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Major accountancy firms are vying to establish a new generation of audits designed to verify the effectiveness and safety of artificial intelligence systems. Deloitte, EY, and PwC have confirmed they are developing AI assurance services, aiming to leverage their established reputations in financial

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Once valued at $1.5 billion (£1.11bn), British AI startup Builder.ai is now initiating bankruptcy protection after revelations that its lauded artificial intelligence platform was significantly reliant on human engineers, primarily in India, rather than genuine AI automation. The company, know

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Scottish accountants are demonstrating a notably positive stance towards Artificial Intelligence (AI), embracing the technology more readily and with less concern than their global counterparts, according to new data from the ACCA (Association of Chartered Certified Accountants). The 2025 Global Tal

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The accountancy profession is undergoing a significant shift of artificial intelligence (AI) – but it’s important to see it for what it is: a tool to improve the way we serve clients, not to replace the personal service that lies at the heart of what we do, writes Kenneth McEwen. AI is h

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The Financial Conduct Authority (FCA) is seeking views from firms about how its live AI testing service can help them to deploy safe and responsible AI, which will benefit UK consumers and markets. The live testing service would be a new component of the FCA’s AI Lab, which has been supporting

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Glasgow-based artificial intelligence (AI) specialist FD Intelligence has secured £200,000 in funding from UKSE, a subsidiary of Tata Steel, to accelerate its growth within the financial services sector. Founded in 2021, the Finnieston firm initially offered consultancy before developing its o

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Lloyds Banking Group has announced it is strategically enhancing its artificial intelligence (AI) capabilities by training 200 senior leaders through an intensive 80-hour programme – "Leading with AI". Delivered in partnership with training provider Cambridge Spark and experts from Cambridge U

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The CEO of the Institute of Chartered Accountants of Scotland (ICAS), Bruce Cartwright CA, has written an open letter in response to former Chancellor Jeremy Hunt's suggestions that graduates should avoid accountancy as AI usage increases. Speaking on the Jimmy's Jobs of the Future podcast, Mr

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Edinburgh-headquartered Aveni.ai, a specialist in AI for financial services, has agreed a new partnership with Octopus Money. Following a successful trial, Octopus Money has adopted Aveni Detect and Aveni Assist across its adviser and coaching teams. Octopus Money’s model offers highly persona

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A significant majority of Scottish small and medium-sized enterprises (SMEs) have said they are prioritising artificial intelligence (AI) to enhance productivity, according to a recent survey by ClearSky Logic.

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