Quartz’s Walter Frick and Michael Rapoport, author of this week’s field guide, discuss accounting at a crossroads. They talk about the state of the audit industry and how it’s changing, including:

• Why auditors prefer the consulting business, and why critics say that’s a problem
• Whether the “Big Four” should be broken up
• How technology can improve auditing
• Why regulators in the UK are cracking down on the audit business