When considering whether to use Generative AI in your organisation, it is recommended to first consider the following:
Terms and conditions
Policy and principles
Data privacy, security and intellectual property
Transparency and explainability
Understanding what goes on inside the black box of a generative AI model is tricky, even for their creators. Deep learning is all about synapse-style relationships. Trying to explain how or why a particular response was generated is a bit like trying to get a toddler to explain why their favourite colour is yellow. Instead, review documentation and technical material from providers as they may offer insights into capabilities, training methods and how risks have been managed. Questions to consider include:
- does the generative AI software tool offer built-in explanations of how it works?
- if it’s an LLM, what are the implications of how ‘prompts’ and questions are phrased?
- what’s the confidence level in generated responses, and is this configurable?
Accountants should be transparent about their use of generative AI by labelling or acknowledging where output has been produced by generative AI.
Context, credibility and accuracy
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