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The resources below are regularly updated
August 2024: Guidance – Leveraging AI in Accountancy and Finance
ACCA research suggests by developing the right mix of technical and soft skills, embracing continuous learning, and focusing on responsible AI adoption, accounting professionals can position themselves, and their organisations, for successful leveraging of AI.
July 2024: Guidance – AI Virtual Conference
Watch the ACCA’s AI Virtual Conference on-demand here.
July 2024: Guidance – Use of Gen AI in Audits and Financial Reporting
This new PCAOB staff Spotlight shares insights from recent outreach on how audit firms and public companies are integrating generative AI in audits and financial reporting.
24 July 2024: Guidance – Using GenAI in a SMP
In this LinkedIn article by Inflo CEO Mark Edmondson read how a US SMP are using GenAI.
June 2024: Guidance – AICPA Resources on AI
To help accountants find the AI coverage most relevant to them, the Journal of Accountancy has created a dedicated webpage for all its AI content.
21 June 2024: Article – How Gen AI Impacts Accountants
This IFAC Gateway article examines how Gen AI stands to impact the accountants.
1 May 2024: Guidance – AI and Fraud
AI technology can be misused for fraud, but accountants also can use it to detect fraud. Learn how to manage AI-generated fraud risks by reading this Journal of Accountancy article.
25 April 2024: Guidance – How SMPs Can Transform Audit Technology
This AICPA podcast examines how accountants can appropriately rely on AI.
April 2024: Guidance – Audit with Generative AI
The US Center for Audit Quality has published ’Auditing in the Age of Generative AI’.
1 April 2024: Guidance – How SMPs Can Transform Audit Technology
In this article leaders of the US accountancy profession offer suggestions for how firms, especially SMPs, can transform their audit technology.
1 April 2024: Guidance – Getting Best Results from Generative AI
This article explains how the emerging art of ‘prompt crafting’ i.e., the instructions a user gives to the software, can deliver more powerful results from platforms like ChatGPT and Google Gemini.
1 April 2024: Panel Discussion on Gen AI
This panel discussion provides perspective on the potential, perils, and place of GenAI in the wider context of artificial intelligence and automation.
1 April 2024: Guidance – Using Microsoft Copilot
Microsoft Copilot merges generative AI with key apps, potentially revolutionizing how accountants work. This article looks at what early adopters say.
1 March 2024: Microsoft’s New AI Tool
This article looks at Microsoft’s new AI tool, Copilot. Copilot is an AI system designed by Microsoft that is replacing the virtual assistant Cortana and Bing Chat. Copilot will become an integral part of pretty much all Microsoft products and services that accountants use.
21 February 2024: Guidance – AI for Accountants
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 accountants? Find out in this podcast.
1 February 2024: Guidance – AI for Auditors
In this article firm leaders explain why they are using artificial intelligence to transform audits and how they are handling barriers to AI adoption.
29 January 2024: Guidance – Generative AI for SMPs
This article examines how SMPs can leverage generative AI including advice on how to pick the right model.
19 December 2023: Guidance – The Uses of AI for SMPs
In October 2023, IFAC’s Small- and Medium-Sized Practices Advisory Group (SMPAG) heard a presentation on the use of artificial intelligence (AI) at SMPs from Danielle Supkis-Cheek (SMPAG Member, AICPA). The presentation can be accessed here.
16 November 2023: Risks and Opportunities of Generative AI
Watch the Good Governance Academy’s 10th Colloquium – The risks and opportunities of Generative AI here.
30 October 2023: Using ChatGPT for Accounting
This article explains that ChatGPT is a language model that uses probability to create a text-based answer to your question. But since maths and accounting hinge on accuracy, not probability, this matters to accountants.
23 October 2023: Guidance – Impact of AI and IA on Work of Accountants
Artificial intelligence (AI) and intelligent automation (IA) are creating significant opportunities for organizations and individuals and are shaping the future of professional accountants as leaders and business partners. Watch this presentation to learn more.
12 September 2023: Guidance – Using AI to Improve Firm Operations
This article describes 12 ways an SMP can use AI to improve operations including better serving clients.