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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

spring26 accounting artificialintelligence automation dataanalysis fintech audit riskmanagement chatgpt accountants businesstechnology qualitycontrol
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Carrie’s Answer

This is a good question, and many helpful answers are already available. I believe AI will assist accountants instead of replacing them. The tools we use today save time, letting us focus on strategic tasks and building relationships. Interpersonal skills and human connections can't be replaced, but we can use tools to have more time to improve these areas.
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Abdulghani’s Answer

Aubrey, I think the accounting industry sees AI tools as tools to support accountants more than replace them. The biggest future uses seem to be automating routine work like reconciliations, drafting reports, summarizing financial information, spotting unusual transactions, and helping teams review large amounts of data faster and more consistently.
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Chen’s Answer

Hi! Great question.

Alot of public accounting firms start delveoping in-house AI tools using the ChatGPT enginne or Claude. Those AI tools is used in assistance of pulling comparative market information, providing avaiable accounting standard references, responses for accounting questions etc. Each public accounting team has developed goverance metric over the use of AI, and limitation of doucmentes that would be feed into these LLM or agentic AIs, due to confidentiallity of client information etc. There is engourgament to use AI, with boundary and caution.

Hope this helps.
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Michael’s Answer

Hi Aubrey, as an Audit Senior I can tell you that in the past 4 years I have seen the emergence of AI in the industry which helps us a lot in our jobs. Personally, I use it as more of a chatbot function right now which helps me find auditing and accounting standards when I need to do some research. My current company is working to create AI agents which will help populate some of our worksheets and perform the most basic work that we do. However, I don't really forsee AI replacing me or any of my colleagues in the near future. The thing about the public accounting field is it places a lot of responsibility on us humans to make the right decisions and to make important judgment calls. I could see a world where I am reviewing the work of an AI bot (maybe in 5 years) but right now, I think our jobs are pretty safe.
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Isaac’s Answer

Hi, I work for Deloitte in financial statement audit, we have been using AI as a tool but not as an answer for our work. Like you said, its very helpful in quality control and reviewing work. It can also pull data from PDFs to help our testing to make it more efficient for our preparers to complete. However, they are suppose to check the accuracy of the work paper of the AI before the workpaper is sent to the detail reviewer. Then the detail reviewer also does a check on the information and there is also at least one secondary reviewer for each workpapers. So there is plenty of review of the AI work. All of my clients that use AI also need to have proper controls and processes to ensure accuracy and completeness of the work. Part of my job is to make sure they are following proper procedures to catch mistakes in their accounting work. I think your mindset is the correct approach, you should use it as a tool to help but you should always check the work.
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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...
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Tariq’s Answer

AI tools like ChatGPT, Claude, and Perplexity have greatly improved productivity. However, human involvement remains crucial, especially in advisory and consulting roles. These roles involve problem-solving, which is essential. In the future, every accounting professional will need to be tech-savvy. Learning Python and other libraries will be important for tasks like development assistance, workflow automation, and creating reports and dashboards.
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Zack’s Answer

Hi Aubrey! It's great that you're thinking about how AI could be utilized in the professional world, but have some reservations about trusting it completely. In accounting we call that 'professional skepticism', or maintaining a questioning mind and getting evidence before blindly trusting something. I've seen a lot of the larger firms developing their own AI tools for specific tasks or areas of the business to help streamline things. For example, a firm might have an AI tool which helps professionals look through the accounting guidance and pull together a short summary of key requirements, which can be really helpful as a starting point. I have also seen some pretty cool data analysis tools where AI tools 'sit' in our audit technology and give insights. These are super helpful for project managing and letting managers like myself quickly see where the team is at with our projects. But ultimately there is a lot of judgment in accounting, so it's never a bad idea to start with AI and then talk to peers, your managers, colleagues or leaders / teachers to get their perspectives (which I don't think will ever go away!). Hope that helps!
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Rupesh’s Answer

Hi Aubrey,

Tools are amazing because they help people create more creative and complex financial transactions. Just like calculators and computers make numbers more detailed and accurate, AI tools improve how we analyze data and recognize patterns. This can lead to more complex business deals. However, accountants will still need to use their judgment and stay objective.
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Mike’s Answer

