The Accounting Podcast What AI Will Automate In Accounting with Erica Goode, CPA
FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more!
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Chapters
- (00:00) - CAP 329
- (00:39) - PREVIEW: How ChatGPT saved Erica
- (01:09) - Introduction
- (07:48) - FTX had 80,000 transactions in Ask My Accountant
- (12:04) - Blake plays a clip from the All-In podcast on AI accounting
- (17:25) - ChatGPT vs real accountants and students on tests
- (25:48) - Hector Garcia's example of using ChatGPT for analysing financial statements
- (31:24) - Is Erica using ChatGPT at all in her firm?
- (36:18) - EY breakup news
- (42:13) - Donna's voicemail on her sons college tour and accounting majors
- (48:18) - Deloitte kicks off program for high school students to earn accounting credits
- (49:29) - Can AI help save education?
- (52:48) - The IRS shows customer service improvements in 2023
- (54:22) - Are accountants actually experiencing a better tax season?
- (01:01:49) - Crazy MYOB commercial
- (01:03:41) - Wrap up and where to reach everyone
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Show Notes
Blake Oliver on Twitter: "My speaking session was selected for #Expensicon”
https://twitter.com/BlakeTOliver/status/1649440639355097088
SURVEY: Busy Season Looking Good - CPA Trendlines
https://cpatrendlines.com/2023/04/10/survey-busy-season-looking-good/
EY Confronts Slowing Growth After Breakup Deal Fails - WSJ
https://www.wsj.com/articles/ey-confronts-slowing-growth-after-breakup-deal-fails-9442c85d
Magic Workflow: AI-Powered Workflow and Process Generator
https://clienthub.app/blog/new-feature-magic-workflowai-powered-workflow-and-process-generator/
Ernst & Young has axed its plan for a split of its auditing and consulting arms, marking a dramatic and costly retreat
https://www.wsj.com/articles/ernst-young-halts-breakup-plan-bd2e2fa0
Is that the IRS with your refund? No, it's a ChatGPT scam
Taylor Swift avoided $100 million FTX deal with securities question: lawyer https://www.businessinsider.com/taylor-swift-avoided-100-million-ftx-deal-with-securities-question-2023-4
ChatGPT less than 50% accurate in accounting exams, study finds https://www.accountancyage.com/2023/04/21/chatgpt-less-than-50-accurate-in-accounting-exams-study-finds/
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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page