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Chapters

(00:38) - Blake's Conference Adventures
(03:13) - AI and the Future of Auditing
(05:16) - Insights from the IMA Conference
(10:00) - The AI Tipping Point
(14:48) - Microsoft Announces Delay of Their Ai Recall Tool
(21:33) - AI in Financial Statement Analysis
(34:12) - Community and Future Plans
(38:08) - Synapse Bankruptcy and What It Means for FinTech Banks
(49:50) - PwC and OpenAI Partnership
(51:39) - EY Is Spending $1 Billion on Something
(53:48) - Big Four Compensation Insights
(57:16) - Fake News on Stimulus Checks
(01:00:52) - Listener Mail and Advice for Starting a Firm
(01:07:27) - Wrap-up and Announcements

Show Notes

Study: ChatGPT Better at Financial Statement Analysis Than Humans

https://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524

PwC to resell ChatGPT Enterprise

https://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterprise

EY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting profession

https://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technology

Change is in the air: And it is helpful.

https://www.orcpa.org/news/13ff8628-9c17-43b1-858a-148af698c818:change-is-in-the-air-and-it-is-helpful

Potential deposit shortfall in Synapse bankruptcy falls in regulatory grey area

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848

Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence’ at WWDC 2024

https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launch

How does Sam's Club AI work?

https://www.statesman.com/story/news/state/2024/05/02/sams-club-ai-check-receipt-exit-stores-texas-locations/73526045007/

How fake stories about IRS stimulus checks took over the internet

https://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-news

Fact Check: Is The IRS Really Giving An $8700 Stimulus Check?

https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.html

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

ChatGPT Beats Humans at Financial Statement Analysis

The Accounting Podcast