Over-reliance on AI dangerous, institute warns accountants

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The Audit Committee Institute has warned auditors and accountants to exercise caution when adopting or relying on Artificial Intelligence

He, therefore, urged accountants and auditors to be wary of the ongoing “persuading” calls by the tech industry assures us of the infallibility of AI, and the need to trust it.

“I see that happening again today with the cognitive impact of the tech industry’s exuberating messaging that we should trust AI, even while we see increasing signs that AI is not sufficiently reliable to warrant our implicit trust.”

 

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