AI Monitor:
Risk and responsibility.
Understanding the risks posed by Artificial Intelligence (AI) raises three key challenges for accounting professionals – identifying and managing AI risk as a user in any role, supporting a collaborative approach to risk management, and helping to understand and prepare for regulatory compliance.
Amid an advancing need to navigate between the hype and genuine benefits of AI, organisations and governments worldwide are grappling to better understand the risks and unintended consequences posed by AI.
AI risks are diffuse, which means – as discussed in our Risk Culture reports – a collaborative approach to risk management is ever-more vital. It’s no surprise then that the global regulatory landscape is also rapidly evolving, with over 300 laws and regulations in development across the world.
This report explores practical insights drawing on experience from industry leaders – providing actionable guidance to help accounting professionals manage the risks associated with AI.
Acknowledgements
Extra special thanks to Rashika Fernando and Alec Manning. But also, thanks to all members of the ACCA’s of Technology Global Forum:
Dev Ramnarine (Chair)
Alastair Barlow
Alex Falcon Huerta
Brad Monterio
Heather Smith
James Best
Krishna Chaitanya Maddula
Rashika Fernando
Reshma Mahase
Robert van der Klauw
Bilal Surahyo
Scott McHone
Alec Manning
Andrew Chong
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