Top and Current
Source : (remove) : cpajournal
RSS • JSON • XML • CSV
Top and Current
Source : (remove) : cpajournal
RSS • JSON • XML • CSV
Tue, December 31, 2024

[ Tue, Dec 31st 2024 ]: cpajournal
Category: Science and Technology

Worst AI Risk-Management Practices

Artificial intelligence (AI) is not a philosophical discussion, business dream, or science fiction for CPAs—whether they are risk managers, auditors, or
Mon, December 9, 2024

[ Mon, Dec 09th 2024 ]: cpajournal
Category: Business and Finance

Why the Office of the CFO is Making Climate and ESG Ambition a Reality

In Brief Despite the headwinds generated by a growing anti-ESG movement, activists, stakeholders, NGOs, and other influencers are escalating their

Worst AI Risk-Management Practices

Artificial intelligence (AI) is not a philosophical discussion, business dream, or science fiction for CPAs—whether they are risk managers, auditors, or

The article from The CPA Journal, titled "Worst AI Risk Management Practices," discusses the pitfalls and poor practices in managing risks associated with artificial intelligence (AI) in business environments. It highlights several common mistakes organizations make, such as over-reliance on AI without understanding its limitations, neglecting to establish robust governance frameworks, and failing to integrate AI risk management into the broader enterprise risk management (ERM) strategy. The piece points out the dangers of not continuously monitoring AI systems for biases, errors, or security breaches, and the lack of transparency in AI decision-making processes which can lead to trust issues and regulatory non-compliance. Additionally, it critiques the inadequate training of staff on AI technologies, the absence of ethical guidelines, and the failure to prepare for AI-specific risks like data poisoning or adversarial attacks. The article emphasizes the need for a proactive, informed, and ethical approach to AI risk management to mitigate potential negative impacts on businesses, stakeholders, and society at large.

Read the Full cpajournal Article at:
https://www.cpajournal.com/2024/12/31/worst-ai-risk-management-practices/


Similar Top and Current Publications
Although artificial intelligence (AI) has been around for decades in some form, the more recent Generative AI (GenAI) boom has brought it back into the limelight. However, with new technological development comes regulation.
Artificial intelligence (AI) and AI-enabled robots are becoming a bigger part of our daily lives. Real-time, flexible interactions between humans and robots are no longer just science fiction. As robots become smarter and more human-like in both behavior and appearance,
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector. The committee will submit its report within six months from the date of its first meeting, RBI said in a statement Thursday.
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector.
The committee will also try to identify potential risks associated with AI and a framework to evaluate and monitor the use of the technology in the financial services sector
In an official notification, the central bank said the committee will submit its report within six months from the date of its first meeting. The committee will assess the current level of adoption of AI in financial services,
MUMBAI: The Reserve Bank on Thursday announced the setting up of an eight-member committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector.
Interviews with 20 executives and researchers showed a widespread belief that the tech industry is running into a problem many would have thought was unthinkable just a few years ago: They have used up most of the digital text available on the internet.

[ Tue, Dec 24th 2024 ]: Politico
Category: Science and Technology

Governing health care AI

The rules governing AI could determine the standards that health care tools must meet before being used in patient care — which could affect all kinds of care nationwide. This is where we explore the ideas and innovators shaping health care.
The government has published the latest set of public sector applications that use artificial intelligence (AI) or automation, in a bid to demonstrate algorithmic transparency. The algorithmic transparency records from UK public sector organisations enables people to understand how government departments make use of AI.
This year, a significant number of cybersecurity breaches were caused by human involvement, with as many as 68% of incidents attributed to non-malicious human actions.
Now one year on, the Alliance is home to over 140 organizations with 93 active projects bringing the benefits of open source AI to private enterprise, education and research in urban hubs and rural environments around the world.