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You can't blame AI for mistakes, regulator tells auditors
The UK's accountancy regulator has told auditors they cannot blame AI for audit failures as it published what it called the world's first guidance on how the firms should use the new technology.
You can't blame AI for mistakes, regulator tells auditors
You can't blame AI for mistakes, regulator tells auditors Posted 2026-03-30, Financial Times Headlines photo
UK Watchdog Issues First Guidance on Generative AI in Audit
The UK's audit watchdog published guidance Monday on the use of certain artificial intelligence tools in reviews of corporate financial reporting, in what it called a world-first for a regulator.
UK Introduces AI Audit Standard to Regulate Industry Practices - London ...
The United Kingdom has launched a new AI audit standard designed to rein in unregulated operators in the artificial intelligence sector, aiming to curb what officials describe as a 'wild west' environment. The framework seeks to impose accountability on boutique AI firms that have rapidly emerged to capitalize on surging demand, often without adhering to robust safety, transparency, or ethical ...
