Deloitte initiates biggest global overhaul in a decade

Deloitte, a titan among the Big Four accounting firms, has set in motion its most significant global overhaul in a decade, as reported by the Financial Times. The primary goal is to reduce costs and streamline organization in anticipation of a market slowdown. This restructuring will consolidate Deloitte's main business units from five to four. Presently, the five units are: audit and assurance; strategy, risk and transactions; technology and transformation; tax; and legal.