What will the accounting industry look like in 2040? Will Skynet launch a nuclear apocalypse, leaving robots to inherit Earth’s charred, radioactive remains, or will it just ruin the Terminator franchise with unnecessary and confusing reboots? Will accountants be plugged into a giant matrix, their bioelectricity used to power evil machine overlords, even though a […]
Financial disciplines have long been the first thought-of areas where technology like artificial intelligence will cause dramatic disruption and upend entire ways of thinking. Accountancy is certainly no different from others in the finance umbrella, and we continue to see headlines explaining Why Artificial Intelligence is the Future of Accounting. In many ways, the AI […]
When asked whether artificial intelligence and blockchain will play a role in accounting and finance teams’ Sarbanes-Oxley compliance efforts in the near future, Brian Christensen said, without hesitation, “Absolutely.” “The question is, how far down the road is that?” said Christensen, executive vice president of global internal audit and financial advisory at consulting firm Protiviti. […]
Some smart people are starting to contemplate how to keep artificial intelligence safe and in-check. It’s a fascinating topic, especially after Facebook had to shut down their AI chatbot after it started to develop its own language in August. Plus, I have a feeling it’s going to trickle into the scope of work for an […]
Say hi to Ailira, everyone, aka “Artificially Intelligent Legal Information Resource Assistant.” She’s here to help with all your tax research needs. Well, in Australia, anyway: Ailira, or “Artificially Intelligent Legal Information Resource Assistant” is so clever at tax that her creator believes she could help prompt the end of human tax agents. And within […]
Exposure Drafts is a satirical look at the eccentricities of the accounting profession brought to you by veteran Going Concern contributor Greg Kyte. Send comments and suggestions to [email protected]oingconcern.com.
News flash: Artificial intelligence (AI) and other cognitive technologies are eliminating jobs left and right. Bloomberg reports as many as 5 million jobs by 2020. Oh, calamity. Should auditors be worried? The short answer is no…don’t lose sleep over it. Why? First off, cognitive technologies (even super cool advanced ones) are best with structured tasks […]