AI Adoption in Auditing Aims to Boost Efficiency, But Firms Commit to Workforce Stability
Despite the growing role of artificial intelligence (AI) across industries, the Big Four accounting firms in Singapore have no plans to reduce their audit teams. The adoption of AI in auditing is seen as a way to streamline processes and enhance efficiency, rather than a means of downsizing.
While some global counterparts, such as KPMG in the US, have faced job cuts, with the company laying off hundreds of auditing staff, Singapore’s Big Four firms are taking a different approach. Despite research indicating that AI poses a risk to accounting jobs, especially in repetitive tasks, local firms remain committed to workforce stability and growth.
Earlier this year, PwC in the US also announced plans to cut 1,800 jobs as part of broader restructuring efforts, but these moves were not attributed to the integration of AI. In Singapore, however, the firms continue to focus on workforce expansion, training, and the upskilling of their staff to meet the demands of new technologies, ensuring that AI serves as a tool to support their teams rather than replace them.
