ChatGPT Beats Humans at Financial Statement Analysis

SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubChapters(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 NotesStudy: ChatGPT Better at Financial Statement Analysis Than Humanshttps://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524PwC to resell ChatGPT Enterprisehttps://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterpriseEY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting professionhttps://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technologyChange 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-helpfulPotential deposit shortfall in Synapse bankruptcy falls in regulatory grey areahttps://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence’ at WWDC 2024https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launchHow 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 internethttps://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-newsFact Check: Is The IRS Really Giving An $8700 Stimulus Check?https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page