{"id":470068,"date":"2026-02-10T06:49:08","date_gmt":"2026-02-10T06:49:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/470068\/"},"modified":"2026-02-10T06:49:08","modified_gmt":"2026-02-10T06:49:08","slug":"kpmg-demands-fee-reduction-from-grant-thornton-accountants-citing-ai-efficiencies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/470068\/","title":{"rendered":"KPMG demands fee reduction from Grant Thornton accountants citing AI efficiencies"},"content":{"rendered":"<p>New York | KPMG, one of the world\u2019s largest auditors of public and private companies, negotiated lower fees from its own accountant by arguing that AI will make it cheaper to do the work, according to people familiar with the matter.<\/p>\n<p><a href=\"https:\/\/www.afr.com\/companies\/professional-services\/kpmg-to-outsource-hundreds-of-executive-assistants-to-the-philippines-20260203-p5nzam\" rel=\"nofollow noopener\" target=\"_blank\">The big four firm<\/a> told its auditor, Grant Thornton UK, it should pass on cost savings from the rollout of AI and threatened to find a new accountant if it did not agree to a significant fee reduction, the people said.<\/p>\n<p>Loading&#8230;<\/p>\n<p class=\"_137dbe642694dac0-source\">Financial Times<\/p>\n","protected":false},"excerpt":{"rendered":"New York | KPMG, one of the world\u2019s largest auditors of public and private companies, negotiated lower fees&hellip;\n","protected":false},"author":2,"featured_media":470069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":{"0":"post-470068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/470068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=470068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/470068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/470069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=470068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=470068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=470068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}