ICAEW SE · Chapter 10 · Question 10 of 10
Which of the following is an ethical issue arising from the development and use of new technology in finance functions?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Deepfake audio or video being used to impersonate senior managers and authorise fraudulent payments
Explanation
Technology brings benefits such as speed, accuracy and lower costs, but also raises ethical issues including fraud risks such as deepfakes, cyber security, privacy, bias and job displacement. Accountants need to apply professional scepticism, for example by verifying unusual payment requests through independent channels.
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