ChatGPT Beats Humans at Financial Statement Analysis

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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