AI is exciting audit firms — maybe too much

Big Four accounting firms are betting big on AI for auditing, but FT pours cold water on the hype. They're using AI to review accounts, flag anomalies, and draft reports. The catch: AI makes mistakes too, and auditors can't fully trust it. So costs are high, efficiency gains are modest, and regulators are watching. The article doesn't give specific numbers but nails the core tension—AI in auditing is more a tool that needs auditing itself than a savior.