The 'Big Four' accounting firms; Deloitte, EY, KPMG and PwC, are leading a race to develop audits for artificial intelligence (AI) products. The aim is to ensure the logic, fairness and reliability of AI systems amid growing AI adoption and associated risks, while satisfying regulatory pressures and market demand, and setting global standards for this yet immature field.
If you thought the only drama in the accounting world was who tops the UK auditor rankings, think again. Yes, PwC just edged out BDO for the top spot among auditors for UK-listed companies, reinforcing its blue-chip status. But behind the scenes, there’s...
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