There have been grave dislocations of communications, of industrial, economic, and financial functions.

The chief executive and financial functions devolved upon the owners-Messrs

Orr will be responsible for all city financial functions, the city's restructuring process through bankruptcy court and the Detroit Police Department.

Prior to his death, Al-Braikan was considered a respected figure in Kuwaiti money management, and was a familiar figure at high-level financial functions.

Today's report by PwC and the Association of Chartered Certified Accountants (Acca) finds that financial functions at firms face swift change driven by new technologies.