Professional ethics
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Professional ethics Client data and confidentiality
A CCAB Draft Case Study Says Client Authorization Is Still Required Even When Client Data Is Processed to Create Synthetic Data
In draft case studies on the ethical use of AI, published for consultation in June 2026, the Consultative Committee of Accountancy Bodies sets out a fictional firm's plan to train its own large language model on synthetic data derived from actual client data, and the concerns raised about it.
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Professional ethics Judgment and competence
A Draft CCAB Statement Says Professional Accountants Cannot Abdicate Responsibility for Outputs Produced by Their Use of AI
In June 2026 the Consultative Committee of Accountancy Bodies published, for consultation, a draft statement to the accountancy profession on the ethical use of AI. It reminds accountants that they "cannot abdicate responsibility" for outputs produced by their use of AI tools and systems, and it discloses that AI tools were used in preparing the statement itself.
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Professional ethics Judgment and competence
Australia's Ethics Standard Setter Says Members of the Australian Accounting Bodies Who Use AI Remain Responsible for the Outcomes
In a technical alert of October 31, 2025, Australia's Accounting Professional & Ethical Standards Board told professional accountants who are members of the Australian Accounting Bodies that when they use AI they "must continue to meet their ethical obligations" under the APES 110 Code of Ethics for Professional Accountants, and that they remain responsible for the outcomes.
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Professional ethics Judgment and competence
Responsibility Remains Human: ACCA's Report on Ethics in Accountancy, October 2026
In a report marked October 2026, the Association of Chartered Certified Accountants found that the use of AI "ranks first in the top three ethical challenges reported by respondents." It also sets out a checklist for ethical challenges involving AI use.
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Professional ethics Client data and confidentiality
Confidential or Privileged Information: APESB's Draft Guidance on AI for Forensic Accountants and Valuers, September 2026
A preliminary draft among the papers for the board meeting of Australia's Accounting Professional & Ethical Standards Board on September 4, 2026, says in the first of its illustrative examples that "Confidential or privileged client information should not be entered into public AI tools."
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Professional ethics Client data and confidentiality
Very Difficult to Track or Control: Australia's Privacy Regulator on Personal Information and Commercial AI Products, October 2024
In October 2024, Australia's privacy regulator published guidance on using commercially available AI products. Once personal information has been input into an AI system, it says, "it will be very difficult to track or control how it is used."
