“It’s the Wild West out there” – Financial Times, July 2025
In an era where artificial intelligence is powering everything from customer service to credit decisions, the British Standards Institution (BSI) is set to lead the development of the world’s first international AI audit standard in July 2025.
As reported by the Financial Times, this new standard aims to impose consistency, independence, and transparency on the global AI auditing landscape, bringing much-needed structure to what one expert called “the Wild West” of AI compliance.
For top executives, this marks a turning point. The standard will provide a global benchmark for auditing AI systems, supporting regulatory preparedness, risk management, and public trust in high-stakes AI deployments.