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The Financial Reporting Council (FRC) has asked the Big Four to show what measures they have put in place to stop professionals from using generative AI tools to cheat on exams.
According to reports from The Telegraph, the accounting watchdog has stated that it is “working closely” with Britain’s biggest firms to ensure they have robust systems in place to prevent cheating.
It is understood that KPMG warns employees before and during mandatory audit training that cheating with AI is not permitted and anyone caught doing so could lose their job.
Deloitte also tells students that using AI tools during exams is not permitted and will be considered gross misconduct.
The Institute of Chartered Accountants in England and Wales (ICAEW) stated it is also working proactively with regulators to monitor exam malpractice.
An ICAEW spokesperson told The Telegraph: “Our exams are always moving towards replicating the skills required in the current and future professional accountancy environment. However, we are constantly monitoring the use of AI and the risk that it poses.”
