REGULATION · US
California establishes first U.S. framework for independent AI auditor licensing
California Governor Newsom signed two bills creating the nation's first regulatory regime for independent AI verification organizations. The framework mandates licensing and oversight of auditors who assess AI risk—moving beyond requiring companies to self-audit to regulating the auditors themselves.
WHY IT MATTERS
Sets precedent for auditor credentials and liability in BFSI; other states and EU likely to follow, creating new compliance role and potential cost for regulated financial institutions deploying AI.
Source: PYMNTS · 2026-09-11