KPMG Australia: What BSI AI Certification Brings Its Clients
In a groundbreaking move that signals a new era in the responsible use of AI, KPMG Australia has become the first organisation globally to achieve certification from BSI (British Standards Institution) for its AI management system.
“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.”
This milestone achievement not only positions KPMG Australia at the forefront of ethical AI implementation but also reinforces its role as a trusted partner for companies navigating the complex landscape of AI integration.
Setting a standard in AI governance
The certification, based on the international standard BS ISO/IEC 42001, represents a significant leap forward in establishing trust and ensuring the secure and responsible use of AI across society.
Published less than a year ago, this standard is designed to assist organisations in responsibly managing AI, addressing critical considerations such as non-transparent automatic decision-making and the use of machine learning in system design.
This certification comes at a crucial time, as the global community grapples with the rapid acceleration of AI and its potential impacts on the workplace and society at large.
Equally, the EU’s recent passing of the AI Act underscores the growing need for robust regulatory frameworks to govern AI development and deployment.
“AI has the potential to be a significant force for good in society, transforming lives everywhere. But to realise its benefits having the guardrails in place for the safe and ethical use of AI is critical. It’s fantastic to see KPMG Australia demonstrate the work they have done to ensure the safe and responsible use of AI and become the first in the world to achieve BSI’s certification to the AI management system standard.”
KPMG Australia's journey to certification began in February 2024, when the firm assembled a dedicated team to undergo BSI's rigorous audit process. This comprehensive evaluation scrutinised every aspect of KPMG's approach to AI, from governance structures to project management practices, ensuring that Trusted AI principles were deeply embedded in the organisation's operational fabric.
"With ISO 42001 emerging as the new gold standard for AI certification, we are delighted that our approach has met this extremely high bar," John added. "This certification of our robust AI management system is testament to the fact that we are living and breathing our trusted AI commitment."
The certification process goes beyond mere compliance with minimum requirements. It demands the cultivation of a culture of continuous improvement, aligning perfectly with KPMG Australia's commitment to excellence and innovation in the AI space.
KPMG Australia's achievement positions the firm as an invaluable partner for organisations seeking to harness the power of AI while navigating the complex regulatory landscape.
For KPMG Australia's clients, this certification translates into enhanced confidence in the firm's ability to guide them through the intricacies of AI implementation. It ensures that the solutions and strategies developed by KPMG are not only innovative but also adhere to the highest standards of safety, fairness, and ethical consideration.
Implications for enterprises
KPMG Australia's certification demonstrates that it is possible to innovate responsibly, balancing technological advancement with ethical considerations.
Therefore, companies wanting to implement AI in accordance with an increasingly regulated landscape may soon see KPMG as the consultancy of choice for their digital transformation.
This is likely to extend beyond KPMG and its immediate clients as other consultancies follow suit in a bid to be seen as a safe guide into the world of AI.
For clients and stakeholders alike, this certification offers reassurance that KPMG is equipped to lead the way in harnessing AI's potential while safeguarding against its risks, paving the way for a more trustworthy and innovative AI-driven future.
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