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Instructor
Brad Burnett
Instructor
The use of plain-English speaking AI (such as ChatGPT) is taking the country by storm. ChatGPT reached 1 million (1M) users within only 5 days of its release. By contrast, to get 1M users, it took Netflix 3½ years, Facebook 10 months and Instagram 2½ months.
What is ChatGPT? It is a computer program designed to generate answers to questions posed. ChatGPT provides information in human-like, conversational responses.
ChatGPT recently passed the CPA Exam, Multistate Bar Exam and Mutlstate Medical Board Exam in flying colors. Will it eliminate the need for lower lever accounting firm or law firm employees? Will employees be needed anymore? Which employees will survive?
Learn more about AI though a series of case studies which face off research done by ChatGPT against more traditional research approaches and google searches.
How CPA Candidates can meet the educational requirements to be a CPA. How many of the following questions can you confidently answer?
1. Is the use of artificial intelligence (AI) in general (and ChatGPT (and similar applications) in particular) helpful in tax practice?
2. If helpful, in what contexts may it best be used?
3. How can ChatGPT save you time?
4. Can ChatGPT make you money?
5. What are the practical limitations on its use?
6. Can the use of ChatGPT be harmful in tax practice?
7. If harmful, what are the pitfalls?
8. Can ChatGPT be a loose cannon leading lambs to slaughter? i.e., Does ChatGPT hallucinate?
9. What are the legal, accounting and tax ethics rules applicable to the use of ChatGPT?
10. Who owns the copyright of material ChatGPT produces? i.e., Can you use ChatGPT’s work product without worry?
11. If an employee uses ChatGPT in lieu of performance by the employee of services, how can the employer detect such use and protect himself (herself or itself)?
12. What are the opportunities and pitfalls in using ChatGPT to provide responses to a client’s inquiries (provide customer service)?
13. How is IRS using AI to detect and catch tax criminals?
14. In tax practice, what are the practical uses of ChatGPT and the not-so-practical uses?
15. How does “how the user formulates the question” bear on “win or lose” in the effective (or not so effective) use of ChatGPT?
16. What other AI programs are available beyond ChatGPT?
17. What must you know to prevent ChatGPT from getting you into trouble?
This course answers the above questions through a series of case studies which face off research done by ChatGPT against more traditional research approaches and google searches.
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Anyone interested in using AI in their practice.
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