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UK Introduces First International AI Audit Standard Effective July 31
UK Introduces First International AI Audit Standard Effective July 31
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BTCCSquare news:
The UK will implement its AI audit standard on July 31, targeting unregulated practices in the rapidly evolving artificial intelligence sector. Developed by the BSI, the framework establishes rigorous requirements for assessing AI systems' reliability, fairness, and safety—addressing concerns about auditor independence as many providers simultaneously develop AI technologies.
This MOVE follows the Financial Reporting Council's June 2025 guidance on AI implementation in audits, creating a dual regulatory approach. The standard arrives amid growing global scrutiny of AI risks, including hallucination errors and compliance challenges, while attempting to balance innovation with accountability.
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