ChatGPT Passes CPA Exam on Second Try

Its average score was 85.1.

By Rick Richardson
Technology This Week

An improved and better-trained version of ChatGPT took a simulated CPA test after an earlier failure and passed, similar to the roughly half of human applicants who fail on their first attempt. But does this trial suggest that ChatGPT will soon compete for accounting positions?

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“This calls into question the ‘competitive advantage’ of the human accountant relative to the machine. To our knowledge, for the first time, AI has performed as well as most human accountants on a real-world accounting task. This raises important questions of how machines and accountants will work together in the future,” the study’s authors said.

Posted on July 4, 2023

Rick Richardson

About the Author

Rick Richardson, CPA.CITP, CGMA, is the CEO and founder of Richardson Media & Technologies and editor and publisher of Technology This Week, regularly featured at CPA Trendlines under special arrangement.

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Technology This Week provides an easy to read digest of the technology that tax and accounting practitioners need to know to better serve their clients. Professionals rely on Richardson to tell them in a timely and informative manner what’s new in technology and how it will impact their business and personal lives. Subscribers also have access to the entire library of prior issues with an easy-to-use search.

With all of the news sources available today, it's next to impossible to keep up with what's new in the world of technology. Technology This Week is a 20-minute read designed for an average reader rather than the technologist. Richardson had a 28-year career in technology with Ernst & Young, the last twelve years of which he served as National Director of Technology. He has been named to the "Technology 100" – the annual honors list of the 100 key achievers in technology in America. He has also been honored by the American Institute of CPAs with two lifetime achievement awards for his contributions to the profession in the field of technology. In 2012, Rick was inducted into the Accounting Hall of Fame by CPA Practice Advisor Magazine. He has also been named to the 100 most influential individuals in the accounting profession in America by Accounting Today magazine. He is a sought-after speaker around the world, providing his annual forecast of future technology trends to thousands of business executives, professionals, community leaders, educators, and students.

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