Expert guidance emphasizes that AI risk management requires differentiation between governance and technology controls rather than blanket policies.
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IRS guidance clarifies that AI-using tax practitioners must verify outputs and maintain Circular 230 standards on diligence, competence, and confidentiality amid hallucination and data privacy risks.
The IRS released new guidelines on responsible AI use in federal tax practice, including warnings about hallucinations and made-up sources—prompted by Deloitte's citation of fake cases.
AICPA Engage report forecasts near-complete automation of accounting compliance by 2040, with deterministic AI agents reshaping the profession; industry leaders debate timeline and workforce implic...
AICPA's 2025 update pushes valuators to align models with actual market behavior rather than relying on theoretical precision, signaling a shift toward practical accountability in private company v...
AuditBoard argues GRC and internal audit teams are critical to mitigating AI risks and ensuring regulatory compliance as enterprises deploy AI systems.