article thumbnail

Ethical Concerns in Using Tax Planning Software

CTP

Artificial intelligence in accounting software is bringing new ethical challenges for professionals, their clients, and the public at large. A recent report by Acumen Research found that accounting professionals spent $1.5 A recent report by Acumen Research found that accounting professionals spent $1.5 5] Welch v.

article thumbnail

The Technology Lab Podcast – Rapid Close Tools – Sept. 2023

CPA Practice

So these tools often have individual progress and deadlines for each period that they assign out to the accounting team. And it turns out a lot of accounting software platforms just don’t do a very good job of tracking that internally. Now, that methodology is repeated over and over again. That’s really what these tools do.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

ChatGPT Can Pass the CPA Exam But Here’s What It Can’t Do (Yet)

Going Concern

No doubt, as time goes on, AI will get better and more positions may be replaced by AI but do you, the accountant, have to worry about your job? Haven’t they been saying for at least ten years now that 95% of accountants will be replaced by 2030? Also, learn how these tools might benefit your organization.

CPA 104
article thumbnail

The Technology Lab Podcast – Trends in Accounting Practice Management – Oct. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in practice management for accounting firms. Now in the accounting software world. Online Zoho books and accounting software. And I think a lot of firms don’t want to work on their processes.