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Your Firm and Your AI Future

CPA Practice

A Top Technology Initiative Article – Dec. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants.

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ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. Your senior is probably not a synth.

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. But that doesn’t appear to be the case.

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Friday Footnotes: EY Money Troubles; Fast Food > Public Accounting; From Athlete to Associate; | 12.16.22

Going Concern

The 2021/22 payments include $14 million from an Industry department contract the Audit Office has found to have been “tailored” to company, and massive deals with the country’s cyber spy agency and Defence. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Audits could solve crypto’s transparency problem.

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work.

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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

It is understood that the forensics firm will be tasked with conducting “asset-tracing” to identify and recover the missing digital assets and will complement the restructuring work being undertaken by FTX. The Justice Department has accused Rikesh Thapa of defrauding his startup tech firm of more than $1 million in U.S.

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