AI has driven massive change in three years, but governance hasn’t kept up, creating integrity and compliance gaps. Risks from hallucinations, misunderstood outputs, and democratized use are now clearer, while some organizations are cutting soaring AI costs.
EY
Posted inAccounting & Auditing
U.K. increases fines for poor audit practices while audit firms criticized for poor practices and quality failures
U.K. audit regulator, the FRC, has fined audit firms and their partners $17.37 million for audit misconduct over the past year.
