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AI Standard of Care
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PCAOB

Accounting & Auditing AI Standard of Care

··12 mins
Industries Accounting AI Audit Automation PCAOB AICPA CPA Liability Tax AI Financial Reporting Professional Standards
The accounting profession stands at a transformative moment. AI systems now analyze millions of transactions for audit evidence, prepare tax returns, detect fraud patterns, and generate financial reports. These tools promise unprecedented efficiency and insight, but they also challenge fundamental professional standards. When an AI misses a material misstatement, does the auditor’s professional judgment excuse liability? When AI-prepared tax returns contain errors, who bears responsibility?