It’s time to check-in on the fast-moving world of artificial intelligence (AI) and learn how it’s impacting workplaces in 2024. Kayur Patel is a Chartered Accountant, and lecturer at the University of Auckland, who specialises in Generative AI. It’s his job to explain the state of play and to help educate accountants and their clients on how GenAI works, what it means for their businesses and why GenAI has a role in the future.

This discussion takes place over two episodes. Part 1 sets the scene while part 2 focuses on accounting-specific use cases for small and medium-sized practices.

“If we take that down to what we do as chartered accountants and the way that we help organisations, I think the biggest impact that we need to be thinking about is all around productivity.”

“Humans with AI will replace humans without it. Now that’s not going to happen tomorrow but I think that’s probably the next horizon that we’re looking at so I think it’s extremely important to get across this.”

Resources referred to in the episode:

• CA Library Artificial Intelligence general reading list
• CA Library articles/resources involving AI and accountancy:
  • AI and the transformation of the CFO role (Isaac Heller, Strategic Finance, January 2024)
  • Generative AI in accounting applications (Kelly Richmond Pope et al, Strategic Finance, November 2023)
  • Writing advanced Excel macros with GPT-4 (Fidel Dhana, Journal of Accountancy, November 2023)
  • Six principles for the effective use of artificial intelligence large language models (Daniel Street et al, CPA Journal, Nov/Dec 2023)
  • Accounting in the age of generative AI (Tala Khalifeh, Strategic Finance, October 2023)
  • Innovative processes in finance and accounting (AI and automation) (Vineet Jain, Strategic Finance, October 2023)
  • Generative AI and risks to CPA firms (Sarah Beckett Ference, Journal of Accountancy, October 2023)
  • The future of accounting: how artificial intelligence is revolutionizing the field (ACCA & Learn Signal, 31 October 2023)
  • Ethical principles apply to AI (Accounting) (Daniel Butcher, Strategic Finance, August 2023)
  • Using ChatGPT with Excel (Kelly L. Williams, Journal of Accountancy, April 2023)
  • The future of finance with ChatGPT and Power BI: transform your trading, investing, and financial reporting with ChatGPT and Power BI (James Bryant & Aloke Mukherjee, Packt Publishing, 2023. eBook)
• Small Firm, Big Impact episode from Season 3: Accounting and generative A.I.