EY, KPMG, PwC, BCG Advocate for AI Regulations Following Deloitte's Report Error for Australian Government
Australian Financial Review
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- Date Published
- 7 Oct 2025
- Priority Score
- 3
- Australian
- Yes
- Created
- 8 Oct 2025, 05:36 pm
Description
Firms say they have strict vetting processes after Deloitte was forced to reissue a $440,000 report containing artificial intelligence-related errors.
Summary
The article highlights the fallout from Deloitte's faulty AI-involved report for the Australian government, which sparked concern among top consulting firms like EY, KPMG, PwC, and BCG about the stringent vetting of AI outputs. The report's reissue has prompted these firms to emphasize their ethical usage of AI and the checks implemented to prevent such errors, thereby underlining the significance of robust governance frameworks in AI applications. This incident connects to global discussions on AI governance, illustrating the importance of maintaining high standards to avoid potential AI-induced misinformation and errors in decision-making processes. Such events emphasize the necessity for greater regulatory frameworks to mitigate risks associated with AI, particularly in professional services that interact directly with the government.
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CompaniesProfessional ServicesConsultingPrint articleEdmund TadrosProfessional services editorUpdatedOct 8, 2025 – 7.10pm,first published at3.58pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginDeloitte’s consulting rivals say they have strict vetting processes in place to prevent the type of artificial intelligence-related errors that forced it to reissue a $440,000 report to the Albanese government.EY, KPMG, PwC and Boston Consulting Group said AI is used ethically within their firms and its outputs checked by advisers before being sent to clients. Deloitte and strategy firm McKinsey refused to comment on their use of AI.Loading...correction—An earlier version of this story misstated the source of a quote. It was from a spokeswoman for Workplace Relations Minister Amanda Rishworth, not the Department of Employment and Workplace Relations.Edmund Tadrosleads our coverage of the professional services sector. He is based in our Sydney newsroom.EmailEdmundatedmundtadros@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreConsultingAIDeloitteBig four consultantsEYKPMGPwCBCGConsulting toolsFetching latest articlesHow we shot the 2025 Power issueMatthew DrummondAustralia’s 10 most powerful people in 2025The year’s top 10 power players (that aren’t people)‘Superstars’ change jobs roughly every two years, says this CEOSally Patten, Iona Rennie and Rachael Bolton‘It was coming out in my sleep’: How the Medibank CEO combats stressFinally, women are leading some of the biggest deals in the countryWhat to exercise in now that leggings are deadEugenie Kelly5 places to run in South-East AsiaI visited a Thai wellness resort. It was nothing like The White LotusInsta-famous fitness app founders appoint tech veteran as new CEOYolanda RedrupInside a Young Rich Lister’s million-dollar home wellness spaceHow two waiters turned $500 into a global events company