Artificial intelligence has always been met with both excitement and fear. It can make tasks much easier — but it can also replace jobs. It gets the same mixed reception in the world of accounting.
For CPAs who use it well, automation can take over some of the more mundane, time-consuming tasks. For CPAs offering advisory services, an estimated 80% of advisory time is used for processing information — just the sort of thing automation is built for. With so much effort devoted to tasks a machine could do, CPAs and their clients alike may begin to wonder if the CPA could just be replaced by this incredible technology.
For companies who are intrigued by the idea of AI replacing their CPAs (and CPAs who fear as much), it might be time to pump the brakes a little. As with other technologies that have emerged over the years, this tool is only as good as the craftsman who wields it. Here's why every business should have a real, live CPA — even with the advancement of AI.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2021/08/16/why-every-business-needs-an-accountant---dont-leave-it-up-to-ai/?sh=13d61b731a83
For CPAs who use it well, automation can take over some of the more mundane, time-consuming tasks. For CPAs offering advisory services, an estimated 80% of advisory time is used for processing information — just the sort of thing automation is built for. With so much effort devoted to tasks a machine could do, CPAs and their clients alike may begin to wonder if the CPA could just be replaced by this incredible technology.
For companies who are intrigued by the idea of AI replacing their CPAs (and CPAs who fear as much), it might be time to pump the brakes a little. As with other technologies that have emerged over the years, this tool is only as good as the craftsman who wields it. Here's why every business should have a real, live CPA — even with the advancement of AI.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2021/08/16/why-every-business-needs-an-accountant---dont-leave-it-up-to-ai/?sh=13d61b731a83
