Braking Systems and Black Boxes: AI Ethics in Finance

Richard Jackson, AI Assurance Leader at Ernst & Young, discusses how artificial intelligence is transforming the accounting profession after 130 years of tradition. Drawing from his Silicon Valley experience, Jackson explores the ethical implementation of AI in financial operations, emphasizing that organizations can only innovate as fast as their governance frameworks allow. He highlights data quality as the critical foundation for effective AI implementation while considering the unique challenges of "auditing the AI" as these technologies become embedded in financial systems.(00:00) - Welcome to AI: Accounting Intelligence (00:37) - Richard Jackson's Career Journey (03:18) - AI and Ethics in Accounting (07:25) - The Future of Audit and Assurance (12:16) - Implementing AI in Organizations and Ethics (17:13) - Challenges and Risks of AI Adoption (21:54) - The Benefits of Being Close to Silicon Valley and AI Innovation (25:40) - The Role of AI in Financial Auditing (28:34) - Challenges and Risks in AI Implementation (31:52) - Regulatory and Compliance Considerations (41:33) - The Importance of Data Quality (43:53) - Conclusion and Final Thoughts Connect with Richard https://www.linkedin.com/in/richard-jackson-20441bhttps://www.ey.com/en_us/people/richard-jacksonLearn more about Trullionhttps://trullion.comConnect with Isaac Hellerhttps://www.linkedin.com/in/isaachellerGet NASBA Approved CPE or IRS Approved CELaunch the course on Earmark to get free CPE/CE for listening to this episode.ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!This podcast is a production of the Earmark Media

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