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How will AI affect accounting jobs?

ThomsonReuters

While the latest version of ChatGPT passed a practice CPA exam , AI primarily remains a tool for aiding accountants and tax professionals, rather than a substitute for human expertise. Robotic process automation (RPA), for example, is software technology that’s designed to act as a complement to processes performed by a human.

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Guide to accountant responsibilities

ThomsonReuters

Some of the key accounting assumptions — which are beneficial for the entity, its management, as well as for those reading the financial statements — include the reliability assumption, accrual assumption, and economic entity assumption, to name a few. Accountant vs. CPA vs. tax preparer: What are the differences?

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SEC Chair Gensler Speaks About the Financial Risks of Artificial Intelligence

Reynolds Holding

It’s being used for natural language processing, translation software, recommender systems, radiology, robotics, and your virtual assistant. This debate is playing out right now in Hollywood, [27] with software developers, [28] and with social media companies. [29] So, whose data is it?