Australia – 16th October 2024 – KPMG Australia has become the first company in the world to be certified to the BS ISO/IEC 42001 standard, highlighting its ethical handling of artificial intelligence (AI) systems. With a focus on safe management and responsible use of AI, the BSI accreditation demonstrates KPMG’s dedication to ethical AI.
The BS ISO/IEC 42001 standard, a framework for implementing and maintaining AI systems, aims to empower organizations to adopt AI in a responsible manner. It also addresses industry concerns such as opaque AI-driven decision-making and the use of ML-based designs over human logic.
The company also highlighted its responsible AI expertise with a post on X:
Discover how to build a responsible governance framework to help manage AI risk and accelerate business outcomes. Learn more https://t.co/so4B5KSaGv#KPMGAustralia #YoucanwithAI #AIgovernance pic.twitter.com/M8gvO2zAAw
— KPMG Australia (@kpmgaustralia) October 16, 2024
The accomplishment of KPMG’s Australian division demonstrates its commitment to integrating “Trusted AI” practices into all facets of its business operations, ensuring the ethical application of AI. The significant achievement also establishes a model for other organizations looking to build trust in responsible AI technologies.
The President of Regulatory Services at BSI, Manuela Gazzard, commended KPMG for being at the forefront of establishing AI regulations, calling it a critical step in guaranteeing AI’s responsible incorporation into society. The Chief Digital Officer of KPMG Australia, John Munnelly, stated,
“AI can solve complex challenges, and unlock new possibilities for growth. We are committed to helping our clients embrace this technology in a trustworthy and ethical manner, enhancing both efficiency and innovation.”
The certification, a world’s first, shows that businesses can adopt AI at scale while having ethical and responsible guardrails in place. Although the certification guidelines were published in the UK less than a year ago, the move aligns with the need to reward ethical AI adoption.
What is your reaction?
