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Artificial intelligence

Discover more about the impact of artificial intelligence and the opportunities it presents for the accountancy profession.

In this section

Features and articles

The essential guide to audit tech

There has never been a more exciting time to explore the transformative potential of technology in relation to audit. Tech advances are helping to improve the performance of audit, making it more insightful and informing better conversations in audit teams and with clients.

Risks and assurance of emerging technologies

Cognitive and automation technologies such as artificial intelligence (AI) have drawn a great deal of interest, but also concern about the potential for bias and misuse. ICAEW’s Tech Faculty examines the risks associated with the adoption of emerging technology and how these risks can be tackled through internal controls and assurance.

AI in Corporate Advisory

The Corporate Finance Faculty and Drooms have published the world’s first research about the role of artificial intelligence in deals.

Webinars and recordings

Disclaimer: The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.

Finance in a digital world

Complete the FDW eLearning course

ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive eLearning content.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

ChatGPT bombs accounting class

A recent Brigham Young University study has found that if ChatGPT were a student in an accounting class, it would get a failing grade. ChatGPT has been made for language rather than maths, and during testing did not always recognize it was performing mathematical operations. The questions fed to ChatGPT covered accounting information systems, auditing, financial accounting, managerial accounting and tax.

Accounting's first crowd-sourced study tackles ChatGPT in education

The ChatGPT AI chatbot has been tested on accounting exam questions against the performance of accounting students at 186 institutions. The results show AI doesn't outperform accounting students quite yet, but educators must adapt to rapid change in academia and practice.

GPT-4 rolls artificial intelligence tanks onto accounting’s lawn

Article discusses ChatGPT's recent steps towards the accountancy profession and when it comes to the work accountants currently do, where are its limits and are there opportunities for firms or vendors looking to ride the AI wave?

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Useful links

Establishing a pro-innovation approach to regulating AI

Policy paper from the Department for Digital, Culture, Media & Sport, Department for Business, Energy & Industrial Strategy, and Office for Artificial Intelligence on the UK's emerging approach to AI regulation.

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