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How will AI affect accounting jobs?

ThomsonReuters

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. How is AI affecting accounting?

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? While the average mean salary for accountants in the U.S.

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Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Chinese and U.S. That’s one way to go.

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

Going Concern

In its 2023 salary guide , Hays provides salary ranges for accounting and finance jobs in nine states, plus the District of Columbia. For this article, we selected four positions in audit and four in tax. For example: Audit associates in Colorado are expected to see a raise of between 7.1% Audit senior.

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Monday Morning Accounting News Brief: PwC CEO Resigns Over Tax Scandal; RTO Propaganda; Unproductive Productivity | 5.8.23

Going Concern

Financial Times : The head of PwC in Australia has resigned as chief executive three days after admitting that he had received emails regarding confidential government information on changes to tax avoidance laws to win new business. Don’t let The Guardian scare you about layoffs, find a new accounting job instead.

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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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Your Firm and Your AI Future

CPA Practice

Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes. Additionally, AI will automate audit procedures, improving efficiency and reducing the risk of human error. One of the most significant risks of AI in accounting is the potential for job displacement.