ICAEW.com works better with JavaScript enabled.

AI for finance professionals

ICAEW has brought together these resources to help you understand artificial intelligence and what it means for finance functions. Here you'll find support on identifying how AI can benefit your organisation and how to start implementing the technology.

Start your eLearning

Making AI work for your business

What opportunities does AI offer?

Key AI technologies for finance

ICAEW and Deloitte believe that there are three technologies using artificial intelligence and cognitive computing that are of most relevance to finance functions: cognitive language, machine learning and computer vision. Find out how these technologies work and what they can do.

How finance teams are using AI

Read real-life examples of how finance functions are using artificial intelligence and cognitive technologies, to improve efficiency and solve problems such as matching payments to invoices, answering supplier queries and preventing payment disputes.

How to implement AI

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.

The challenges of implementing AI

To help finance teams considering artificial intelligence or cognitive computing technologies, ICAEW and Deloitte have identified the common barriers to success that must be overcome. These include: access to data, availability of skills and the integration of systems.

Five steps to get started with AI

Artificial intelligence and cognitive computing technologies present some exciting opportunities for finance, but they can also be a daunting prospect. ICAEW and Deloitte have come up with five simple steps to help get you started.

AI for accountants: Technology for the future of your practice

Nuno Godinho, Executive VP of product delivery at SAGE, in this webinar outlines the concept of a virtual finance director and the developments in software and communications and other technologies that enable accountants and business to operate in this way.

How to support your business to embrace digital

Preparing yourself and your organisation for the impact of disruptive digital technologies might feel like a daunting task, but this eLearning module introduces you to a three step approach that is designed to help businesses embrace this change within finance.

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.

Latest articles

Darktrace IPO

Darktrace is a cutting-edge start-up that has used artificial intelligence and machine learning to stay one step ahead of cybercrime. How has it arrived on the LSE’s Main Market?

Latest insights

Fighting fraud with AI

The UK financial services sector is examining ways to improve economic crime detection processes, in particular through the use of artificial intelligence. This comes with a number of benefits and challenges, explains UK Finance chair Robert Wigley.

Further support

More ICAEW support

Artificial intelligence

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

Useful links

A European approach to artificial intelligence

European Commission hub page for Europe's approach to AI, focussing&nbsp;<span style="color: #404040;">on 2 areas: excellence in AI and trustworthy AI. The main publications are <a href="https://digital-strategy.ec.europa.eu/news-redirect/709090">Proposal&nbsp;for a regulation on artificial&nbsp;intelligence</a>; <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2018%3A237%3AFIN">Strategy&nbsp;on artificial intelligence</a>; <a href="https://digital-strategy.ec.europa.eu/en/library/coordinated-plan-artificial-intelligence-2021-review">Coordinated plan on artificial intelligence 2021 review</a></span>

State of AI in the Enterprise

<p>Deloitte's third edition of the survey of executives to their sentiments and practices regarding AI technologies.</p> <p>See also <a href="https://www2.deloitte.com/us/en/insights/focus/cognitive-technologies/state-of-ai-and-intelligent-automation-in-business-survey-2018.html">the 2nd edition</a></p>

Deloitte Robotics Annual Survey

Each year Deloitte publishes its Global Robotics Survey where it asks businesses around the world about their awareness and implementation of RPA.

AI and corporate reporting: how does it measure up?

Report from the FRC's Financial Reporting Lab which covers background on Artificial Intelligence (AI), what it is and how it has developed and some of the potential use cases that AI has for corporate reporting. Some actions for all those involved in corporate reporting are given as recommendations.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.