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Going full circle on consulting


As accounting firms face the prospect of a slowdown in external auditing, many are moving back into the consulting sector, an area they deserted in droves in the the early 2000s. PwC, KPMG and EY have all been forced to reinvest heavily into the sector in attempt to catch up with Deloittes which held onto its consulting arms during that period. PwC in particular has been active in the merger and acquisition area, while all firms have been body snatching with enthusiasm in the digital and wealth management space.. The demand driving the accounting firms’ rethink is a surge from businesses desperately seeking new digital and data strategies as the century unfolds.

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