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How will AI affect accounting jobs?

ThomsonReuters

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

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This Accounting Job Will Become Scarcer in the Next Five Years, WEF Predicts

CPA Practice

By Michael Grothaus, Fast Company (TNS) The World Economic Forum (WEF) has released its annual Future of Jobs Report for 2023 and it makes for some interesting reading, not only for employers but for younger people who have yet to decide upon a career path. Distributed by Tribune Content Agency LLC.

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How Are Public Accounting Salaries Stacking Up For 2023? (Part 4, Hays U.S.)

Going Concern

The latest group of fortune tellers gazing into crystal balls to figure out what accounting salaries will be like next year are from the recruitment firm Hays U.S. In its 2023 salary guide , Hays provides salary ranges for accounting and finance jobs in nine states, plus the District of Columbia. and 33.3%, respectively.

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GAAPWEB 2023 Salary Survey

Accounting Insight

With 60% of our audience receiving a pay rise, 51% a bonus, and hybrid working becoming a new norm, 2023 presents a year of healthy wages, bonus opportunities and increased flexibility in the workplace. Bonuses In 2023, 51% of our respondents received a bonus, with 41% of those being a 3-5% supplement to their salary.

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This Accounting Job is One of the 10 Best Flexible Roles in 2024 That Also Pay Well

CPA Practice

Indeed points to a Mental Health America report that shows 20.78% of adult Americans have admitted to struggling with mental health issues in 2023. Another finding from Indeed’s list is that 70% of the top 10 jobs have a high probability of being impacted by AI. You can check out Indeed’s full list here.

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Accounting Ranks First In Something Good For Once

Going Concern

If that pace continues, the sector stands to lose 195,728 jobs this year, which would be an improvement from last year’s 262,582 (compare this to the <8000 people laid off from Big 4 and mid-tier accounting firms in 2023 ). CNBC says: While the average mean salary for accountants in the U.S. Or a minor one.

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The Accountant Shortage is a Material Weakness Now

Going Concern

Advance Auto Parts was late on its most recent 10-Q and said in a June 2 SEC filing “The “Company” is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended April 22, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below.”

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