FRC becomes first regulator globally to publish agentic AI audit guidance
The Financial Reporting Council has published the first regulator-led guidance globally on how audit firms must manage generative and agentic AI risks. The framework identifies three distinct risk mec...
UK law firms lead global AI adoption with emphasis on training investment
UK law firms are distinguishing themselves from international competitors through systematic investment in AI training and professional development. Two-thirds of surveyed firms now rate their AI expe...
FCA launches Mills Review of AI impact on retail financial services
The FCA has commissioned a comprehensive review of how advanced artificial intelligence will reshape retail financial services, consumer outcomes, and market dynamics. Led by Sheldon Mills, the review...
FRC publishes world-first audit AI risk guidance for accountancy firms
The Financial Reporting Council has released groundbreaking guidance specifically addressing the risks and opportunities of generative and agentic AI in audit work. Published 30 March 2026, the guidan...