6 answers
Aubrey
Student
South Lyon, Michigan
1
Question
Updated
824 views
What does the accounting industry forecast the future use(s) of ChatGPT to assist in solving accounting problems (i.e., quality control, adherence to industry standards, etc.)?
As ChatGPT is becoming more developed and popular, I'm interested in the future application of this AI tool to the accounting industry but also have reservations on the level of trust using it
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6 answers
Steven Graham
Chief Accounting Officer, Corporate Controller, VP Finance
29
Answers
Boynton Beach, Florida
Updated
Steven’s Answer
Aubrey,
The large firms has already developed their own AI programs for use in audits and continue to refine those programs. They generally are not ChatGPT. The second tier and smaller firms may be using proprietary pgrograms, ChatGPT and / or other programs.
To see how AI is expected to change the accounting profession, take a look at the March issue of the AICPA magazine and the Wall Street articles in the apr 7 and April 10 issues. They lay out very clearly the effect AI is currently expected to affect the profession and how the big 4 accounting firms are making related changes to the manner in which they operate. In addition, the May issue of the journal of accountancy has an excellent article that details the soft skills that accountants will still need to have in order to be successful.
Whatever you do in college, AI has to be an integral part of your training.
Good luck.
https://www.journalofaccountancy.com/issues/2026/feb/how-ai-is-transforming-the-audit-and-what-it-means-for-cpas/
https://www.wsj.com/cfo-journal/in-this-critical-part-of-audits-the-accountants-role-is-shrinking-fast-69c7f2bc
https://www.wsj.com/lifestyle/careers/accountants-audit-inventory-tax-day-59b1b71f
https://click.e2.aicpa.org/?qs=ABB7InYiOjEsImQiOjQ4Njd9AAcAAAAAAPZ-ZbQ2BikjGC03zVIHxXNhjX5qC_CaH0hfMEFYgk4cvCWFziy9ZufwNCiZV0NIC6fe0iBcRmRigQSNjPPUJe-c0a1bdMGpmSyIQkoJb8L9YHb8
If you hit a paywall, please let me know and I'll copy and post the whole doc...
The large firms has already developed their own AI programs for use in audits and continue to refine those programs. They generally are not ChatGPT. The second tier and smaller firms may be using proprietary pgrograms, ChatGPT and / or other programs.
To see how AI is expected to change the accounting profession, take a look at the March issue of the AICPA magazine and the Wall Street articles in the apr 7 and April 10 issues. They lay out very clearly the effect AI is currently expected to affect the profession and how the big 4 accounting firms are making related changes to the manner in which they operate. In addition, the May issue of the journal of accountancy has an excellent article that details the soft skills that accountants will still need to have in order to be successful.
Whatever you do in college, AI has to be an integral part of your training.
Good luck.
https://www.journalofaccountancy.com/issues/2026/feb/how-ai-is-transforming-the-audit-and-what-it-means-for-cpas/
https://www.wsj.com/cfo-journal/in-this-critical-part-of-audits-the-accountants-role-is-shrinking-fast-69c7f2bc
https://www.wsj.com/lifestyle/careers/accountants-audit-inventory-tax-day-59b1b71f
https://click.e2.aicpa.org/?qs=ABB7InYiOjEsImQiOjQ4Njd9AAcAAAAAAPZ-ZbQ2BikjGC03zVIHxXNhjX5qC_CaH0hfMEFYgk4cvCWFziy9ZufwNCiZV0NIC6fe0iBcRmRigQSNjPPUJe-c0a1bdMGpmSyIQkoJb8L9YHb8
If you hit a paywall, please let me know and I'll copy and post the whole doc...
Miguel Lopez
accountability
1
Answer
Mexico City, Mexico
Updated
Miguel’s Answer
Hello Aubrey,
AI is already being utilized to reduce workloads and help automate—or eliminate—highly tedious processes.
It is essential to adapt to these new tools and engage in continuous training, as they are evolving on a daily basis. While they are not currently employed in every job, it will soon become fundamental to possess knowledge of these tools.
Finally, I believe that AI will ultimately be regulated to serve more as an assistant than as a replacement, given that critical thinking remains fundamental in certain sectors.
