Ensure algorithmic accountability o prevent and

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ensure algorithmic accountability o prevent and rectify management of bias An ethical issue exists when: the action or decision of the decision maker has consequences for another person or persons, and involves choice on the part of the decision maker or the person who acts (Jones, 1991).
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Accounting in Organisations and Society Algorithmic Accountability Legislation in play (legal liability) - to prevent and rectify any bias in the software systems when identified: Issues that managers need to be aware of include: Algorithm Bias - mathematical formulas that arrive at some form of conclusion Data Bias – data doesn’t represent the business problem (or has a high variance rate) Stereotype bias – cultural or social issues most common in this bias (e.g. the smartest people wear glasses) Measurement bias – faulty measurement that distorts the data
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Accounting in Organisations and Society Accountant Accountability Most people in business will face ethical choices and ethical dilemmas. Accountants (as part of the Code of Ethics for Professional Accountants) have the challenge, as well as responsibility to: o identify them as ethical choices and dilemmas, o evaluate them objectively and fully, and o address them in a manner that is appropriate and ethically justifiable.
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Accounting in Organisations and Society Accountant Accountability The Code of Ethics for Professional Accountants explicitly states: “A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest .
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  • Fall '19
  • Accountants, Accountant, Organisations and Society

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