Journal of Economic, Finance Research and Review (JEFRR)

The Impact of Machine Learning Algorithms in Financial Forecasting on Accountants' Professional Ethical Conflicts: The Guiding Role of AI Governance and Ethical Standards

Tran, Hong Van

17 December 2025 · Vol. 1, Issue 6, pp. 148-152

DOI: 10.65150/EP-jefrr/V1E6/2025-04

Abstract

This study aims to explore the emerging professional ethical conflicts faced by accountants when applying machine learning (ML) algorithms in financial forecasting, while also evaluating the guiding role of Artificial Intelligence (AI) governance frameworks and current ethical standards. Using a qualitative research method, the paper conducted 20 semi-structured interviews with senior managers and experts in the finance-accounting and technology sectors in Vietnam, followed by thematic data analysis. The findings indicate the emergence of new, complex ethical conflicts, including algorithmic bias challenging objectivity, the “black box” problem eroding professional judgment, and an accountability gap leading to a “blame the machine” mentality. The study also reveals that current ethical standards have become inadequate, while corporate AI governance frameworks remain formalistic and limited. Theoretically, the study proposes an expansion of the concept of accountants' professional competence to include both “digital literacy” and “digital ethics literacy.” Practically, the results emphasize the urgent need for professional associations to update standards, for businesses to build substantive AI governance frameworks, and for educational institutions to reform their curricula to equip the future generation of accountants.

Keywords: Machine learning, financial forecasting, accounting professional ethics, ethical conflicts, AI governance, ethical standards.

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Tran, & Hong Van (2025). The Impact of Machine Learning Algorithms in Financial Forecasting on Accountants' Professional Ethical Conflicts: The Guiding Role of AI Governance and Ethical Standards. Journal of Economic, Finance Research and Review, 1(6), 148-152. https://doi.org/10.65150/EP-jefrr/V1E6/2025-04

@article{Tran2025,
  title   = {The Impact of Machine Learning Algorithms in Financial Forecasting on Accountants' Professional Ethical Conflicts: The Guiding Role of AI Governance and Ethical Standards},
  author  = {Tran and Hong Van},
  journal = {Journal of Economic, Finance Research and Review},
  year    = {2025},
  volume  = {1},
  number  = {6},
  pages   = {148-152},
  doi     = {10.65150/EP-jefrr/V1E6/2025-04},
  url     = {https://doi.org/10.65150/EP-jefrr/V1E6/2025-04}
}

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