This is the consolidated view of findings. Click the Citation IDs or 'see details →' on any item for the full details for each finding.
When a Compliance team at a Management & Risk Consulting firm uses AI to draft a methodology note on the CPMI-IOSCO Level 3 general business risk assessment, AI assistants we tested stated the assessment ran through 2024 — omitting the April 2025 findings-sharing phase documented in the primary report. A methodology note carrying that error, incorporated into a client's regulatory engagement summary, misrepresents to the client's regulator when the CPMI-IOSCO process formally concluded and how findings were validated with participating FMIs.
The consulting firm owns the factual inaccuracy in the delivered work product, and remediation requires a corrected submission, client notification, and an account of how the error entered the document — a sequence that surfaces in client relationship reviews and, where the firm operates under regulated advisory obligations, potentially in its own compliance record.