UK Regulator Gives Its Views On Using AI In Corporate Reporting
The Financial Reporting Lab of UK audit regulator the Financial Reporting Council (FRC) has published a new report into the use of artificial intelligence (AI) in corporate reporting.
Entitled Artificial Intelligence – How does it measure up? the report explains what AI is and how it can practically be used in respect of corporate reporting by:
- Finance teams e.g. to prepare corporate reporting information; and
- Investors e.g. to find specific corporate information.
The report also highlights some of considerations that corporate boards need to think about when using AI.