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… but not all. what that means for the profession.<\/strong><\/p>\n by hitendra patil<\/i> a research study<\/a> by the american accounting association evaluated the performance of chatgpt on accounting-specific content.<\/p>\n more: <\/b>why accountants should embrace artificial intelligence<\/a> | ai brings opportunities for accountants<\/a> | seven things you must know about ai<\/a> the study was conducted by a team of 327 coauthors from 186 educational institutions worldwide, who entered 25,817 assessment questions and evaluated the accuracy of chatgpt\u2019s responses. here are some key observations from the study.<\/p>\n ai better than humans:<\/strong><\/p>\n humans better than ai:<\/strong><\/p>\n accounting talent competencies <\/strong><\/p>\n the study suggests that accounting educators need to prepare for a future that includes ai to serve their students and the needs of the profession effectively. this could consist of pre-emptive measures to avoid ai-driven cheating in exams and more focus on finding ways to assess students\u2019 actual learning of accounting knowledge.<\/p>\n while this is an excellent trigger for the future of accounting education and will likely create new ai-aware accounting talent, the workforce currently employed in the accounting profession will need to ramp up its learning about how ai is created, how it learns (on its own) and how it works.<\/p>\n as ai is a rapidly advancing technology, continuing professional education (cpe) requirements will have to evolve going forward constantly.<\/p>\n how will accountants adjust to the ai future? <\/strong><\/p>\n chatbots\u2019 ability to correctly answer accounting assessment questions has potential implications for perceptions of ai\u2019s ability to replace accountants in practice.<\/p>\n as ai advances and will likely get more \u201ctrained\u201d on accounting-specific data, the \u201caccounting capabilities\u201d of ai models will only enhance in the coming days.<\/p>\n what will be the ongoing impact on accounting jobs? while ai outright replacing accountants seems farfetched in the near future, it is clear that there will be new types of jobs for accountants. in other words, the \u201cwork\u201d accountants do currently is bound to be transformed, with ai releasing significantly more efficiency and productivity in the day-to-day work of accountants.<\/p>\n when i ran a snap poll<\/a> on linkedin, which got over 300 responses from accounting professionals, two in three respondents indicated they expect new types of accounting jobs. i did a little more analysis of the respondents, which revealed that most accountants who expect new types of accounting jobs are mid-career professionals. in contrast, early-career accountants expressed job loss fears.<\/p>\n a reasonable conclusion to make here is that accountants will need to adjust themselves to the ai future, which is already here.<\/p>\n","protected":false},"excerpt":{"rendered":" … but not all. what that means for the profession.<\/strong>
\nrise of the aiccountants<\/em><\/a><\/p>\n
\n![\"goprocpa.com\"](\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\")
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\ni keenly read this research report multiple times. as it is \u201caccounting-specific\u201d research of a reasonably large scale with broader participants, this study gives some profound insights. moreover, it raises fundamental questions for accounting educators as well as accounting professionals.<\/p>\n\n
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what does it mean for the accounting profession?<\/h3>\n
\n![\"\"](\"\/\/www.g005e.com\/wp-content\/uploads\/2024\/01\/250_patil_womanglassesrobot_adobestock_590588009.jpg\")
<\/a>
\nby hitendra patil<\/i>
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