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AI reliance to dominate financial reporting in three years
Business leaders expect generative AI to revolutionise financial reporting, predicting 99% of organisations will use the technology in financial reporting in three years. Business leaders foresee that auditors will be at the forefront of the technology transformation, according to a survey by KPMG International. The study surveyed global financial reporting executives and board members at...
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Cautionary approach required to rollout of AI
As reported in the online publication WAtoday, Australia’s privacy commissioner is urging caution in the speed at which AI is being rolled out by big technology companies. Commissioner Carly Kind is concerned that the fast-evolving technology is being deployed without appropriate safeguards in place for citizens. The privacy commissioner has powers to investigate serious privacy...
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FSO releases report on generative AI in the workplace
As part of our consultation for the WA Jobs, Education and Training (WAJET) survey, our Industry Engagement Managers have found that AI is having an ever-increasing impact across all occupations, with generative AI being used significantly within financial, administrative and executive roles. FAPSTC was pleased to participate in a webinar where Future Skills Organisation (FSO)...
