The Tuesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

RSM cuts tax and kills billing team

RSM is cutting jobs again and this round starts with tax. No numbers yet but staff got the heads up from tax boss Tony Urban. The real punch is in billing though. That whole team is being axed as RSM ships the work to India.

It is the same story we have seen before. Quiet layoffs here growth over there. No word yet if more is coming but if you are at RSM you are probably refreshing your inbox a lot this week.

Source: Going Concern

💎 What’s poppin in accounting

KPMG Launches AI Trust Services

KPMG launched AI Trust, a new service that helps companies make sure their AI systems do not break laws or spark lawsuits. It covers the full AI life cycle from the moment you start building to how it runs and checks for risks, privacy issues, security gaps, and compliance screwups.

It is built using KPMG’s own framework plus tech from ServiceNow. Basically, they want to be the people companies call when their AI projects get too big too risky or too messy to manage alone.

Source: Inside Public Accounting

 📊 Weekly Trend Chart

Nestlé wants out of the water business

Nestlé’s water division pulled in just 3.5 billion dollars last year, tiny compared to coffee at 27 billion and pet food at 21 billion. Now Nestlé is spinning it off. They hired Rothschild to help sell the unit, which includes Perrier and S Pellegrino, and could fetch over 5 billion euros.

The move is part of a bigger shakeup. The new CEO wants to double down on Nestlé’s top performers and ditch the distractions. Water just didn’t make the cut.

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