Ethical Considerations in Using ChatGPT

Ethical Considerations in Using ChatGPT

IMA consistently empowers its members with industry-relevant knowledge through informative CPE events. One such recent event focused on "Ethical Considerations in Using ChatGPT."

I want to express my sincere appreciation for Gerald Ratigan MBA CPA CMA recent presentation on "Ethical Considerations in Using ChatGPT." Your insights were exceptionally enlightening, offering practical takeaways in a clear and engaging manner. Your passion for the subject shone through, leaving a lasting impression. Your expertise will undoubtedly influence our approach to AI ethics, and I look forward to future collaborations. Thank you for your valuable contribution.


Also, I would like to share my experience and opinion around AI models

AI Systems Should Complement, Not Replace, Human Judgment

It's crucial to understand that AI systems like ChatGPT, GEMINI (Google Bard), etc., are powerful language models, it is far from flawless. There are notable limitations that one must bear in mind:

Potential for Bias: AI models can exhibit biases, both subtle and glaring. It may inadvertently produce content that reflects societal or cultural biases, potentially reinforcing stereotypes or misconceptions.

Inaccuracy: The model is not infallible and can produce inaccurate information or answers, which could be misleading or detrimental in certain contexts.

Offensiveness: These models might generate content that is offensive, inappropriate, or objectionable. This poses a risk, especially in professional or sensitive communication.


AI Systems Should Complement, Not Replace, Human Judgment

While AI model is a valuable tool, it should not be seen as a wholesale alternative to human judgment. Here's why:

Critical Tasks Require Human Judgment: Critical and sensitive tasks, such as decision-making in healthcare, legal matters, or complex ethical issues, demand human insight, empathy, and ethical consideration.

Best Suited for Specific Purposes: AI models shines when used for non-critical or creative tasks, like generating unique text formats, summarizing factual information, or providing general information.

Exercise Vigilance and Critical Evaluation

To make the most of AI systems, it's vital to:

Evaluate Outputs Critically: Always scrutinize and cross-verify the information provided by AI model with other reputable sources, especially when making important decisions.

Transparency is Key: If you employ AI model to generate content, be transparent with your audience or users about its use, so they can appropriately assess the information.

Enhance AI model 's Performance Responsibly

To optimize AI model 's performance and mitigate its limitations:

Specific Prompts: Use clear and concise prompts to ensure AI model generates more accurate and relevant responses.

Diverse Training Data: Provide a diverse dataset for training AI model to reduce bias in its responses.

Content Filtering: Implement a content filter to screen and eliminate harmful or offensive content, ensuring that the output remains safe and suitable for all users.

Monitor for Issues: Continuously monitor AI model outputs for potential problems, such as bias or inaccuracies, and promptly report any issues to developers for resolution.

While AI systems offer powerful capabilities, they should be employed with awareness of their limitations and a commitment to responsible usage. Human judgment remains irreplaceable, especially in contexts that demand critical thinking, empathy, and ethical consideration.


Interested to know more about other F&A Topics? Check below:

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Accountancy & Bookkeeping

Journal Entries

Revenue & Expense Recognition

Procure-to-Pay (P2P)

Order-to-Cash (O2C)

Record-to-Report (R2R)

F&A Interview Questions

Project Accounting

Fixed Asset

Account Reconciliations

Month-End Activities

Reporting (FP&A)

Tools and Technologies in F&A

Mergers and Acquisitions

Risk and Reward

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