Global Accounting Bodies Call on Firms to Check AI Systems

Two leading accounting bodies called Monday for firms to assess their artificial intelligence systems as an increasing number of countries establish AI policy initiatives.

Ernst & Young and the Association of Chartered Certified Accountants said in a policy paper that companies should check on their AI systems’ technical performance, internal governance structures, and regulatory compliance. Nearly 70 jurisdictions worldwide are looking at introducing AI policies, including the EU and US, according to the paper.

• “It is hard to overstate the importance of ensuring safe and effective adoption of AI,” Marie-Laure Delarue, EY’s global vice-chair of assurance, said in a ...