13. 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. Connect with Richard https://www.linkedin.com/in/richard-jackson-20441b https://www.ey.com/en_us/people/richard-jackson Learn more about Trullion https://trullion.com Connect with Isaac Heller https://www.linkedin.com/in/isaacheller Get NASBA Approved CPE or IRS Approved CE Launch the course on Earmark to get free CPE/CE for listening to this episode. Review Leave a review on Apple Podcasts or Podchaser Subscribe Subscribe to the AI: Accounting Intelligence podcast in your favorite podcast app! This podcast is a production of the Earmark Media 00:00 AI 13 Trullion 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 24:27 Introduction to AI Auditing 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