The ethical implications of artificial intelligence (AI) remain a “critical focus”, the Chartered Institute for Securities & Investment (CISI) and the Association of Chartered Certified Accountants (ACCA) have stated.
In a recent joint report, AI monitor: shining a light on AI's ethical threats for finance professionals, sets out considerations for the sector, calling on individuals to strengthen their awareness of "ethical dilemmas" when using AI, supported by checklists to guide decisions. The report noted that AI is already embedded across work and life, making its ethical implications "unavoidable". AI poses "specific risks" for finance professionals, the CISI and ACCA warn, which it said reinforces the importance of applying fundamental principles. The report stated that AI literacy is "ess...
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