Artificial Intelligence

Despite being a major investment, expert say that embracing artificial intelligence implementation and training now will work out in a company’s favour in the future.

As technology continues to develop at an increasingly fast pace, Canadian companies are taking notice—and making great strides in the right direction. We’re hearing fewer conspiracies about robots ruling people and seeing less tinfoil hats. Instead, we’re thinking of how we can use these advances to give us a competitive edge. CPAs in particular are exploring how advantageous AI can be when it comes to financial reporting.

Read more: AI hesitation and why investing now could pay off

Learn the fundamentals of artificial intelligence (AI) in the first of a planned series of publications to explore AI and its impact on the CPA profession. In collaboration with the American Institute of CPAs (AICPA), CPA Canada has issued this publication, A CPA's Introduction to AI: From algorithms to deep learning, what you need to know, as a foundational resource for all CPAs. It explains the AI "buzzwords" and terms you have likely been hearing (e.g. machine learning, deep learning, robotic process automation, computer vision, etc.), discusses the evolution of data, AI and computing power, and helps you to begin learning about AI and how it might impact your work.

Learn more: A CPAs Introduction to AI - From Algorithms to Deep Learning

This six-part series of 10-minute reads illustrates the versatility and ubiquity of new digital technologies such as artificial intelligence (AI) and spotlight CPAs’ changing competencies and emerging opportunities in this area.

Learn more: AI and machine learning for complex business decision-making

Will robots replace CPAs? The short answer is no, if we learn to embrace artificial intelligence and the opportunities it presents. Here's how you can gear up for the future.

Learn more: Accountants can only gain from AI, say experts

Artificial intelligence is reshaping business—though not at the blistering pace many assume. True, AI is now guiding decisions on everything from crop harvests to bank loans, and once pie-in-the-sky prospects such as totally automated customer service are on the horizon. The technologies that enable AI, like development platforms and vast processing power and data storage, are advancing rapidly and becoming increasingly affordable. The time seems ripe for companies to capitalize on AI. Indeed, we estimate that AI will add $13 trillion to the global economy over the next decade.

Learn more: Building the AI-Powered Organization

Expertise will depend on your role, level of seniority and career trajectory.

Learn more: CPAs, find your own fit with coding, experts say

Fraud and Emerging Tech: Artificial Intelligence and Machine Learning examines the implications of AI and machine learning for mitigating fraud risk. The report includes examples of how these technologies can be used to detect and prevent bribery and corruption, expense fraud, third-party risk (e.g., involving background checks and other due diligence data) and vendor fraud (e.g. involving fake invoices).

Published by Anti-Fraud Collaboration, whose members are the Center for Audit Quality, Financial Executives International, The Institute of Internal Auditors and the National Association of Corporate Directors.

Learn more: Fraud and Emerging Technology

The potent combination of big data and artificial intelligence is set to transform the way we work. Learn more from a CPA's perspective on how these disruptors may impact traditional accounting and finance roles.

Learn more: How are Big Data and AI Transforming Accounting and Finance

The AI Institute is Deloitte’s forum to showcase and advocate for everything to do with artificial intelligence (AI). It helps our clients, Deloitte practitioners and eco-system partners start or scale AI capabilities. It provides thought leadership and enablers on AI risks and applications, guiding us towards a world where man-machine teams create a better tomorrow for all.

Learn more: Igniting AI curiosity

Uncover how artificial intelligence (AI) can empower the profession and help CPAs anticipate future needs with this three-part series developed in collaboration with the American Institute of Certified Public Accountants (AICPA).

Learn more: CPAs and AI

Suddenly, we began to witness AI at a visceral level, and we were amazed by what we saw. Artificial Intelligence no longer feels like “something that’s coming someday.” It is now “something that is here, and ready to change the world.”

Learn more: Top 5 AI Risks In The Era Of ChatGPT and Generative AI

Malik Datardina, governance, risk and compliance strategist with Auvenir, shares his thoughts on the latest AI innovation and what accountants need to know.
There has been a growing interest in ChatGPT as the next big thing in technology innovation since it was launched in November 2022. The move has taken artificial intelligence-based natural language processing (NLP) to a level that makes it accessible to the masses.

But what does that mean for CPAs? To understand the impact of ChatGPT on accounting practices, CPA Canada spoke with Malik Datardina, CPA, governance, risk and compliance strategist with Auvenir in Toronto and volunteer with CPA Canada’s Audit and Assurance Technology Committee.

Learn more: What in the world is ChatGPT?