ENG2409. Generative AI - Practical Uses in the Profession (TCH, FIN)

In this session the panel will discuss practical uses of generative AI in public accounting. Recent advances in transformer-based deep neural networks have enabled a number of generative AI systems notable for accepting natural language prompts as input. These include large language model chatbots such as ChatGPT, Bing Chat, Bard and LLaMA, and many more quickly being developed. Our profession is ripe to be disrupted by these advances in Generative AI. The panelists will share their real-life experiences of projects they are currently engaged in, that will directly impact existing advisory, audit and tax practices as we know them today.

Learning Objectives:

• Recognize generative AI as it relates to the profession.
• Identify tasks in the profession that are ripe for disruption.
• Recognize what firms are doing today with generative AI.
• Identify developing generative AI advances that may benefit for firms.