Why AI needs ethics

Why are accountants so important in an AI-enhanced world?

They enable people to rely on professional expertise and ethics without doing their own research

Accountancy was an early adopter of AI so understands the issues better

AI will never be able to replicate the work of accountants

Accountants have not adopted AI so are more trustworthy

In what ways does the use of AI impact on trust?

It raises questions around data, accountability and reliability

AI cannot be trusted to understand nuance in human behaviour

AI in its current form cannot deal with large amounts of data

Human error makes AI data unreliable

Which of the following statements is true? Statement 1, in order to mitigate the risks of using AI in a business, existing practices may already provide enough oversight, or statement 2, in order to mitigate the risks of using AI in a business, existing practices will always be inadequate

Neither statement

Statement 2

Both statements

Statement 1

Which two interlinked elements does ACCA’s AI Monitor report explore?

The use of chatbots and human interaction

The impact of AI on accounting standards

The impact of AI on ACCA’s Rulebook

The application of technologies and human interaction

Why could over-reliance on AI tools be problematic?

It could blur the lines of accountability

AI technology is constantly changing

Accountants will lose their skills

If an error occurs it will be difficult to establish why

According to the report, what sort of challenge should trust be viewed as?

Techno-professional

Socio-professional

Psycho-technical

Socio-technical

Where AI is used for compliance or reporting, what element(s) should be given the highest priority?

Speed

Impact

Explainability and interpretability

All of the other answers

Which of the following statements is true? Statement 1, governance mechanisms refer to the use of AI across the organisation, or statement 2, governance mechanisms refer to the clear policies for use of AI systems

Statement 1

Neither statement

Both statements

Statement 2

According to the AI Monitor report, what can “provide a technical backbone in critical use cases”?

Data governance framework

All the other answers

Detailed audit trails

Machine learning operations

Which of the following disciplines does the report NOT suggest should be part of a cross-functional collaboration at boardroom level?

Legal

Data science

Risk management

HR

Why are accountants so important in an AI-enhanced world?

In what ways does the use of AI impact on trust?

Which of the following statements is true? Statement 1, in order to mitigate the risks of using AI in a business, existing practices may already provide enough oversight, or statement 2, in order to mitigate the risks of using AI in a business, existing practices will always be inadequate

Which two interlinked elements does ACCA’s AI Monitor report explore?

Why could over-reliance on AI tools be problematic?

According to the report, what sort of challenge should trust be viewed as?

Where AI is used for compliance or reporting, what element(s) should be given the highest priority?

Which of the following statements is true? Statement 1, governance mechanisms refer to the use of AI across the organisation, or statement 2, governance mechanisms refer to the clear policies for use of AI systems

According to the AI Monitor report, what can “provide a technical backbone in critical use cases”?

Which of the following disciplines does the report NOT suggest should be part of a cross-functional collaboration at boardroom level?

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