Please ensure Javascript is enabled for purposes of website accessibility
October 2, 2023

Conspiracy: Firms Aren’t Investing As Much Money Into AI Technology As They Claim

Comment left on this post about AI acceptable use policies at accounting firms:

screenshot of a Going Concern comment

Is this like the time EY said it “saved” $400 million on Everest because the business freeze and deferments as a result of its planning meant they didn’t spend $400 million on other things during that period? Is it possible that black belts of financial martial arts could be fudging the truth? 🤔

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

1 Comment

  1. in my second week of starting my first job (8 years ago), a partner told me they are investing “hundreds of millions” into AI and they’ll be reading contracts and doing lease workpapers for us soon. Anyways it’s been 8 years and I’m still waiting on that AI to do the bare minimum. Why do all the AIs have to be screenwriters, why can’t any of them read lease agreements????

Comments are closed.

Related articles

Obvious Figure of the Day: 95% of Hiring Managers Are Having Trouble Finding Finance and Accounting Talent

Fun number of the day: 95%. That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. The figures come from a survey of hiring managers and employees from small (20-249 employees), midsize (250-499 employees) and large (500-plus employees) private, publicly listed and public sector […]

Toronto skyline

Marcum Didn’t Let a Little License to Practice Stand in the Way of Providing Professional Services in Ontario

We didn’t get around to writing up this September 25 news release from CPA Ontario last week, better late than never. Here’s what happened: Ontario public accounting licensing body CPA Ontario reached an out-of-court settlement with Marcum LLP resolving allegations of multiple instances of US Marcum partners performing work in Ontario — including issuer audits […]