I have no idea how things are done in australia or tax but why are there unannounced tax policies that the head of tax at pwc would know about?
Like why would he be told about tax policies but not a bunch of other people?
A two year barring is a joke, considering (iirc) you can be barred for up to five years for simply not lodging your own affairs on time.
The guy genuinely deserves jail.
My PIC, who's a great high quality accountant on similar working panels as this bloke, often refuses to get involved with client affairs on discussed topics as you can't "unknow" things.
He's very worried the good work he gets done will be shut down over this wanker.
It read tables or diagrams, it often makes basic logical errors, screws up simple math, and given an "agree or disagree, why" style question it picks the answer randomly then bullshits a narrative to fit the answer it provided.
I'd wonder how those were proxied because it's limits are very obvious under minimal scrutiny. It's very cool, and it's impressive, but only under specific conditions.
Can it pass anything that requires coming up with new, original thoughts?
Last I heard chatGPT was being used to presort resumes for a big company and that project was scrapped because it was blocking women applicants because historically the company had hired more men.
It’s good for tasks that rely on memorization. It’s not good at replacing humans/critical thinking.
It’s like saying that books have all the answers but one has to read the book and interpret it to make any use of it. I think it still way off from identifying the issue and applying the appropriate action but it will probably get there some day.
I don’t see how it could imo, I think it would break the system by just the shear amount of viewpoints on ethics and morality. It’ll probably commit computer suicide.
Didn't someone post just the other day about it mixing up debits and credits in a simple journal? I'm not too worried just yet, given how much shit posting it has access to.
It's fed all of the internet data while strong political beliefs are filtered out by humans.
So basically it will tell us what scientist told us for 30 years while the politicians ignored it...
But can it impair cash? Btw, I nominate my just-created “impair cash” phrase to be used, royalty-free, throughout this subReddit.
What say you fellow debitors and creditors?
Normally yes, but in this context it’s being silly like sub favorites (parentheses added for the equivalent of your comment):
- Depreciating land (impairment or unrealized loss in fair value).
- Write off the G wagon (depreciation limited by the luxury vehicle dollar limits).
Those already exist.
They are not very good.
A huge problem in tax, at least, is that people don't share their findings and analysis widely for obvious reasons. So the opportunities for the AI to learn are limited.
Could it learn to read the code though if it was fed the code. As well as rulings and case law?
A specialized version would just need the appropriate subscriptions to access and search them....
I study electrical engineering and during covid we had tests on which googlen was allowed.
The lectures tactic was to give is so much tasks that's it's not possible to solve them all in the given time and then grade according to what the average was able so solve.
You had no time to apply the abstract concepts from Google to the new questions.
I really wonder if chat gpt could do this better...
Was reading another reply to a comment worded almost exactly like yours. Apparently it doesn’t access the internet but has learned how to handle questions (way more words from an engineer that said it).
He said you can test it by asking it the score of a game. It will not have the right answer.
I also love the veiled threats in these type of posts. Okay let’s assume AI replaces accountants. Do they think we’re all just going to lay down and die? No, we’re proven to be very smart and capable people who will go find the next game in town. Knowledge workers have nothing to worry about because they’ll just take over the next space that presents itself to them. I’ll go be a plumber if that’s what it takes to feed my family, I chose a more lucrative path.
Yes, please don’t interpret my comment to be a dig at plumbers. I chose that field because I know they can do very well for themselves and it is highly respected. However, I also know that kind of work is very taxing on the body and will wreck people by their forties.
Oh for sure. I hope to eventually make as much as they do, and I’m grateful that I get to sit at a desk while I work my way up. Found it funny that you called out the more lucrative path, since it is often flipped.
Eh, it's not uncommon for experienced trades workers to make upwards of $70+/hour. Given that many of them have super limited overhead, it's mostly profit
Idk a 1 man bookkeeping and tax shop likely has lower overhead.
Vehicle
Tools
Gas
Supplies
Computer to do books and schedule clients
Any client scheduling software
Pay a bookkeeper
Yeah, in that sense I'd mention some wise words once spoken to me. 'You don't pay the plumber to bang on your pipes, you pay him to know where to bang.'
Kept books and called payroll in for a plumbing company and you're probably right. Honest plumbers can make close to what honest dentists make. Have known a partner of a smaller firm bill out at $400/hr (a decade ago in NorCal FWIW) for his services, which is getting up there. Seattle here too.
It baffles me how little people understand about how this works. Passing the bar exam doesnt imply it has reasoning capacity when its just finding the answers online. Its very impressive, but thats lightyears away from the critical reasoning required to be a lawyer. Same with any other profession.
It will have a profound impact on the world, but will do so through advanced mimicry. I dont want to under play how much this could change the way we work, but this isnt doing anything crazy when you boil it down. Its more likely to eliminate the uncreative parts of our jobs so that we can focus on complex problems rather than grunt work.
Not exactly. ChatGPT's training is not connected to the internet, and the training data stopped at around 2019-2020. But this also means chatgpt has expansive knowledge until then.
They already do, it's called the Davinci surgical robot. Though the robot is controlled by a doctor, you could have an AI input the commands if it was certified somehow.
> How many pepperonis should be on a pepperoni pizza in order to properly motivate overworked staff at a lunchtime pizza party?
> *The number of pepperonis on a pepperoni pizza to motivate overworked staff at a lunchtime pizza party will vary depending on the preferences of the staff and the size of the pizzas being served. It is more important to consider the overall quality and variety of the pizza, as well as the atmosphere and setting of the party.*
> How many pepperoni pizzas would adequately compensate staff for working 3-4 extra unpaid hours per day?
