WEEKLY EDITION BY MARINA MOUKA

Welcome to your latest Accountancy Age’s Weekend Digest, your go-to source for the week’s top insights and updates tailored for accountants.

NEWS

Former EY and PwC execs launch firm to challenge Big Four in UK

Unity Advisory, a new UK-based firm launched by former EY and PwC executives, is aiming to disrupt the dominance of the Big Four.

Backed by private equity firm Warburg Pincus, Unity targets mid-sized businesses (£500m–£1.5bn turnover), offering tax, accounting and M&A services—excluding audit to avoid regulatory conflicts.

Led by Steve Varley and Marissa Thomas, the firm promises a more agile, AI-powered alternative to the larger players, with innovative pricing and a client-first approach.

Amid scandals and client dissatisfaction affecting the Big Four, Unity’s launch reflects a broader industry shift towards tech-driven, private equity-backed models in professional services.

INSIGHTS

Is agentic AI the future of tax and accounting efficiency?

Agentic AI is emerging as a transformative force in tax and accounting, moving beyond automation to act autonomously—managing complex, multi-step processes like tax filings and audits with minimal human input.

Unlike traditional AI, it can reason, decide, and execute in real time, freeing accountants to focus on strategic planning and client advisory. While its potential is significant, the technology raises pressing concerns around data governance, regulatory compliance, and professional oversight.

Firms must rethink their workflows, invest in new skills, and build trust in AI systems. This shift from AI as a tool to a collaborative partner could redefine professional value.

NEWS

Grant Thornton expands reach with new global partnerships

Grant Thornton Advisors has announced a major international expansion, adding Grant Thornton UAE, Luxembourg, and Cayman to its global platform.

This move follows its 2024 alignment with Grant Thornton Ireland and will bolster its capabilities across audit, tax, and advisory services in key sectors including banking, asset management, and energy.

Now spanning over 50 offices and 13,000 professionals globally, the network aims to offer a more unified client experience.

Backed by private equity firm New Mountain Capital, the expansion supports Grant Thornton’s strategy to lead in the global advisory market. Deals in Luxembourg and Cayman remain subject to regulatory approval.