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Watch: Our call on accounting at a crossroads

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

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