CPA VOICE: Meeting the challenge of artificial intelligence

Written on Dec 12, 2019

As technology continues to progress more CPA firms are hiring non-accounting graduates to integrate new tools into their practice, writes Paul Lin, PhD and Tom Hazelbaker, CPA, in the November/December issue of CPA Voice.

AI is one evolving technology in which big four firms have already begun to invest. Here are three facts CPAs need to know from Lin and Hazelbaker:

  1. Several subfields of AI have emerged, including robotics, perception (vision and speech), machine learning (ML) and expert systems (ES).
  2. AI opens the door for business enhancement, and CPAs can contribute to AI projects with their extensive knowledge in business operations and data.
  3. CPA firms that embrace AI will likely continue to prosper, but those who do not may end up being left behind.

Overall, firms need to work together to determine the best methods of utilizing AI to better benefit their “existing strengths, create new ones, and develop strategies for deploying AI-enabled tools in the workplace.”

Don’t miss this convenient, self-study CPE – Now free!

Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue.

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.

Best of all, you can take the exam when and where it’s convenient for you. Exams remain available online – and may be completed for CPE – through the same month of the following year.

November/December 2019 exam

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