The Young CPA Success Show
Is AI Coming for Your Accounting Job? With Hannah Hood and Joey Kinney
Jan 29, 2024
Hannah Hood and Joey Kinney discuss the impact of AI on accounting jobs, emphasizing the irreplaceable value of human connection. They delve into the automation of technical skills, the importance of developing soft skills, and the need for intentional learning and mentorship. The podcast highlights the fear and potential benefits of AI in the accounting industry, prompting young CPAs to enhance their storytelling and relationship-building skills.
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Quick takeaways
- AI won't replace human connection in accounting, prioritize soft skills development.
- Young accountants need to focus on programming AI systems and interpret results.
Deep dives
AI and Its Impact on Jobs in the Accounting Industry
AI is a topic that often elicits fear due to its potential capabilities. However, despite its advances, AI is unlikely to replace human connection and the value it brings to the accounting industry. Instead, AI is more likely to automate technical skills, prompting accountants to focus on personal and professional development. For instance, AI can be used in audits to expand sample sizes, but it cannot interpret the results or provide the meaning behind them. As AI takes over transactional tasks, young accountants should prioritize developing soft skills such as storytelling, presentation, and communication, which will enhance the value they can provide.
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