Tuesday, February 19, 2019

UK Regulator Gives Its Views On Using AI In Corporate Reporting

FRC publishes thoughts on using artificial intelligence

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.

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