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Accountants & Accounting Firms

AI Compliance for Accountants

Accounting firms increasingly rely on AI for automated auditing, tax classification, and financial reporting. Under the EU AI Act, AI systems that influence financial decisions carry compliance obligations. Deadline: 2 August 2026.

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AI Risk Areas for Accounting Firms

Automated Auditing

AI tools that identify anomalies, assess materiality, or flag audit risks must meet transparency and accuracy requirements under the AI Act.

Tax Classification AI

AI systems that categorise expenses, determine tax treatments, or automate filing carry risk when they influence financial outcomes for clients.

Financial Reporting

AI-generated financial reports and forecasts must be explainable, especially when relied upon for investment or lending decisions.

Client Risk Scoring

AI-driven client risk assessment and engagement acceptance tools require bias testing and human oversight under the Act.

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Ensure Your Firm's AI Tools Are Compliant

Get ahead of EU AI Act requirements with expert compliance guidance tailored to accounting practices.

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