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New research commissioned by the Financial Reporting Council has revealed that artificial intelligence is already playing a significant role in corporate reporting—but governance and oversight are not always keeping pace.

The research, conducted by Lancaster University, surveyed 103 organisations and included interviews with 39 senior corporate reporting and Investor Relations professionals. It found that 39% of organisations are already using generative AI in corporate reporting, while a further 31% are piloting the technology.

For most reporting teams, AI is currently being used to support process-intensive tasks such as data extraction, reconciliation, compliance checking, benchmarking and the analysis of investor communications. Its use in producing strategic narrative and forward-looking commentary remains more limited.

However, the findings also identify areas that may require greater board attention. Only 44% of surveyed companies have mandated human oversight of AI-generated content, despite interviewees widely recognising human review as essential. In addition, 24% of generative AI users reported using publicly available tools alongside company-approved platforms, potentially creating risks around confidential information and data governance.

For boards, audit committees and reporting teams, the message is clear: AI can improve efficiency, but it must operate within appropriate controls. Companies should understand where AI is being used, establish clear acceptable-use policies, define responsibility for its outputs and ensure that content is properly reviewed and validated.

AI may support the reporting process, but accuracy, regulatory knowledge, judgement and an authentic corporate voice remain fundamentally human responsibilities.

Perivan supports listed companies throughout the annual reporting process, helping them create accurate, engaging and user-focused corporate communications.

Read our full article for more on what the FRC research means for corporate reporting teams.