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ICAEW: ethics at centre of AI development

As the House of Lords releases its report on artificial intelligence, ICAEW urges the accountancy profession to help put ethics at the heart of AI.


June 2018

According to the Lords Select Committee on Artificial Intelligence, the UK is in a strong position to be a world leader in the development of AI. This position, coupled with the wider adoption of AI, could deliver a major boost to the economy for years to come. The best way to do this is to put ethics at the centre of AI’s development and use concludes a report by the House of Lords Select Committee on Artificial Intelligence, AI in the UK: ready, willing and able?

The report mirrors a number of comments and recommendation made by ICAEW in its written evidence to the committee.

Richard Anning, ICAEW Head of IT Faculty, said: “Artificial intelligence systems can be very powerful and are improving quickly, so ensuring AI is a force for good from the start is vital. The committee recommends putting an ethics code at the centre of the development and use of AI; the accountancy sector is in a prime position to help develop and implement this. Accountancy is all about enabling trust in business, which is why everything we do is underpinned by a strong code of ethics.

“AI is a potentially powerful tool for society and the accountancy sector will be able to deliver more value to organisations and the economy as a result. However there clearly are considerations such as bias and ethics, so it is encouraging to see these addressed.”

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