Identifying and controlling the risks of Generative AI for CPAs

We are continuing our conversation on Generative AI, often referred to as Gen AI, with Cathy Cobey, FCPA , global responsible AI co-lead at EY, to explore the potential risks that come with introducing this new technology to the accounting profession. Cobey brings extensive experience working on the ethics and control implications of AI and other autonomous systems. She emphasizes the importance of understanding the capabilities and limitations of Gen AI and how it falls to the CPA to ensure the origin, accuracy and reliability of the data and information, while also advocating for robust governance and transparency surrounding the use of this technology. Episode 2 also touches on the evolving regulatory standards regarding AI in auditing and financial statement preparation. Cobey concludes with a realistic yet optimistic outlook on AI's role in accounting, stressing the importance of trust and control mechanisms in adopting and leveraging this technology effectively. Listen now to learn some valuable insights on navigating the new dynamics of AI as a CPA. To learn more about Foresight: The CPA podcast or CPA Canada's Foresight Initiative visit: Foresight: The CPA Podcast CPA Canada's Foresight Initiative CPA Canada English CPA Canada (Français) Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect that of CPA Canada. Avertissement : Les opinions et les points de vue exprimés dans cette série de balados sont ceux de l’invité et ne représentent pas nécessairement ceux de CPA Canada.

You can listen to Identifying and controlling the risks of Generative AI for CPAs online on Radio and Podcast. Open the player on this page to stream the available audio.

Identifying and controlling the risks of Generative AI for CPAs is an episode from Foresight: The CPA Podcast by CPA Canada.

This episode is 24:16 long.

This episode was published on Feb 12, 2024.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Foresight: The CPA Podcast when more episodes are available from the podcast feed.