By Thomson Reuters Tax & Accounting
In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception.
Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. The Thomson Reuters ChatGPT and Generative AI survey conducted between May 3-15, 2023, found that 73% of 771 tax professionals acknowledge the tech can be used for tax, accounting, and audit work, yet only about half think that it should be.