The meeting was dedicated to:
- Birth of audit in Ukraine in 1993
- Formation and development of modern audit
- European vector of the future of audit in Ukraine
As part of the roundtable discussion on the future of the audit profession, Alla spoke on the topic of “Chat GPT — the future of accounting profession”.
With the increasing demand for automatisation and efficiency in the accounting industry, it is important to stay one step ahead. One way to do this is to implement ChatGPT technology in your practice. ChatGPT is a conversational chatbot powered by artificial intelligence. It can understand and respond to request input, making it a valuable tool for professional accountants.
Here are just a few reasons why you should consider using ChatGPT in your practice:
- Improved communication with customers: ChatGPT can automate answers to frequently asked questions, saving time to focus on more complex tasks. This will not only reduce your response time, but also improve the overall customer experience.
- Simplified tax preparation: ChatGPT can help with basic tax calculations, tax law research, and form preparation. This will help you save time and reduce the risk of errors, allowing you to provide high quality tax services to your clients.
- Efficient accounting: ChatGPT can automate routine accounting tasks such as data entry, invoicing and account reconciliation. This will save your time to focus on more strategic tasks and allow you to provide better services to your clients.
- Improved audit support: ChatGPT can help you prepare for an audit by creating checklists and performing initial data analysis. This will make the audit process more efficient and allow you to identify and resolve issues faster.
- Personalised financial planning: ChatGPT can provide clients with financial planning and advice, including retirement planning and investment strategies. This will allow you to offer a more comprehensive set of services and strengthen your reputation as a trusted advisor.
Example of creating an audit checklist
Example of creating templates in Excel
To summarise, ChatGPT is a valuable tool for professional accountants striving to improve efficiency and optimise their practice. By using this technology, you can provide better services to your clients and stay one step ahead in an ever-changing industry. Artificial intelligence (AI) has the potential to revolutionise the accounting industry by making tasks faster, more accurate and more efficient. One of the most important ways AI helps accountants is automatisation of repetitive tasks.
BDO in Ukraine is always ready to support you on your way to digitalisation and optimisation of workflows. To find out what solutions we can provide you with, WRITE US and we will be happy to help.