Demystifying AI Governance and Control for Finance
A Guide to AI Governance

Artificial Intelligence Will Revolutionize Finance and Accounting.

But it should be monitored.

AI governance is paramount for finance professionals in corporations due to the significant impact of AI on financial decision-making, risk management, and regulatory compliance. Effective governance ensures that AI systems used in finance are transparent, reliable, and operate within ethical and legal boundaries. This is especially critical given the sensitivity of financial data and the potential for AI to influence essential financial outcomes.

Proper governance mitigates risks associated with data privacy, algorithmic biases, and potential financial fraud. It also aids in aligning AI applications with corporate objectives and ethical standards, ensuring that AI-driven decisions are justifiable and accountable.