TECH and FINTECH

Can Big Data Spot Financial Fraud?

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woman leaning toward desktop computer screen

Google searches give auditors a glimpse of true sales.

By CPA Trendlines Research

Google Trends is a free service at the world’s most widely used search engine. In an instant, users can see how often a keyword has been the target of a search.

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When that keyword is a product, the searches tend to reveal something about sales.

And that should be of interest to auditors.
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Humans Beat AI in Some Aspects

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… but not all. What that means for the profession.

By Hitendra Patil
Rise of The AiCCOUNTANTS

A research study by the American Accounting Association evaluated the performance of ChatGPT on accounting-specific content.

MORE: Why Accountants Should Embrace Artificial Intelligence | AI Brings Opportunities for Accountants | Seven Things You Must Know about AI
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The study was conducted by a team of 327 coauthors from 186 educational institutions worldwide, who entered 25,817 assessment questions and evaluated the accuracy of ChatGPT’s responses.
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How to Leverage ChatGPT in Advisory Work

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Learn the language of commands and prompts. And check the math.

By Sandi Leyva

The generative AI model ChatGPT, developed by OpenAI, has been out for over a year. Yet, roughly half of the accounting professionals taking my ChatGPT webinars haven’t found the time to try it out yet. In this article, I want to give you a sneak peek into just one of the many tasks ChatGPT can perform for you to shorten your day potentially.

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Let’s say you have a client with some advisory questions. They want to know the answers to the following four questions based on sales data for a particular period:

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Telehealth Advances with AI-Powered Clinics

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Patients can perform their own tests, draw their own blood, and more.

By Rick Richardson
Technology This Week

Soon, you will find at a nearby mall, fitness center or office building an artificial intelligence-powered standalone doctor’s office where you, the patient, take your vital signs and draw your blood.

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Several tech-driven initiatives, such as telehealth and concierge medicine, are upending the typical yearly physical. Around the nation, a business called Forward is setting up CarePods, hoping people will routinely visit them for specific issues and preventative care.

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Why Accountants Should Embrace Artificial Intelligence

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AI didn’t cause the talent shortage … and it won’t solve it, either.

By Hitendra Patil
Client Accounting Services: The Definitive Success Guide

  1. Artificial intelligence says, “It’s essential to recognize that the talent shortage in the accounting profession is not a new problem. The profession has been facing challenges in attracting and retaining talent for many years, with factors such as increasing workloads, long hours and a lack of work-life balance contributing to the problem. Addressing these issues is crucial to ensuring the profession’s continued success.”

Wait. Don’t believe AI at face value.

MORE: AI Brings Opportunities for Accountants | Seven Things You Must Know about AI
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  1. Because AI also says, “An important factor (why AI cannot easily replace accountants) that cannot be overlooked is the significant role that trust plays in the accounting profession.”

Wait. Don’t trust AI at face value.
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