Oversight and accountability
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PCAOB Staff Say Audit Committee Chairs Are Increasingly Seeking Insights From Their Auditors on AI's Potential Impacts on Financial Reporting
In a Spotlight of April 2026 on its conversations with more than 250 audit committee chairs, the PCAOB's staff report that chairs expressed concerns about "staff preparedness to detect fraud that might be facilitated with the use of artificial intelligence (AI)," and that several asked how AI implementation by audit firms would affect fees.
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Cannot Be Delegated to Software: The Texas Accountancy Board on AI and the CPA, August 2026
In its report of August 2026, the Texas State Board of Public Accountancy says a Texas CPA "remains responsible for all work product" and that "Professional responsibility cannot be delegated to software." The state's Public Accountancy Act and the board's Rules of Professional Conduct "do not specifically address generative AI," it says, but "existing professional obligations apply regardless of the technology used."
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Critically Assess AI-Generated Outputs: What Canada's Audit Regulator Heard From Audit Committees in 2026
In July 2026, Canada's audit regulator published insights gathered in its outreach to audit committees. On their auditors' use of AI, the committees are interested in how firms are "building challenge and validation functions into their AI-enabled audit processes."
