AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The AI in Business Podcast
What GenAI Means for the Future of Accounting - with Bill Armstrong of Moss Adams
Sep 24, 2024
20:48
Snipd AI
Bill Armstrong, Chief Innovation Officer at Moss Adams, discusses the exciting embrace of AI tools in the accounting sector. He reveals that 69% of accountants optimistic about AI fundamentally shifts their roles. The conversation explores the evolving perception of value beyond billable hours, with a focus on accuracy and compliance. Armstrong also addresses how large language models could reshape expertise and knowledge retention in the industry, highlighting the need for skill adaptation as automation becomes more prevalent.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The optimism about AI among 69% of accountants reflects a significant cultural shift towards embracing technology integration in the industry.
- The evolving roles of accountants necessitate an emphasis on cognitive skills and critical thinking to oversee AI-generated outputs effectively.
Deep dives
Optimism Among Accountants Regarding AI
A recent survey revealed that 69% of accountants are optimistic about the impact of AI on their profession, suggesting a notable shift in attitude towards technology integration in accounting. This optimism may stem from historical experiences, as many accountants have previously navigated technological changes, such as the introduction of personal computers. However, there are underlying factors driving this confidence, including the potential for enhanced cost control and improved service quality. Despite this positive outlook, some industry professionals express concern over the superficial understanding of AI, highlighting the need for further education and training in this rapidly evolving landscape.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode