The Relationship Between Layoffs and the Audit-Consulting Debate

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The speakers discuss recent layoffs at accounting firms and delve into the connection between the audit and consulting businesses. They examine the economic sensitivity of consulting and debate the argument against separating the two, highlighting the future outlook for big four accounting firms amidst restructuring and uncertainty.

French immigration reforms put Emmanuel Macron’s leadership to the test, Pisa rankings show sharp decline in student attainment in maths and reading since 2018, India’s stock market is set to take Hong Kong’s spot among world’s largest, and Shohei Ohtani signs a record $700mn baseball contract with Los Angeles Dodgers.

Mentioned in this podcast:

UK students fall behind on core skills post-pandemic

EY to cut a further 150 UK jobs as Big Four firms grapple with waning demand

Shohei Ohtani signs record $700mn baseball contract with Los Angeles Dodgers

India’s stock market set to take Hong Kong’s spot among world’s largest

French immigration reforms put Emmanuel Macron’s leadership to the test

Credit: MLB.com

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Zach St. Louis. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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