An interview with Professor Rashied Small, Chairman of the PAFA Accountancy Learning & Development Advisory Group
While artificial intelligence (AI) is by no means new technology, its parameters are constantly shifting thanks to the introduction of new AI tools, thereby revolutionising what AI makes possible. It’s for this reason that headlines across the media have recently been awash with mention of ChatGPT and all its ramifications, including its impact on accountancy professionals.
Much like most other industries, professionals in the accountancy world have questioned how AI tools like ChatGPT will impact their roles, specifically whether the technology is a threat to their jobs. It is important to acknowledge that AI, like any other advancement in technology, is simply a tool that can and should be used by Professional Accountants (SA) to improve the quality, efficiency, and effectiveness of their services.
While AI does have the ability to take on some aspects of an accountancy professional’s role, there’s no reason to fear the worst just yet. AI and technology in general are not going to take over the work of Professional Accountants (SA) in a hurry. It’s important that we see them as enablers to providing clients and the industry at large with more value-added services.
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