Documenting AI-prepared work
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Evidence and documentation Documenting AI-prepared work
The UK's Financial Reporting Council Says Investigation Subjects Must Be Ready to Identify, Explain and Justify Their Use of AI
In its Annual Enforcement Review of July 2026, the Financial Reporting Council says it anticipates extensive scrutiny of the use of AI in financial reporting, audit and actuarial work in the year ahead, and lists "use of AI" among the communication channels in its advice on firms' data retention policies.
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Evidence and documentation Documenting AI-prepared work
Australia's Fair Work Commission Says People Who Use Generative AI to Help Prepare a Document for One of Its Cases Must Say So, Check It and State That They Did
A guidance note of the Fair Work Commission, published on August 24, 2026 and commencing on October 20, sets requirements for anyone who uses generative AI to help prepare a document to be lodged in one of its cases, and says the checking "must be done by a person."
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Evidence and documentation Documenting AI-prepared work
Such That Another Professional Can Understand: Australia's Auditing Standard Setter on AI Audit Tools, July 2025
In July 2025 Australia's Auditing and Assurance Standards Board set out considerations for auditors who use AI tools. Among them is documentation "Such that another professional can understand" the matters the page lists, including the design and use of the tool.
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Evidence and documentation Documenting AI-prepared work
What Should Be Found on the File: The UK Audit Regulator's Guidance on Documenting AI Tools, June 2025
In June 2025, the UK's Financial Reporting Council published an illustrative example and guidance on documenting tools that use AI in audits. The guidance "sets out expectations on what should be found on the file, and what can reasonably be documented centrally."
