Audit Quality Waning In the Big Four?

In the face of immutable technology, auditors could face a disrupted future where they are replaced by computers. So news like this one would certainly do the profession no favors.

"KPMG audits had shown an "unacceptable deterioration" and will be subject to closer supervision, the Financial Reporting Council said.
The FRC added all the Big Four - which also include PwC, EY and Deloitte - needed to reverse a decline."

Since the Carillion collapse earlier this year, public sentiment towards the Big Four in the UK has been very poor and there are calls for them to be disbanded. One wonders if this finding could be the straw that finally breaks the camel's back.