GenAI has different uses but a lot of folks are focused on "tell me the answer." I think of it differently - "tell me where to focus my attention." GenAI has great potential to help users summarize, parse, organize and interpret large volumes of data. In the tax/accounting world, accuracy is paramount - but one of our biggest challenges is working with large complex data sets (structured and unstructured). GenAI can help focus a users attention on the correct areas. Just be careful - it does not think - it literally interprets the prompts being submitted. So a prompt for "what is the right answer" is not effective. A prompt for "list and summarize key events that are related to {something}" could help you get more quickly and efficiently to the information you are looking for.
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Greg’s Answer

It's perfectly okay to have some doubts about trusting new technology. AI is becoming a part of our daily lives, helping us work more efficiently. It's important to trust these tools but also to double-check the information they provide. For example, an AI chatbot can answer technical accounting questions and offer links to the sources it uses, allowing people to verify the details themselves. Even if the chatbot isn't 100% correct, it guides users to the right accounting resources, helping them save time.

As more AI tools become available for accountants and their clients, companies are focusing on setting up strong guidelines to ensure these tools are used correctly.
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Brennan’s Answer

In the accounting world, tools like ChatGPT are seen as helpful buddies. They take care of the boring tasks, so accountants can make fewer mistakes and focus on the big stuff. These tools aren't here to replace accountants; they're more like helpful assistants that make work faster and let people tackle tougher decisions.

At my firm, we use AI tools every day. The idea isn't to replace jobs but to help new team members learn more complex tasks sooner in their careers.

Feel free to ask if you have any questions about using AI in accounting and auditing!
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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.
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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.
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YUICHI’s Answer

Many believe that AI tools will act as helpful assistants for accountants, not replace their expert judgment. These tools will likely be most useful for automating simple tasks, speeding up research and writing, improving analysis, and helping with audits and compliance, all while being monitored by people. Surveys from major accounting firms indicate that AI tools will become common in finance and accounting over the next five years.
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Justin’s Answer

I've worked a lot in financial services, and you'd be amazed at how much manual work is involved. With more manual tasks, there's a higher chance for human error. Using ChatGPT or other AI tools can really help reduce the boring, repetitive work for accountants and financial service professionals. This way, they can focus more on checking the quality of the work instead of just entering data.
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Tom’s Answer

Organizations are increasingly exploring how to use AI like ChatGPT to improve efficiency in accounting. Many firms are adopting these tools to streamline tasks such as research, documentation, and analysis, along with offering training on how to use them effectively.
However, there is still an important human element. While AI can support quality control and help ensure adherence to standards, its outputs must be reviewed for accuracy and completeness. Overall, AI will likely serve as a helpful tool to enhance productivity but not replace professional judgment.
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Tichaun’s Answer

Hi Aubrey, great question! It's clear you're thinking in the right direction. In the accounting world, there's a big push to learn AI tools like ChatGPT to handle simple, repetitive tasks. These tasks usually take a lot of time, so using AI helps the team focus on more important work. For more complex accounting issues, AI can provide a good starting point, but we're still figuring out how reliable it is. We often need a human to check the results. Hope this helps!
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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.
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Rebekah’s Answer

I think AI will continue to automate certain tasks in accounting, such as documentation, research, and helping accountants understand complex topic more efficiently. I already find AI tools helpful for things like documenting controls or getting a better understanding of accounting concepts.

That said, I don't think AI will replace accountants because the profession relies heavily on professional judgement, skepticism, and decision-making. Those are areas where human experience and critical thinking are still essential. While AI can be valuable tool, it's important to verify its output and not reply on it blindly. Used appropriately, it can improve efficiency and allow accountants to spend more time on higher-value work that requires judgement and expertise.
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Chloe’s Answer

Great Question! ChatGPT and similar AI tools are likely to become increasingly useful in accounting, but more as assistants than as decision-makers. I think the biggest future uses will be in speeding up routine work, helping draft memos or explanations, summarizing standards or guidance, identifying inconsistencies, and supporting quality control by flagging potential issues for further review.

