In this introductory session, we delve into the crucial topic of trust in AI, exploring its significance for the accounting profession and society at large. Through a dialogue format, we will address foundational questions about AI:  

• What is AI and why should we care about it?
• How does AI impact our profession as well as our daily lives?
• Why is trust in AI essential, and how can finance professionals help foster it?  

Join us as we unpack these questions, drawing insights from recent studies to understand the socio-technical challenges and opportunities presented by AI. 

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AI's implementation in finance heralds unprecedented advantages, optimising operations, and enabling data-driven decision-making. It streamlines transactions, enhances risk assessment, and tailors personalised investment strategies, revolutionising the industry's efficiency. 

Yet, ethical quandaries and inherent risks persist. AI's opacity and susceptibility to biases pose ethical dilemmas, potentially exacerbating financial disparities. Moreover, reliance on AI systems introduces risks of errors or algorithmic malfunctions, impacting market stability and investment outcomes. Balancing the transformative potential of AI with ethical considerations and risk management is vital for responsible financial innovation, necessitating comprehensive frameworks to ensure AI aligns with ethical principles and regulatory compliance, safeguarding financial integrity and consumer trust. 

In this session, Edward Achtner, head of Office of Applied Artificial Intelligence (OAAI) at HSBC will explore strategies to navigate AI hallucination, striking a balance between human decision-making and AI to ensure corporate compliance and uphold a robust code of conduct. Leveraging HSBC's industry-leading practices as case studies, he will provide invaluable insights into this evolving landscape, offering participants a deeper understanding of this crucial subject. 

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Navigating the path to AI adoption can be a complex journey. In this session, a panel of experienced professionals who have successfully integrated AI into their organisations will share their stories.

These leaders will discuss, from a non-technical perspective, how their organisations are identifying opportunities, overcoming challenges, and planning future steps in their adoption journey.

The panel aims to provide practical, accessible insights, highlighting real-world examples and strategies that can help organisations make informed decisions about integrating AI into their operations.

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As the workplace rapidly evolves, driven by technological advancements and automation, the landscape of job roles is undergoing a significant transformation. Join this session where we’ll explore the shift in skills requirements and the crucial role of human oversight in this dynamic environment.

Throughout our discussion, we’ll emphasise the importance of human oversight. And that despite technological advancements, human intuition, ethics, and creativity remain indispensable. By placing humans at the centre, we can ensure that technology serves as an enabler rather than a replacement, fostering a collaborative future where both technology and human capabilities thrive.

In this session, we’ll also explore:

• the automation of routine tasks
• enhanced decision making
• risk management and fraud detection
• customer service and personalisation
• regulatory compliance
• cost reduction
• financial modelling and forecasting.

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Join this panel discussion to hear from the conference session speakers to discuss questions around the role of the professional accountant, skills development and strategic change, and, most important – we take your questions!  

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Accountants need to understand the transformative role of artificial intelligence in business and finance as we step into 2024. In this session we cover:

• automation in financial operations: explore how AI-driven automation is enhancing efficiency and accuracy in financial tasks, from transaction processing to intelligent process automation (IPA)
• risk assessment and fraud detection: understand the advanced AI methodologies used for identifying risks and anomalies in financial transactions and how AI is reshaping risk management strategies
• streamlining business processes: discover AI's impact on optimising internal business operations, including supply chain management, HR functions, and customer relationship management.

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Large Language Models (LLMs), or Generative AI, were developed for translation of languages but turn out to be surprisingly effective in many other applications.

In this webinar, experts will provide a general, non-technical introduction to the latest exciting development in this technology, how these models are created and how they work, and some of the opportunities and challenges associated with them. In addition, they will explore the risks that may arise, and discuss how ACCA members may make best use of the technology.

We aim to provide you with high-level answers to the following:

• What is AI and Machine Learning?
• What are Large Language Models and how do these work?
• What are their potential applications?
• Are there problems or issues with using them?
• What are the risks?
• How should ACCA members who are sole practitioners or who work for small enterprises best make use of the technology?

The webinar will be presented by Professor Peter McBurney and Dr David Kohan Marzagão, who both teach and undertake research in AI in the Informatics Department at King’s College London. 

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If you are interested in learning more about the latest developments in conversational AI, you will want to join our upcoming webinar on chat GPT, Google Bard and Bing Chat.

These are three of the most advanced and popular chatbots that use different AI language models to generate natural and engaging responses.

In this webinar, we will compare and contrast their features, capabilities, strengths and weaknesses, and show you some examples of how they can be used for various purposes.

You will also have the opportunity to learn how this Chat Bots work and examples will be demonstrated on all 3 platforms.

Don't miss this chance to discover the state of the art in conversational AI and how it can benefit you and your business.

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As artificial intelligence sweeps the business landscape, professional accountants face balancing a pro-innovation attitude with a proportionate risk response. While organisations value the potential of AI, issues of accountability, ethics and trust need careful consideration. Our panel of experts will guide attendees through the maze of competing AI opinions and set out how a multi-stakeholder solution can ensure alignment between the benefits and risks of AI.

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As the role of automation and AI technologies evolve, they will increasingly define the accounting landscape. Recent exciting developments around generative AI show that it can help lower existing barriers to the introduction of predictive and cognitive analytics to support various finance activities. Our panel will explore how generative AI can be used to enhance skillsets, implement new solutions, and the challenges that must first be confronted to ensure safe and ethical use.

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