How accountants can appropriately rely on AI Journal of Accountancy Podcast

Danielle Supkis Cheek, CPA, vice president and head of Analytics & AI for Caseware, had an interesting way to continue her exploration of the ethics of using AI tools in accounting: She asked ChatGPT to give her an answer.
The response helped in her assessment of such tools. She shared more about that result — and answered our questions — in this episode of the JofA podcast. 
What you’ll learn from this episode:
·         What a well-known generative AI tool had to say about the risks of using large language models in accounting.
·         The surprising thing an early version of ChatGPT said about Supkis Cheek.
·         The top-of-mind AI ethics concerns for the accounting profession.
·         How the development of smaller-scale language models, with accounting specifics, can improve confidence in large language models.
·         An explanation of the MAYA principle as it relates to AI.
·         Thoughts on taking a “measured approach” when it comes to AI auditing.