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Businesses can ensure they use AI ethically by taking steps to secure customer data, avoid bias in decision-making, and protect transparency and accountability.
Ninety-five percent of companies powered by AI are already considering hiring for AI-specific roles to stay ahead of the curve, but many leaders risk falling through the digital capacity gap, a new report says.
Determining the level of data access, providing a financial perspective, and approaching AI carefully allows finance business partners to guide other functions.
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.
