AI in finance and accounting
Who it binds
The 2 roles that carry a duty under AI in finance and accounting, and the provisions that fall on each. A duty follows the capacity you are acting in, which is not always the one you think of yourself as occupying.
§ 1 — How to read this
One organisation frequently occupies more than one of these roles at once, and the duties are owed separately for each. The roles below are kept distinct because the instruments keep them distinct: where two look alike, the sentence explaining the difference is the reason both are listed. Counts are of obligations in this collection only.
§ 2 — By role
The duty, by capacity
Accountants in business
8 obligations
An accountant employed within an organisation — a controller, an FP&A lead, shared services. The duty on using the output of technology is framed around the employing organisation’s oversight.
- IESBA Code 110.1 A1(b)(iii) — Objectivity
- IESBA Code 120.12 A2 — Bias
- IESBA Code R113.1, 113.1 A3, R113.2 and R113.3 — Professional Competence and Due Care
- IESBA Code R114.1, R114.2, 114.3 A3 and R114.4 — Confidentiality
- IESBA Code R220.4, R220.5 and R220.6 — Preparation and Presentation of Information
- IESBA Code R220.8 — Using the Output of Technology
- IESBA Code R220.9 and R220.10 — Addressing Information that Is or Might be Misleading
- IESBA Code R230.3 and R230.4 — Acting with Sufficient Expertise
Accountants in public practice
4 obligations
An accountant in a firm serving clients. The same provision on using the output of technology exists here in a different form, framed around the firm’s oversight.
Certification
Examined on this standard of evidence
What this page sets out is examined, on work the candidate has not seen, in the credentials beside it. Every paper is machine marked against its key and every result is reviewed and released by a named person, and every credential is on the public register.
AIAC-FNAF
Certified AI in Finance & Accounting — Fundamentals2 hours · remote, proctored · valid 2 years
AIAC-FNAP
Certified AI in Finance & Accounting — Professional2 hours · remote, proctored · valid 2 years