"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech
E36: From Quill to AI: The Evolution of Accounting with David Hartley, former CIO and CPA
Dec 19, 2024
David Hartley, a seasoned CPA and former CIO, dives into the fascinating evolution of accounting from quill to AI. He discusses the critical role technology plays in the profession today, noting the major challenges and opportunities posed by AI and automation. With 75% of CPAs nearing retirement, he highlights a looming talent gap in the field. Despite advancements, Hartley emphasizes the unwavering importance of trust and human insight, positioning AI as a partner rather than a replacement in the accounting landscape.
51:50
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- AI is transforming the accounting profession, offering opportunities and challenges that require adaptation from practitioners at all levels.
- The accounting field is facing a significant talent shortage, as many experienced CPAs retire and fewer young professionals are entering.
Deep dives
The Evolution of AI in Accounting
There is a growing consensus that AI will significantly improve the accounting profession, driven by advancements in technology. The notion that AI is the worst it will ever be today underscores the rapid progress expected in subsequent years. While many individuals in the accounting field are skeptical about AI, particularly given previous claims that jobs would be eliminated, the current momentum appears more credible. Companies are investing heavily in AI solutions, anticipating enhanced productivity and capabilities that could transform traditional accounting practices.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
