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Generative AI through the lens of accountants and tax practitioners
Rapidly evolving technology is taking the world by storm, and accountants and tax practitioners are looking for use cases to take advantage of the new AI technologies.
As technology advances, professionals also need to advance their dexterity in the use of technology.
How do professionals select technology that brings workflow efficiency gains while also aligning with their ethical and legal obligations?
Accountants and tax practitioners should only consider generative AI tools that use trusted source content and are trained and monitored by subject matter experts knowledgeable in accounting and tax.
While AI isn't replacing accountants and tax practitioners, it can act as a powerful companion, helping guide decision making, augment existing capabilities, and highlight valuable data that previously may have been missed. With AI and automation working together, professionals can focus their professional judgment and expertise more directly on complex situations, enhancing their value.
This e-book will explore generative AI through the lens of accountants and tax practitioners.
Specifically, we will cover:
- Generative AI and how it works within the Professional Code of Conduct and Tax Agent Services Act 2009.
- How AI is changing the game for the tax and accounting industry.
- Accountability, bias, and the limitations of current generative AI.
- What’s next for accountants and tax advisers?
- Wolters Kluwer CCH strategy for technological innovations and AI.
The AI-powered tax and accounting firm of the future is already a reality.
Future-focused firms rely on solutions that leverage machine learning and predictive intelligence to improve efficiency, automate routine tasks and reduce errors, allowing for more time to focus on higher-value services.
Read the e-book to find out some of the ways accounting firms can use AI today and into the future.
