How accountants can appropriately rely on AI

APR 25, 202419 MIN
Journal of Accountancy Podcast

How accountants can appropriately rely on AI

APR 25, 202419 MIN

Description

Danielle Supkis Cheek, CPA, vice president and head of Analytics & AI for Caseware, had an interesting way to continue her exploration of the ethics of using AI tools in accounting: She asked ChatGPT to give her an answer.

The response helped in her assessment of such tools. She shared more about that result — and answered our questions — in this episode of the JofA podcast. 

What you’ll learn from this episode:

·         What a well-known generative AI tool had to say about the risks of using large language models in accounting.

·         The surprising thing an early version of ChatGPT said about Supkis Cheek.

·         The top-of-mind AI ethics concerns for the accounting profession.

·         How the development of smaller-scale language models, with accounting specifics, can improve confidence in large language models.

·         An explanation of the MAYA principle as it relates to AI.

·         Thoughts on taking a “measured approach” when it comes to AI auditing.