Owen Hewitt, is a trainee chartered accountant at accountancy firm haysmacintyre.
He’s two years into his training with more exams coming up this year.
What’s unusual about him and his peers, is that they will be the first generation of accountants to use artificial intelligence (AI) right from the beginning of their careers.
What’s unusual about him and his peers, is that they will be the first generation of accountants to use artificial intelligence (AI) right from the beginning of their careers.
“These (AI) can remove the burden of the more time-consuming tasks, like analysis of financial data,” says Mr Hewitt.
That leaves the humans to focus on more subjective – and more interesting – decisions, like whether a business is viable, or whether debts are likely to be paid.
“Whilst AI can learn from data and make predictions, it can’t yet replace the human judgement required to weigh up different variables and make an informed decision,” he says.
So, AI is increasingly being used for routine and time-consuming tasks such as summarising documents, creating content, drafting documentation, advanced searching, analytics and insight and knowledge management – often work done by more junior accountancy staff.
“When you look at some of the tasks that auditors were doing – some of the boring, mundane tasks around churning data and manipulating it into a format where you can then actually do something valuable with it – that’s where artificial intelligence can play a really big part,” says Matthew Campbell, audit chief technology officer for KPMG UK.
Owen Hewitt, is a trainee chartered accountant at accountancy firm haysmacintyre.
What’s unusual about him and his peers, is that they will be the first generation of accountants to use artificial intelligence (AI) right from the beginning of their careers.
He’s two years into his training with more exams coming up this year.
“These (AI) can remove the burden of the more time-consuming tasks, like analysis of financial data,” says Mr Hewitt.
What’s unusual about him and his peers, is that they will be the first generation of accountants to use artificial intelligence (AI) right from the beginning of their careers.
What’s unusual about him and his peers, is that they will be the first generation of accountants to use artificial intelligence (AI) right from the beginning of their careers.
“These (AI) can remove the burden of the more time-consuming tasks, like analysis of financial data,” says Mr Hewitt.
That leaves the humans to focus on more subjective – and more interesting – decisions, like whether a business is viable, or whether debts are likely to be paid.
“Whilst AI can learn from data and make predictions, it can’t yet replace the human judgement required to weigh up different variables and make an informed decision,” he says.
So, AI is increasingly being used for routine and time-consuming tasks such as summarising documents, creating content, drafting documentation, advanced searching, analytics and insight and knowledge management – often work done by more junior accountancy staff.
“When you look at some of the tasks that auditors were doing – some of the boring, mundane tasks around churning data and manipulating it into a format where you can then actually do something valuable with it – that’s where artificial intelligence can play a really big part,” says Matthew Campbell, audit chief technology officer for KPMG UK.
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