disputed UK tax payments, after the odds shifted in its favor in a £1.4bn VAT battle. www.ft.com/content/d12f...

KPMG resigns as auditor to scandal-hit P&O Ferries www.ft.com/content/c8b5...

PCAOB chair Erica Williams tells me that Republicans' plan to axe her regulator could damage audit quality not just in the US but all around the world. Interview here: www.ft.com/content/6c5d...

Trump Media’s auditor was booted from a US accountancy group after taking the president’s business as a client last year, a lawsuit claims $DJT www.ft.com/content/9b26...

Deloitte and EY are going o be neighbors www.wsj.com/real-estate/...

Republicans plan to scrap the US audit regulator, the PCAOB, that was set up after the Enron scandal www.ft.com/content/d8a0...

PwC has ordered nearly 300 US partners to cut ties with a tiny brokerage offering speculative small-cap investments. It's a ruling that has caused consternation at the highest levels of the firm. www.ft.com/content/7525...

Scammers are using a deepfake video of our columnist Martin Wolf. Why, he asks, is Meta not doing more? www.ft.com/content/80d9...

Welcome to the US legal correspondent beat, @kayewiggins.ft.com

Earlier this week I wrote about how businesses can legally cut the cost of tariffs. Of course, you could just do it illegally… asia.nikkei.com/Spotlight/Po...

The rule change that could blow open US law www.ft.com/content/8efd...

Baker Tilly is in talks to acquire Moss Adams in deal that would create the sixth-largest accounting firm in the US. www.ft.com/content/491d...

"A danger lurking inside the market that is supposed to be the financial system’s equivalent of a bomb shelter." The Treasury basis trade rears its head again, by @robinwigglesworth.ft.com www.ft.com/content/1df2...

“Can you lower the base through customs planning techniques, so a good that is otherwise sourced at $100 and paying a 25% tariff, can you make that good $90 paying a 25% tariff?” Companies get creative in finding ways to limit impact of Trump’s tariffs www.ft.com/content/95f2...

"What is essential now after the turmoil of the last months, is to recover our sense of mission." FT exclusive: Davos forum founder Klaus Schwab to step down as chair of trustees www.ft.com/content/347f...

The word "baffles" in this headline is a polite version of the quotes from economists in the article. Great @financialtimes.com coverage of Donald Trump's trade war launch. www.ft.com/content/85d7...

People (we) are calling it “the best job in journalism”. And it could be yours! on.ft.com/41Nc11W

Deloitte hit hardest by Trump’s clampdown on consultancy spending: * Largest number of contracts cancelled * Doge claims $372mn of savings * Deadline today to make more price concessions * Firms hope to shift conversation to future work Full story: www.ft.com/content/f546...

“I hope the questions about Precision Castparts get asked at the annual meeting.” Warren Buffett is ready to talk about his big mistake… www.ft.com/content/6dbd...

"An estimated 84% of the bank’s business was introduced by other companies in Gupta’s alliance in 2019 but PwC had not considered the risks of that exposure, the FRC said." PwC fined £2.9mn for audit failures at Sanjeev Gupta’s former bank. www.ft.com/content/f383...

UK officials are exploring tax concessions for US tech giants including Alphabet, Amazon and Meta, in the hope of securing a deal with Donald Trump to drop some tariffs. www.ft.com/content/e5f3...

Strongly worded criticism of the IRS from the Big Four accounting firms today. The agency's treatment of Coca-Cola is "part of a broader pattern of IRS enforcement actions that have whipsawed taxpayers across the country". www.ft.com/content/2e30...

LOL Comment under current FT splash, "Accenture warns Elon Musk's Doge-led spending crackdown is hitting revenues"

EY is cutting jobs in a pullback from the UK legal sector. My colleagues Suzi Ring and Ellesheva Kissin have the scoop: www.ft.com/content/e9fd...

Kirkland & Ellis partners pocket an average $9mn www.ft.com/content/a9ab...

"We will take steps to address the leadership and management issues identified by the Special Committee that do not meet our established standards." Scoop: Davos organiser promises revamp after probe into workplace discrimination www.ft.com/content/aa85...