The EU’s recent decision to release an updated code of practice to help companies better understand the AI Act’s transparency requirements demonstrates the pitfalls that organizations face when trying to comply with rules that many expect to be strictly enforced.
Artificial Intelligence
Posted inArtificial Intelligence
Compliance is not your AI bottleneck. Your operating model is.
The next phase of AI regulation will not wait for the Executive Branch, Congress, or the lawyer at the end of the release cycle. Compliance evidence has to be assembled while the system assembles, or it will not assemble fast enough.
Posted inArtificial Intelligence
New code for AI Act compliance will be ‘de facto’ standard, say experts
The European Union has issued updated guidance to help companies better understand—as well as comply with—the transparency requirements that underpin the bloc’s groundbreaking legislation aimed at ensuring safe AI use.
Posted inAccounting & Auditing, Artificial Intelligence, Finance, Top Stories, United Kingdom
Auditors who use AI cannot blame the tech for mistakes, says U.K. regulator
The U.K.’s audit regulator has issued what it says is the world’s first guidance on the use of generative AI and agentic AI in auditing. This sets out where AI should and shouldn’t be used in auditing, and why audit firms will not be able to blame the tech if it goes wrong.
Posted inBest Practices
AI, finance and the new compliance mandate in APAC
A new report tells a story that compliance professionals should read carefully. While the report focuses on finance leaders across Asia Pacific, the real lesson for compliance is much broader: artificial intelligence is no longer a future-state technology discussion. It is now an operating model, risk management, governance, and controls issue. For CCOs, that means AI must move from the innovation agenda to the compliance agenda.
Posted inArtificial Intelligence
U.K. joins global trend for AI-enabled regulatory supervision
The U.K. financial regulator is expanding its remit and planning to deploy AI to manage its increased workload. This is part of a global trend and has significant compliance implications.
Posted inOpinion
Gartner director Stuart Strome on how compliance can shift from the ‘no’ department to an instigator of innovation
AI governance is crucial to organizational innovation, according to Stuart Strome, director at Gartner. Businesses that lead corporate governance initiatives around AI will be better placed to manage regulatory risks and facilitate technological advances without increasing friction.
Posted inOpinion
The third party you forgot to vet: AI tools and the TPRM blind spot in manufacturing
AI tools are arriving through the back door of enterprise software — no contract, no due diligence, no TPRM trigger — and most manufacturing compliance functions have no idea they are already inside.
Posted inBest Practices
A framework for human-accountable automation in vendor oversight
Artificial Intelligence is accelerating the oversight of third parties, allowing for faster workflows, more consistency and more scalable decision-making. It may also help reinforce ethical standards by making certain checks more systematic.
Posted inArtificial Intelligence
Flops and successes: Experts at Compliance Week AI event share lessons learned with AI rollouts
A strength of artificial intelligence (AI) is its ability to detect patterns and trends in data. Organizations that deploy AI tools for that purpose have a good chance of success, especially if they employ the right guardrails.