That said, accounting is an area where judgment, professional skepticism, and compliance with complex standards really matter, so AI should be treated as a support tool rather than something to trust blindly. In other words, it may help accountants work faster and more consistently, but the final responsibility should still rest with a qualified professional who can verify the output and apply context. My main reservation about trust is that AI can sound confident even when it is wrong, so its value will depend on strong human review, clear controls, and proper use policies.
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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.
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Julio’s Answer

Hi Aubrey,

AI is becoming a big part of public accounting, and it's here to help make things easier and more efficient. It's a great tool for research and can really support the work we do. Many firms are offering AI training to ensure everyone uses it well and doesn't just rely on it completely. AI can also help with brainstorming and improving writing, which can be very useful.
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Seita’s Answer

Seita's Answer

From my perspective, the future use of ChatGPT in accounting will likely center on augmenting professional work rather than replacing it. It has strong potential to assist with tasks such as technical research, drafting internal documentation, supporting quality control procedures, and improving consistency in work products. As more accounting case examples and issue-specific data become available, ChatGPT may also become more capable of directly assisting in the resolution of accounting issues. At the same time, the level of trust placed in the tool should remain limited unless its outputs are reviewed by qualified professionals and tested against applicable accounting standards. In other words, ChatGPT may become a valuable productivity tool, but professional skepticism and human oversight will remain essential.
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Meiosha’s Answer

AI tools have been great for boosting productivity and taking care of repetitive tasks, but there's still a lot of decision-making involved in the job. Many of us think AI helps the industry by supporting accountants and auditors with the unique challenges they face.
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Steven’s Answer

In the accounting field, tools like ChatGPT are expected to assist rather than make decisions. They are useful for tasks like research, drafting, summarizing, and initial analysis. In the short term, they will likely be used for quality control, reviewing documents, completing checklists, comparing policies, and identifying potential issues with accounting standards. These tasks benefit from AI's speed and ability to recognize patterns. However, AI can make errors, provide outdated information, and struggle with complex accounting issues, so human oversight will still be necessary for important decisions. The future will likely involve "AI-assisted accounting," where AI helps improve efficiency, but accountants remain responsible for final decisions. It's important to have a strong control framework to ensure AI is used effectively and safely.
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PARTH’s Answer

ChatGPT can assist in accounting workflows by helping draft journal entry explanations, summarize reconciliations, support month-end close documentation, review invoices for exceptions, prepare first-pass financial reporting narratives, and summarize accounting guidance. Its main value is improving speed, consistency, and productivity in repetitive tasks. However, it should be used as a support tool only, since accountant review is still required for accuracy, professional judgment, and compliance with standards.
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Trevor’s Answer

Hi Aubrey,

AI is becoming a big part of accounting, and most firms are already using it. At Deloitte, we use AI for simple tasks like drafting emails, doing basic calculations, and writing memos. It also helps us start our research on accounting treatments. It's important to always double-check AI's results, as it can't replace our professional judgment. But it's definitely a great tool for us these days!

Hope this helps!

Trevor Jensen
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Jack’s Answer

Hello! In my role in M&A, we use AI every day to handle smaller tasks, which helps us avoid repetitive work. It's not about replacing jobs but making them easier. AI is becoming a standard tool in accounting and consulting, and it's important to learn how to use it effectively. There's no need to worry—it's just the next step in our careers. Having AI skills is now expected when you enter the workforce. However, our clients still value the human touch in our work. Keep exploring all the tools you can use!
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Kate’s Answer

AI can assist us in our work but won't completely take over. It allows us to focus on more complex tasks instead of spending time on boring, repetitive work. In accounting, many parts need human judgment, so I see AI as a helper, not a replacement.
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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.
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Elizabeth’s Answer

Hi Aubrey,

There has been a big push across the accounting industry to incorporate AI into our daily operations. While ChatGPT is not always the AI tool used, many of the accounting firms have been making large investments in different AI tools to better help us progress. From my experience, I have found it very helpful in pointing me to where in the accounting literature I can find treatment for different transactions and help clean up emails to clients. However, it is important to note that while it can point you to guidance, it is crucial to evaluate the relevance and reliability of the guidance on your own. Overall, I would say that it can be very helpful in performing the first step of the work that we do but auditor's judgement is still a key part of the work being performed. Knowing how to use various AI tools will help you as you enter the industry!
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