AI Ethics, Regulation and Safety

Overview

Harness AI Safely and Ethically

AI is a powerful tool with the potential to transform accounting and finance, but it can also backfire when misused. Learn how to create and operate safe and ethical AI systems that comply with impending AI regulation in this webinar.

Preparing for the Brussels Effect

The first major AI regulation is EU’s AI Act, and it is expected to become law in April of this year. The AI Act will likely create demand from firms that have to comply, as well as consultants and lawyers who will have to provide advice on AI regulation. It is widely expected that the Brussels Effect will lead to global AI regulatory convergence.

Analogous to what we saw with the introduction of the GDPR in 2016, we should expect a drastic increase in demand once the AI Act becomes law. Broaden your portfolio of professional skills to include AI regulatory compliance.

This webcast is the second in a series co-hosted by the University of Oxford’s Sa‹d Business School and AICPAr & CIMAr, as part of a partnership that includes a joint quarterly online course on ESG and Sustainable Financial Strategy.

Objectives

• Identify the main causes and consequences of AI failure in terms of reputational, legal and regulatory implications.
• Identify the main regulatory efforts underway globally and what objective regulators are pursuing.
• Recognize the fundamental difference between AI compliance to other compliance efforts, such as GDPR.
• Identify the concept of trustworthiness, and how it is used by regulators in the compliance process.
• Indicate an understanding of the AI compliance process, especially the conformity assessment mandate for high-risk AI systems.
• Identify the timelines and penalties for noncompliance with the AI Act.

Highlights