Tech roundtable: AI and automation go way beyond ChatGPT

Journal of Accountancy Podcast

ChatGPT generates most of the headlines, but it’s only a small part of the big picture when it comes to artificial intelligence (AI) in the accounting profession.

What is the wider view on AI for accounting firms and finance departments, and how does it all relate to automation making life better for CPAs? Find out from three of the top accounting technology experts in the latest episode of the JofA podcast.

Gathered for the JofA’s annual Accounting Technology Roundtable, the panelists — Automata Practice Development’s Wesley Hartman; IntrapriseTechKnowlogies’ Donny Shimamoto, CPA/CITP, CGMA; and Boomer Consulting’s Amanda Wilkie — covered numerous tech topics in a wide-ranging discussion being presented in two parts.

Part 1 features the aforementioned AI and automation discussion. Part 2, scheduled to be published Thursday, delves into topics including “people tech,” blockchain and digital assets, cybersecurity, and more.

What you’ll learn from this episode:

· How generative AI is like auto-complete.

· What a recent announcement has in store for ChatGPT.

· How AI has been around longer than you might think.

· The importance of CPAs partnering with technologists to vet AI algorithms.

· The different levels of automation and the best opportunities for CPAs.