Combating modern slavery: when Gen AI isn't enough
Following his introduction to the iEARTHS’ artificial intelligence (AI) solution, David Wray discusses why causal AI was chosen over generative AI and how the team tackled bias and hallucinations.
Artificial intelligence
Discover more about the impact of artificial intelligence and the opportunities it presents for the accountancy profession.
In this section
Features and articles
European Union launches new AI Office
The EU is set to open its AI Office following the application of its recent world-first comprehensive law on Artificial Intelligence.
How we applied AI to combat modern slavery
The iEARTHS project is a causal AI system designed to tackle modern slavery. David Wray, ICAEW member and one of its creators, explains the considerations that went into its development.
Government extends deadline for AI skills grants
Accountancy firms now have until 18 August to apply for grants under the pilot of the government’s new AI Upskilling Fund, after the government extended the deadline by 11 weeks.
Reports
ICAEW Evolution of mid-tier accountancy firms 2024
ICAEW's latest research reveals the polarised reactions to private equity funding within the sector, as well as expectations for profit growth and shifts in services lines over the next three years.
Evolution of mid-tier accountancy firms
ICAEW's latest research into mid-tier practices reveals reaction to the increase in private equity funding to the sector, as well as expectations for profit growth and shifts in services lines over the next three years.
ICAEW Manifesto 2024
ICAEW's manifesto draws on the insights and expertise of our members in making a call to action for the next government. It sets out our vision for a resilient future UK economy that is: productive, highly skilled, sustainable, innovative, resilient, trustworthy and leading on trade.
ICAEW Manifesto 2024
ICAEW's manifesto draws on the insights and expertise of our members in making a call to action for the next government. It sets out our vision for a resilient future UK economy that is: productive, highly skilled, sustainable, innovative, resilient, trustworthy and leading on trade.
Webinars and recordings
AI in audit: the good, the bad and the ugly
In this Insights In Focus episode, we discuss the use of artificial intelligence in audit.
Artificial intelligence: accountant’s friend or foe?
In this first episode of the ICAEW Student Insights podcast, host Jag Dhaliwal discovers how emerging technologies like artificial intelligence are influencing the work of accountants.
Introduction to AI Standards
Understand how AI Standards, regulation and assurance combine to build and support industry and society.
ChatGPT, corporation tax and FRED 82
On the latest ICAEW Insights podcast, we examine how recent developments are affecting the accountancy profession.
Disclaimer: The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
Complete the FDW eLearning course
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Industry press
The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com
Gen AI: a Pandora's box of questions
An examination of the intellectual property issues surrounding Generative AI, and how they might be addressed.
AI and inventorship: comparing patenting in the US and UK
Courts in both the US and the UK have ruled that 'inventions' made by AI without human involvement are not protectable by patents, and that AI tools cannot be named as inventors on patent applications.
After cloud providers, UK antitrust regulator takes aim at AI
Sarah Cardell, CEO of the UK's Competition and Markets Authority (CMA), has expressed concern that existing tech giants are exerting undue control over the emerging market for AI-based technologies and services, making life harder for new entrants.
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Useful links
Generative AI and the future of the legal profession
A LexisNexis July 2023 report into the views of UK legal professionals on using artificial intelligence (AI) tools within their firms. The report's findings included that clients want their law firms to adopt AI tools sooner than the latter think. Requires free registration to access.
State of AI in the Enterprise
Deloitte's fifth edition of the survey of executives to their sentiments and practices regarding AI technologies.
See also: 4th edition; 3rd edition; 2nd edition.
Establishing a pro-innovation approach to regulating AI
Policy paper from the Department for Digital, Culture, Media & Sport, Department for Business, Energy & Industrial Strategy, and Office for Artificial Intelligence on the UK's emerging approach to AI regulation.
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