The Accounting Podcast Real Life Ways Accountants Use AI, How Sage Will Eliminate the Close
Jun 12, 2025
Blake and David dive into how AI is transforming accounting, making the financial close a breeze. Real-world examples highlight innovative applications of AI, while the implications for job roles are discussed. They also touch on the fallout between Musk and Trump, corporate spying allegations, and Deloitte's controversial work-life balance ad. The discovery of a billion-dollar AI startup relying on human power raises eyebrows, showcasing both the promise and pitfalls of AI in the field.
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AI Boosts Accounting Efficiency
- Accountants use AI to automate tedious tasks like mail processing and memo writing, saving hours each week.
- Custom AI chatbots help firms provide quick succession planning advice, attracting new clients.
AI Transforming Audit Training
- AI agents in auditing automate sampling and testing workflows, freeing auditors from manual tasks.
- This shift may invert auditor training, with experience gained in industry before audit firms.
AI Boosts Jobs and Revenue
- AI adoption in auditing and internal audit is surging and boosting job availability and wages.
- Companies exposed to AI see significantly higher revenue growth, highlighting AI's positive economic impact.