Machine learning

The accelerator will award up to five companies $20,000 and a showcase spot at next year’s conference.

As digital transformation continues to make headlines, nearly all business professionals agree that advanced technologies are going to significantly change the way we live and work over the next decades.

American Institute of CPAs president and CEO Barry Melancon discussed the use of artificial intelligence, bots and other advanced technology, along with the future role of accountants, at the AICPA’s Spring Meeting of Council in Washington, D.C., on Monday.

Association members will have access to in-person classes and hands-on cognitive learning.

H&R Block’s use of IBM’s Watson technology this past tax season is only one sign of the increasing involvement of artificial intelligence in tax preparation, with even Big Four firms like PricewaterhouseCoopers making major investments in AI for servicing their tax clients.

The technology learns a business's habits over time, then begins to automatically categorize invoices.

The AP clerk job as we know it is about to disappear — but it will be replaced with something more valuable.