Artificial Intelligence in Accounting: Ethical Challenges and Legal Perspectives

Arif Perdana (), Tawei Wang () and Saru Arifin ()
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Arif Perdana: Monash University
Tawei Wang: DePaul University
Saru Arifin: Universitas Negeri Semarang

Chapter Chapter 11 in Digital Transformation in Accounting and Auditing, 2024, pp 321-345 from Springer

Abstract: Abstract Artificial Intelligence (AI) in automated decision-making (ADM) systems is becoming more prevalent in business, enabling faster and more accurate decision-making. However, using ADM raises ethical concerns (i.e., privacy, bias, and accountability) and legal issues. Organizations using ADM systems should ensure that they have adequate controls and safeguards in place and are transparent and accountable for their actions. To address potential biases in ADM systems, it is essential to carefully review the data used to train algorithms and take steps to mitigate potential biases. In addition, traditional accountability structures may need to be reevaluated, considering the increasing use of AI in decision-making. Accountants can play a role in addressing these ethical challenges by ensuring that companies are transparent and accountable in their use of ADM systems and by helping to identify and mitigate any biases in the data and algorithms used.

Keywords: Artificial intelligence (AI); Automated decision-making systems (ADM); Ethical concerns; Privacy; Bias mitigation; Accountability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-46209-2_11

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DOI: 10.1007/978-3-031-46209-2_11

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