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Research Services into the use of artificial intelligence and other disruptive technologies in corporate reporting

Descriptions

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. Companies are using artificial intelligence (AI) and other disruptive technologies within their business operations. However, there is currently a limited understanding of, and evidence on, their use of AI and other disruptive technologies in the production of narrative/financial information in corporate reports ('corporate reporting'). The FRC is seeking research services into the use of artificial intelligence and other disruptive technologies in corporate reporting. This research project will gather evidence about the use of AI and other disruptive technologies in corporate reporting to inform FRC regulatory practice and policy. The research project will answer the following research questions: (1). What specific AI and other disruptive technologies are most commonly used in corporate reporting, and how are they being used? (2). How is the use of AI and other disruptive technologies in corporate reporting influencing changes to governance and audit processes? (3). How do companies believe their stakeholders perceive the reliability and transparency of corporate reports prepared with the use of AI? The research population will be companies that meet the UK Public Interest Entity (PIE) definition, i.e. those with transferable securities listed on a UK-regulated market, credit institutions, and insurance undertakings, and their finance and corporate reporting teams. The FRC does not anticipate tender bids over £70,000 excl. VAT . PLEASE SEE THE ATTACHED INVITATION TO TENDER FOR FULL DETAILS (including Suggested approaches). Information on registering an interest has been added. Submission address and any special instructionsPlease register your interest by emailing the FRC's procurement team - procurement@frc.org.uk The FRC will share all tender queries and answers with those that have registered. Your tender submission must be submitted within the deadline by email to procurement@frc.org.uk

Timeline

Published Date :

28th May 2025 4 days ago

Deadline :

8th Jul 2025 in a 1 month

Contract Start :

27th Jul 2025

Contract End :

31st Jan 2026

Tender Regions

Tender Lot Details

1 Tender Lot

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Workflows

Status :

Open

Assign to :

Tender Progress :

0%

Details

Notice Type :

Open opportunity

Tender Identifier :

IT-378-246-T: 2024 - 001

TenderBase ID :

310724019

Low Value :

£100K

High Value :

£1000K

Region :

North Region

Attachments :

Buyer Information

Address :

Liverpool Merseyside , Merseyside , L13 0BQ

Website :

N/A

Procurement Contact

Name :

Tina Smith

Designation :

Chief Executive Officer

Phone :

0151 252 3243

Email :

tina.smith@shared-ed.ac.uk

Possible Competitors

1 Possible Competitors