Blog
Financial abuse and dementia
Sophie Mass
22 April 2026
Navigating Generative and Agentic AI: The FRC’s Latest Expectations for Auditors
The use of generative and agentic AI in audit is increasing rapidly as accountancy firms seek to improve efficiencies in audit engagements. The development of regulatory guidance has however largely trailed behind the pace of innovation, with little formal guidance on this topic issued since last July when the FRC published its “landmark” guidance on AI in audit. That guidance was an important first step in providing a “coherent approach” to AI deployment, and provided insight into the documentation requirements for AI tool development that the FRC expected to see.
13 January 2025
Changes for accountancy firms to keep a close eye on in 2025
From an increasing spotlight on private equity investment to substantial changes in the ICAEW’s Code of Ethics, 2025 is shaping up to be a year filled with both opportunities and challenges for the accountancy and audit sector. What key areas should accountancy firms keep a close eye on over the coming year?
21 January 2022
What will 2022 bring for audit and accountancy regulation?
Seismic shifts in the audit and accountancy regulatory landscape were set in motion last year, which are expected to continue to take shape and impact the sector during 2022.
1 March 2021
Audit reviews: the process, pitfalls and published themes – a focus on FRC Audit Quality Reviews
In the second blog of our audit series, Julie Matheson and Sarah Harris discuss the FRC’s recent Audit Quality Inspection report, describe how the FRC uses its powers to uphold audit quality and provide some tips on what to do if the FRC opines that one of your firm’s audits needs more than limited improvements.
16 July 2020
Audit reviews: the process, pitfalls and published themes
Audit is more in the spotlight than ever. The financial news pages seem to have a constant stream of stories about corporate collapses, with the inevitable commentary about how the auditor of the collapsed entity is likely to face a regulatory investigation.