AI & emerging tech articles

Numerous "pop-up" shops emerging, boldly asserting that AI can handle 80% or more of an R&D credit study. The simple fact is that when it comes to complex tax matters such as with R&D and the Employee Retention Credit, AI does not have the necessary human judgment required.

Sick of hearing about AI but not knowing how to implement it NOW for real results? You can easily implement components of AI now to help you in the upcoming tax season. The AI discovery process provides a framework for CPAs to figure out how best to utilize AI and ultimately save time, money and maybe a little sanity.

If you’re like me, you may think of artificial intelligence (AI) as a catch-all term that seems almost untouchable. It’s a nebulous concept that leaves those of us without computer programming skills often believing that “AI is coming for...

A 2020 study from Sage found that almost half of accountants believe new technology tools aid in their productivity. ChatGPT, one of the new kids on the AI block, has been making waves in the business world over the past few months. Google’s...

At a time when discretionary spending is tight, and pressure to grow revenues remains high, CFOs are increasingly focused on cost optimization. CFOs know that proactively allocating and managing costs, and removing activities that drag down...

On Nov. 30, 2022, OpenAI released the prototype version of ChatGPT, one of the first generative artificial intelligence (AI) applications available to the public. Within five days of its launch, the application reached over 1 million users...

By Dr. Sean Stein Smith, CPA, Lehman College 
 
 Automation is discussed so often in the context of accounting and audit services that it’s become something of a cliché. But dismissing the trend as just another buzzword misses the bigger...

By Elizabeth Pittelkow Kittner
 
 A powerful new artificial intelligence (AI) bot, ChatGPT, is causing quite a stir in the business world, including in the accounting profession. Using a wide range of internet data, ChatGPT can help users...

The scale at which deepfakes can cause financial harm, reputational damage and data breaches shouldn’t be underestimated. Here’s how organizations can prevent these AI-generated attacks.
 
 By Matt Miller
 
 Artificial intelligence (AI) has...

Text analytics, also referred to as text mining or textual analysis, consists of data mining techniques and software programs that analyze and extract insights from unstructured textual data, such as PDF documents, HTML pages, emails, and...

By Marc D. Mintz, CPA, CITP, CGMA, Marc Mintz & Associates 
 
 Anyone with a degree or extensive experience in statistics knows that data analytics has been around for a long time. So, what is data analytics, why has it become so prevalent...

AI got you anxious? While artificial intelligence brings questions and concerns, there’s no denying the outsize impact it is already beginning to have on the accounting field. Check out these five AI takeaways from the first-ever AI...

Recruiting in any industry is a bit of a numbers game. Finding the best candidate for a role means sorting through hundreds or maybe thousands of resumes to screen potential candidates—and that’s only the beginning of the hiring process. For...

With the explosion of artificial intelligence use in the corporate world, business professionals must understand the critical ethical issues surrounding AI use, development and deployment. That’s why the VSCPA is launching a first-of-its-kind AI addition to its suite of Essential Ethics courses. 

Since 40–80% of CPA firm revenue is generated from tax, improving tax workflow has immediate benefits to the clients, team members, and the firm’s bottom line. Consider a few of the following ideas and tools.

By Lee W. Frederiksen, Ph.D.
 
 Accounting firms have struggled to rise to the challenge presented by today’s technological advances. This may come as a surprise to many in the profession, who can point to significant advancements in...

Artificial intelligence, ChatGPT, robots — buzzwords have been flying around for a while. But will artificial intelligence really replace accountants? Will ChatGPT replace the services accountants can provide? Will the world be overtaken by robots? 

Artificial intelligence has transformed how we live and work, offering immense potential for innovation and progress. However, as with any technology, AI also has its drawbacks. Emerging technologies like deepfakes — AI-generated synthetic media that can convincingly manipulate or fabricate audio, video and images — have rapidly gained popularity among cybercriminals as a potent tool for cyberattacks.

Are you afraid that you might be replaced by a computer? Every day there are stories across industries about the rise of artificial intelligence (AI). Many professionals are looking into the future and wondering aloud if humans will be necessary and what the new normal will look like.