Training

AI is only as good as the input it receives. If you feed it vague, biased or incomplete information, you'll get vague, biased or incomplete results.

In the age of AI automation, firms are developing staff with less on-the-job learning in repetitive tasks and more formal training and mentorship that emphasizes critical thinking and skepticism.

AI is increasingly taking on the routine repetitive tasks that, in the past, were handled by entry-level accountants, raising questions.

Take action now to arm your employees with education, awareness, and reminders.

The White House released "America's AI Action Plan," which calls for a wide variety of measures such as cutting regulations, promoting standards, encouraging training and aligning models with certain values.

Speakers at Woodard's Scaling New Heights conference in Orlando noted that while AI certainly can be complicated, even simple applications can have impressive results.

The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals.

While CPA firms far and wide have made major technology investments over the years, the vast majority of accountants say they're not being used to their full potential.

What will be the role of the junior associate once AI takes over all the simple tasks that generate the experience needed for more complex ones?

Forward-leaning firms are increasingly turning to gamification to make accounting more attractive to young professionals.