---
title: "Research Services into the use of artificial intelligence and other disruptive technologies in corporate reporting"
ocid: "ocds-h6vhtk-0527c3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0527c3"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0527c3.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0527c3.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2025-11-11"
---

# Research Services into the use of artificial intelligence and other disruptive technologies in corporate reporting

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-0527c3

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## Summary

The Financial Reporting Council Limited, a central government public authority based in London, has completed a procurement process for research services into the use of artificial intelligence and disruptive technologies in corporate reporting. This procurement process, identified as FRC2025-066, falls within the research and development services industry category, focusing on enhancing corporate governance and audit processes. The contract was awarded to the University of Lancaster, with the contract period running from 15th October 2025 to 31st March 2026, with potential extensions up to July 2026. The open procurement method applied was under the 'Below threshold - open competition' category, with the final contract value totalling £64,065 excluding VAT. The research aims to inform FRC regulatory practice and policy by gathering evidence on the use of AI in corporate reporting.

This contract presents significant opportunities for organisations in the research and consultancy sectors, particularly those with expertise in artificial intelligence and corporate governance. Small and medium enterprises (SMEs), as well as large firms, could find substantial opportunities in future research services similar to this project. Companies with capabilities in innovative technological applications and a track record in financial consultancy would be well-suited to compete, especially if they can offer competitive approaches and pricing. Additionally, the requirement for businesses to have relevant personnel experience provides an advantage to those with established teams who have a robust methodological grounding in AI and governance research.

## Notice

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. Companies are using artificial intelligence (AI) and other disruptive technologies within their business operations. However, there is currently a limited understanding of, and evidence on, their use of AI and other disruptive technologies in the production of narrative/financial information in corporate reports ('corporate reporting'). The FRC is seeking research services into the use of artificial intelligence and other disruptive technologies in corporate reporting. This research project will gather evidence about the use of AI and other disruptive technologies in corporate reporting to inform FRC regulatory practice and policy. The research project will answer the following research questions: (1). What specific AI and other disruptive technologies are most commonly used in corporate reporting, and how are they being used? (2). How is the use of AI and other disruptive technologies in corporate reporting influencing changes to governance and audit processes? (3). How do companies believe their stakeholders perceive the reliability and transparency of corporate reports prepared with the use of AI? The research population will be companies that meet the UK Public Interest Entity (PIE) definition, i.e. those with transferable securities listed on a UK-regulated market, credit institutions, and insurance undertakings, and their finance and corporate reporting teams.

### Lot Information

Lot 1

Options: Additional research services of the same nature.

Renewal: Four months extension

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/072678-2025 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Below threshold - open competition |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Nov 2025 |
| Submission deadline | 8 Jul 2025 |
| Future notice date | Not specified |
| Award date | 14 Oct 2025 |
| Contract period | 14 Oct 2025 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £65,000 |
| Lots value | £65,000 |
| Awards value | Not specified |
| Contracts value | £64,065 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 9GE |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Blackwall & Cubitt Town |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | UNIVERSITY OF LANCASTER |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 11 Nov 2025 at 10:40 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/072678-2025
- 29 May 2025 at 14:18 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/028529-2025
- 28 May 2025 at 11:01 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/028041-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/072678-2025
  11th November 2025 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/028529-2025
  29th May 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/028041-2025
  28th May 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-1717
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-1718

## Notice URLs

- http://https//www.lancaster.ac.uk
- http://www.frc.org.uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0527c3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0527c3.json.