Gen AI Flashcards
(15 cards)
AI Definition
Technology that mimics human intelligence to perform tasks
What is AI’s main purpose
To enhance efficiency and automate decision making, as well as automate complex or repetitive tasks
Is AI intended to replace human abilities?
No, it is meant to augment them since it is a tool
3 advantages to using Generative AI (READ)
Efficiency
Consistency
Scalability
What is key when using AI in accounting
Human Review
3 potential risks when using Gen AI (READ)
Data Privacy and Security
Accuracy and Accountability
Risk of Dependence
3 principles of Ethical AI Usage in Accounting (READ)
Transparent documentation
Training with diverse data to avoid bias
Explainability of results
How do you create effective prompts for AI?
Be as specific as possible
Zero Shot Prompting
Instructions to perform a task without any specific examples/shots
Few Shot Prompting
Instructions with a small number of examples/shots
Chain of Thought Prompting
Technique that allows complex reasoning through intermediate reasoning steps
Can be either a no shot or few shot prompt
Kind of like a word problem
AI Hallucinations
When the model produces an output that is factually incorrect, nonsensical, or not aligned with the input received
What is a major fraud problem with AI right now? (READ)
Some companies have reportedly used AI to optimize tax avoidance strategies beyond ethical boundaries, helping corporations find aggressive tax loopholes that push legal limits
(Example: Extremely complex tax shelters)
Ethical concerns with AI (READ)
Dependence on collective creativity
Concerns about plagiarism, cheating, and erosion of critical thinking
Intellectual property and fairness
Maintaining a balance of innovation and responsibility
3 ways to stop yourself from violating ethics (READ)
Manage emotions and stress
Identify negative influences
Consult with an appropriate authority
