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Fears about artificial intelligence are less about replacing people and more about diminishing the value of human skills, according to a global survey.
Also, the IAASB revises auditing standard on going concern, and the IFRS Foundation looks to bring nature-related information into financial reporting.
94% of finance leaders say AI has already helped improve decision-making, and 74% report positive effects on cost and risk reduction, according to a new survey.
86% of C-suite leaders plan to increase investment in generative AI technology this year, but the majority of employees feel unprepared for technological changes, a new survey report said.
Many SME employees, particularly younger workers, want to upskill. But fewer than one-third have received formal training in the last 12 months, according to a new survey.
Cisco analysis discovered that the AI model failed to block a single harmful prompt from the team’s automated attack tests, revealing critical security flaws.
FM’s editor-in-chief details articles in the February digital edition, including one on the right way to share and analyse data. Listen to the podcast episode or read the Q&A.
The annual Edelman Trust Barometer shows that a higher sense of “grievance” leaves people more resistant to innovation and more likely to have an unfavourable view of business.
Zach Rattner, co-founder of global software development company Yembo, says that when it comes to artificial intelligence, organisations are eager to get started with AI but wary of the pitfalls.
Simon Bittlestone, FCMA, CGMA, CIMA president and chair of the Association of International Certified Professional Accountants, says AI and automation offer a once-in-a-lifetime opportunity to increase the profession’s scope and the value it brings to organisations.
Generative AI has productivity-enhancing potential, but to manage its risks requires an understanding of the technology, says Andrew Harding, FCMA, CGMA, chief executive–Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants.
