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ACCOUNTING PRACTICES
Compliance deadline: 2 August 2026

AI Compliance for Accounting Practices

Automated auditing, tax classification AI, and MTD compliance tools — understand your EU AI Act obligations before enforcement begins

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High-Risk AI Use Cases in Accounting

Automated Auditing

AI systems that perform or assist with statutory audits are high-risk when their outputs affect financial reporting and compliance decisions

High-Risk

Tax Classification AI

AI-driven tax categorisation and assessment tools must meet transparency and accuracy requirements when determining tax obligations

High-Risk

MTD Compliance Automation

Making Tax Digital tools that automate quarterly submissions and HMRC reporting require robust governance and human oversight protocols

Oversight Required

Client Risk Assessment

AI systems that profile or categorise clients for risk purposes fall under high-risk provisions when affecting service access or pricing

Potentially High-Risk

Document Processing

Automated invoice extraction, receipt classification, and financial document analysis must be auditable and explainable under the AI Act

Auditability Required

Regulatory Context: ICAEW & Accountancy Europe Guidance

Accountancy Europe has published guidance on AI governance for the profession, emphasising the need for ethical frameworks and human oversight in AI-assisted decision-making.

ICAEW has highlighted the ethical considerations of AI in accounting, including data quality, bias in automated systems, and the professional responsibility to maintain competence when deploying AI tools.

The EU AI Act introduces a new compliance layer on top of existing professional obligations. Accounting firms using AI for auditing, tax, or client assessment must align with both ICAEW/ACCA standards and AI Act requirements.

Our Compliance Services for Accounting

Assessment

AI Compliance Audit

Comprehensive review of your AI tools and workflows against EU AI Act requirements. Identify high-risk use cases across auditing, tax, and client management systems with a clear remediation roadmap.

From £5,000
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Ongoing

Ongoing Retainer

Continuous compliance monitoring, regulatory updates, annual re-assessments, and dedicated support as the EU AI Act and HMRC digital requirements evolve.

From £1,500/month
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Ensure Your Accounting AI Systems Are Compliant

The EU AI Act enforcement deadline is approaching. Understand your obligations across auditing, tax classification, and client assessment AI before August 2026.

Book a Compliance Consultation