AI Transparency

Our Commitment

Accora is committed to responsible and transparent use of artificial intelligence. We comply with the European Union's AI Act and believe in keeping humans at the center of critical decisions.

How We Use AI

Our platform uses AI systems for the following purposes:

Document Processing: AI extracts data from invoices, receipts, and financial documents
Classification: AI categorizes transactions according to accounting standards
Pattern Recognition: AI identifies potential errors or anomalies
Suggestion Generation: AI recommends account codes and tax classifications

Human Oversight (Critical)

🔹 Human-in-the-Loop Approach

All AI outputs are reviewed by licensed CPAs before finalization. No financial decision or classification is made solely by automated systems. Humans remain in control of all critical accounting decisions.

This approach ensures accuracy, compliance, and accountability while benefiting from AI efficiency.

EU AI Act Compliance

Our AI systems are classified as limited-risk AI systems under the EU AI Act. We comply with all transparency requirements:

Users are clearly informed when interacting with AI systems
AI-generated outputs are clearly labeled
Human review process is transparent and documented
Users can request human review of any AI decision
Training data sources and methodologies are documented

Data Used for AI Training

Our AI models are trained on:

Publicly available accounting standards and tax regulations
Anonymized, aggregated historical data (with explicit user consent)
Maltese and EU accounting frameworks

Your specific financial data is never used to train AI models without your explicit consent.

Your Rights

You have the right to:

Understand how AI decisions are made
Request human review of any AI output
Opt out of AI-assisted processing (with manual-only processing)
Access information about AI model training and data sources
Contest any AI-generated decision

Limitations & Disclaimers

While our AI systems are designed to high standards, they are not infallible. All AI outputs are recommendations subject to professional review. Users and reviewing CPAs are responsible for final decisions and compliance.

Updates to This Policy

As AI technology and regulations evolve, we will update this transparency statement accordingly. Material changes will be communicated to users via email.

Contact Us

For questions about our AI systems or to exercise your rights:

Email: michael@accora.ai

AI Transparency & EU AI Act Compliance