AI and Ethics

by

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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

AI and Ethics

£100 +VAT

4 CPD Course 120 days’ access
Use ACPD101 for 10% off any purchase.

AI and Ethics

This course is not currently available. To find out more, please get in touch.

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.

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

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.