ACCA welcomes the opportunity to respond to this consultation. Our overall response to this consultation is informed by the fact that we are public interest body in the education sector with members and students in accountancy and finance. As such ACCA does not sell AI products in the market, though our members and students may use these in the course of their work and training. As a neutral party in relation to AI products in financial services, our overall view is that the use of AI in accountancy and finance related workflows is a work-in-progress, though there is a lot of activity and positive development. It will also be important to view AI very much as an assistant with clear oversight processes – the human-in-the-loop aspect is critical.
To read the response in full, please download the consultation response document on this page.
