Tag: Big Four accounting firms

AISoftwareStartups

DataSnipper CEO Discusses AI Transformation in Auditing Industry on EU-Startups Podcast

DataSnipper CEO Vidya Peters shares insights on automating audit workflows with enterprise-grade AI technology. The Dutch unicorn recently achieved a $1 billion valuation and serves major clients including the Big Four accounting firms and Fortune 500 companies.

Audit Automation Platform Reaches Unicorn Status

DataSnipper, the Netherlands-based audit automation platform, has achieved significant market traction with over 600,000 professionals across 2,000 customers in 175 countries, according to recent reports. The company, which reached a $1 billion valuation following a $100 million Series B round led by Index Ventures in 2024, has been named the fastest-growing company in the Netherlands for two consecutive years, sources indicate.

by Tyler Brooks P.E
BusinessRegulation

Deloitte Reaches $34 Million Settlement Over Nuclear Project Audit Controversy

Deloitte has reportedly agreed to pay $34 million to resolve claims related to its audit work for a failed nuclear power project in South Carolina. The settlement comes after years of litigation alleging the auditing firm missed warning signs about the troubled construction project.

Major Settlement Reached in Nuclear Project Audit Case

Accounting giant Deloitte has reportedly agreed to pay $34 million to investors who claimed the firm’s audit work failed to identify problems with one of the country’s largest nuclear power projects before its collapse, according to documents filed in South Carolina federal court.

by Megan Carter
Arts and EntertainmentBusiness

EY Reports 4% Revenue Growth as AI Consulting Offsets Deal Slowdown

EY has reported 4% annual revenue growth to $53.2 billion, with artificial intelligence consulting showing strong performance. The firm’s strategy and deal advisory business contracted amid global economic uncertainty, according to the financial report.

EY Posts Modest Revenue Growth Amid Shifting Business Landscape

Professional services firm EY has reported a 4% increase in annual global revenue, reaching $53.2 billion for the year ending June 2024, according to the company’s financial announcement. The growth reportedly came as artificial intelligence consulting work helped offset declines in the firm’s strategy and deal advisory segments.

by Megan Carter