Digital recommended reading

This Q&A published by the AICPA’s Journal of Accountancy provides useful guidance on using Copilot in Microsoft Outlook.

The Audit and technology playbook: A practitioner’s guide, developed by Chartered Accountants Australia and New Zealand (CA ANZ) and ACCA, offers a comprehensive guide to help auditors adapt and thrive in this changing landscape.

This step-by-step guide shows how the advanced data analytics features in Power BI can solve business problems in minutes rather than hours.

This AICPA ‘AI Road to AI Implementation infographic is designed to help implement an artificial intelligence strategy by serving as a checklist of things an SMP needs to consider as it embarks on the journey to transformation. And once the practice is ready to get in the driver’s seat to transformation, check out the AICPA’s toolkit and other resources.

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.

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.

Watch the ACCA’s AI Virtual Conference on-demand here.

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.

In this LinkedIn article by Inflo CEO Mark Edmondson read how a US SMP are using GenAI.

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.

This IFAC Gateway article examines how Gen AI stands to impact the accountants.

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.

This AICPA podcast examines how accountants can appropriately rely on AI.

The US Center for Audit Quality has published ’Auditing in the Age of Generative AI’.

In this article leaders of the US accountancy profession offer suggestions for how firms, especially SMPs, can transform their audit technology.

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.

This panel discussion provides perspective on the potential, perils, and place of GenAI in the wider context of artificial intelligence and automation.

Microsoft Copilot merges generative AI with key apps, potentially revolutionizing how accountants work. This article looks at what early adopters say.

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.

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.

In this article firm leaders explain why they are using artificial intelligence to transform audits and how they are handling barriers to AI adoption.

This article examines how SMPs can leverage generative AI including advice on how to pick the right model.

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.

Watch the Good Governance Academy’s 10th Colloquium – The risks and opportunities of Generative AI here.

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.

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.

This article describes 12 ways an SMP can use AI to improve operations including better serving clients.