AI and Ethics

by Julia Penny

AI is transforming how we work, offering unprecedented efficiency and insights, but also significant ethical challenges. How do we ensure AI operates fairly, transparently, and in alignment with professional standards? Find out how to harness AI responsibly while upholding the integrity and trust central to the accounting profession.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

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This course will enable you to

  • Identify and apply core ethical principles and governance frameworks relevant to AI in accounting
  • Identify key risks of AI in accounting
  • Understand responsibilities related to privacy, data security, transparency, and accountability in AI systems
  • Identify different forms of bias
  • Build trust in your organisation's AI tools and systems

About the course

As AI becomes integral to finance and accounting, understanding its ethical implications is crucial. Implementing AI in accounting requires more than just technical know-how – it demands an ethical mindset.

Not all AI tools are created equal; their effectiveness depends on aligning with ethical standards and business needs. The future of finance lies in the synergy between AI and human expertise, known as "hybrid intelligence".

This course explores prominent AI systems and the ethical considerations they raise, helping you assess whether an AI solution is both effective and ethically sound. It will help you identify key risks and take steps to mitigate them.

Look inside

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Contents

  • Why ethics in AI matters
    • Defining AI
    • What we mean by AI
    • Ethical concepts and AI
    • Accounting ethics
    • A closer look
    • Wider ethical issues
    • Frameworks and principles for AI
  • Using AI in an ethical way
    • When to use AI
    • AI and reporting
    • Creating financial reports
    • Key considerations for audit
    • Undertaking audit work
    • The danger of bias
  • Ensuring AI is fit for purpose
    • Assessing the risks
    • Privacy and data security
    • Ensuring accuracy
    • Accountability
    • Taking responsibility
    • Accessibility
    • Transparency and explainability
  • Hybrid intelligence
    • Building trust in AI
    • Incorporating ethics into AI tools
    • How to spot bias
    • Sources of bias
    • Algorithmic and cognitive bias
    • AI ethics committees

How it works

Author

Julia Penny

Julia Penny was President of ICAEW in 2022-2023, having been a non-executive ICAEW Board member since 2017 and Chair of the Board during her year as President. Julia is a well-known speaker and writer on audit, financial reporting, anti-money laundering and wider issues impacting the profession.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
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