AI is already being utilized to reduce workloads and help automate—or eliminate—highly tedious processes.
It is essential to adapt to these new tools and engage in continuous training, as they are evolving on a daily basis. While they are not currently employed in every job, it will soon become fundamental to possess knowledge of these tools.
Finally, I believe that AI will ultimately be regulated to serve more as an assistant than as a replacement, given that critical thinking remains fundamental in certain sectors.
Michelle Petrovski, MS Accounting
Auditor/Accountant
6
Answers
New York, New York
Updated
Michelle’s Answer
Hi, I work in auditing at PricewaterhouseCoopers in NYC, and we use AI every day. AI helps us test faster, do math in Excel, organize and understand data, and read and summarize PDFs. There's not enough time to do everything manually, so AI handles a lot of Excel tasks and reading. The company tracks how we use AI to make sure we're getting the most out of it, and they rank us based on usage. AI is also important for writing emails, setting calendar invites, and preparing client deliverables. It compares data and provides summaries. We need to find more ways to use AI, like having bots to assist us.
Ben Petersen
Senior Auditor, CPA
7
Answers
Cincinnati, Ohio
Updated
Ben’s Answer
AI is already being used by large accounting firms on a daily basis. Most firms have their own AI tools that are similar in nature to ChatGPT, but are trained on company-specific and industry-specific information. AI is most definitely going to continue growing in terms of its usage in the accounting field, so being comfortable with it is a good idea. At the moment, it is primarily an assistant in completing tedious tasks, doing research, and answering questions.
I think the research aspect is particularly useful, and I would encourage you to explore when you get the chance in a classroom or professional setting. Accounting guidance is dry and dense, so AI summaries and references can be very helpful in saving time. I frequently use Deloitte's AI software to research accounting questions I am unsure of, then I check the sources to make sure the AI outputs are accurate. A popular motto in audit work is "trust but verify," and this applies to AI as well. Use it as a resource, but do not take it at face value.
I think the research aspect is particularly useful, and I would encourage you to explore when you get the chance in a classroom or professional setting. Accounting guidance is dry and dense, so AI summaries and references can be very helpful in saving time. I frequently use Deloitte's AI software to research accounting questions I am unsure of, then I check the sources to make sure the AI outputs are accurate. A popular motto in audit work is "trust but verify," and this applies to AI as well. Use it as a resource, but do not take it at face value.
Sandeep Khandelwal
Software Engineer
128
Answers
San Ramon, California
Updated
Sandeep’s Answer
Hello Aubrey,
AI tools like ChatGPT are already being used in accounting as assistants not decision-makers. They help with tasks like drafting reports, checking data, supporting audit preparation, and even flagging anomalies for review.
In the future, they’ll likely play a bigger role in quality control, compliance checks, and data analysis, helping accountants work faster and catch issues earlier.
So the direction of the industry is not replacing accountants, but augmenting them. The most successful professionals will be those who know how to use AI tools effectively while still applying human judgment and ethical standards.
AI tools like ChatGPT are already being used in accounting as assistants not decision-makers. They help with tasks like drafting reports, checking data, supporting audit preparation, and even flagging anomalies for review.
In the future, they’ll likely play a bigger role in quality control, compliance checks, and data analysis, helping accountants work faster and catch issues earlier.
So the direction of the industry is not replacing accountants, but augmenting them. The most successful professionals will be those who know how to use AI tools effectively while still applying human judgment and ethical standards.
Thalia Mora
Tax associate
2
Answers
Mexico City, Mexico
Updated
Thalia’s Answer
Hi Aubrey!
AI tools are super important these days because they help make things more efficient, improve decision-making, and keep businesses competitive. They can automate repetitive tasks like basic customer service, data processing, and inventory management, making these jobs quicker and more accurate.
Another great thing is personalization. AI can suggest products or content based on what each person likes, which makes the experience better and can boost sales.
AI tools are super important these days because they help make things more efficient, improve decision-making, and keep businesses competitive. They can automate repetitive tasks like basic customer service, data processing, and inventory management, making these jobs quicker and more accurate.
Another great thing is personalization. AI can suggest products or content based on what each person likes, which makes the experience better and can boost sales.