How would you feel if your professional accountancy exams were marked using AI, asked VIVA Financial Tuitionās Hugh Martin (pictured) recently.
He said he didnāt think any tutor or lecturer jumps out of bed at the prospect of marking essay scripts: āalthough it is incredibly important work, it can be tedious and repetitiveā.
Martin feels that AI marking exams and providing feedback is coming, especially since many professional accountancy papers collected typed inputs which are easy for AI to analyse. He explained services already exist for this.
The potential benefits of AI include less subjectivity, faster delivery and lower costs. However, the worry is that the depersonalisation of the process will annoy the exam-taker. ā you the PQ
Philip Meagher said: āThis raises a much bigger question. If AI can correct a question on Interest Rate Swaps, then AI can perform Interest Rate Swaps, in which case the accountant needs to adapt to stay relevant. The real question should be whether what we are assessing is still relevant in an age of AI.ā