Roche Restricts Consulting Work With Big Four Firms to Cut Costs

Roche Holding AG is reining in spending with the Big Four accounting firms and will require any future consultancy work to be pre-approved by the Swiss drugmaker’s chief financial officer.

Roche’s new policy applies to Deloitte, PwC, EY and KPMG LLP with immediate effect, the company said in a statement in response to questions from Bloomberg. It’s a fresh sign of how companies are cutting back on advisory fees due to cost pressures including the rise of artificial intelligence.

Existing engagements can continue but any extensions to current work or new projects will require a green light from CFO ...