FVC2419. Let’s Have a Chat: Applying ChatGPT and Other Large Language Models to the Practice of Forensic Accounting

AI large language models (LLMs) like ChatGPT can improve the efficiency of common language generation tasks performed by forensic accounting professionals. In this session, we draw upon emerging academic research to suggest applications of LLMs in the field of forensic accounting. Our demonstrations will showcase both the immense capabilities as well as the significant risks involved in using these tools. Our session includes six specific, practical principles to effectively and safely leverage LLMs.

Learning Objectives:

• Identify ChatGPT and other large language models.
• Recognize ChatGPT’s abilities in financial accounting.
• Analyze strengths and weaknesses of large language models.
• Apply six principles for the effective application of ChatGPT and other large language models.