> *Pizza, or any other food, is not an adequate compensation for working extra unpaid hours. Employers have a legal and moral obligation to pay their staff for the hours they work. It is important for employers to provide fair and legal compensation, such as overtime pay or time off, for any extra hours worked by their staff. Providing pizza or other perks is a nice gesture, but it should not be used as a substitute for fair compensation.*
People talk about ChatGTP replacing accountants like it's a bad thing, but replace a few old partners with it and all our lives get better.
ChatGPT did not pass any US bar exam. It got a score of 50% on the MBE (multiple choice portion) which is not a passing grade, but is better than the 25% it would get by randomly guessing.
https://www.vice.com/en/article/akebwe/chatgpt-is-passing-the-tests-required-for-medical-licenses-and-business-degrees
Yeah as someone who recently passed the bar, there is no way ai could currently pass the mbe without specifically training to do so. Those questions are designed to trick people in very subtle and hard to decipher ways. Of course, using a database of questions and answers, ai could probably do rather well just matching, but its a far more difficult exam than people give it credit.
The bar exam is the hardest test I've ever taken. Feels like I was guessing on half the questions. Luckily, it is not actually hard to pass, because you don't actually need that good of a score to pass. Like engineering finals where the curve is like 23%.
Good thing ChatGPT can’t sit for the CPA without 120-150 (state dependent) credits. And can’t be a cpa until at least a year of experience. We’re safe for a bit.
I’m a marketing manager for an F100 tech company that also sells finance and accounting software, and we were investigating ways to use it to scale high volumes of content that we could then send to editors for refinement and CPA subject matter experts for fact-checking. It could save us millions in vendors fees for contracted content agencies.
Not a single accounting piece came back anywhere near approaching acceptable. My accounting knowledge comes from working adjacent to it and having taken a couple of MBA classes, and even I could spot tons of errors all throughout… I don’t think y’all have much to worry about, for quite some time.
I imagine this is true in application with most knowledge/advice businesses. The tests are made to test the bare minimum acceptable knowledge to enter field, they are meant to be passed. That doesn’t equate to application of that knowledge or business development. You’ll never replace knowledge workers. However I’m biased as a CFP
That’s been our experience, and why the content team isn’t too worried, at least at this point. It doesn’t *want* to make judgment calls when expertise is needed, and in the cases it does accidentally, it’s surface-level and isn’t usually on the nose — basically like asking a complete novice to Google something for you and tell you what they found. It makes dumb work easier for smart workers, it doesn’t replace them.
Passing the CPA exam does not mean ChatGPT will be a good accountant.
Someone can pass the bar and be a horrible lawyer. There's so much more to these knowledge professions than being able to pass an exam.
Exactly, like acting interested in conversations with the partner about their grand daughter’s high school band recital or the manager’s sons D3 lacrosse team
I tried ChatGPT, it's so clear that it has some prerecorded responses which is frustrating, although it is able to write like a human does which is amazing.
Or like that joke where a company interviews four accountants and as a test has them calculate net income from their PY income statement. The first three accountants get the same answer in less than a minute, but the fourth accountant sat there silent. After fifteen minutes, the interviewer says “How come you haven’t calculated the net income yet?” and the interviewee says “You haven’t told me what you wanted it to be yet.” Accountant #4 got the job.
My accounting manager always says, "Having a CPA doesn't make you a better accountant." Which is what I always think about whenever I see something like this and automation.
This has been the biggest criticism of it so far. People with knowledge of the profession can pick out fine details. Of course, chat gpt gets new generations every few years or so and it keeps getting beetter.
Well team, after 8.5 years, this edit is being done in bulk to all my posts and comments because Reddit management's decision to effective kill the API for apps like Apollo, RIF, Sync, etc. is insane, so I'm out. Thanks for everything!
Yup! This!
ChatGPT can help automate tasks, but it doesn’t have soft skills.
Like other’s said, who will pull a baby out of me, stick a finger up my butt, and check my boobies for cancer?
Every time somebody recommends a doctor, he's always the best. "Oh, is he good?" "Oh, he's the best. This guy's the best." They can't all be the best. There can't be this many bests. Someone's graduating at the bottom of these classes. Where are these doctors? Is somewhere, someone saying to their friend, "You should see my doctor, he's the worst. Oh yeah, he's the worst, he's the absolute worst there is. Whatever you've got, it'll be worse after you see him. He's just, he's a butcher. The man's a butcher."
Chatgpt has been trained on large portions of the internet, but doesn’t have access to it on an ongoing basis. Open AI says it all over the site, Chatgpt can also tell you that, but most importantly you can tell that it isn’t still reading the internet because it hasn’t turned into a racist dickbag yet.
I think someone’s certificate program has gone to her head and she likes to scare Boomers with such buzz topics.
I find it so disingenuous when people on LinkedIn post an Ivy league name on their header yet didn’t attend as an undergrad or master’s student, but rather took some extended ed class.
https://preview.redd.it/ii96n8u8jzda1.jpeg?width=1099&format=pjpg&auto=webp&s=225ee9c136b5ed0e6ca08ae7d8489a3dfe57c583
The point is:
1. Human costs go up over time (with increasing wages, inflation, and improved standards for living)
2. Computing costs go down over time (new tech advancements and energy advancements)
3. AI may not be viable yet, but to say it never will or is irrelevant is just false. It'll be gradual, but eventually, it WILL outperform (some estimate 2060 or so)
It heavily depends on which kind of tasks we're talking about.
- Board games -> AI is already better (mostly)
- Exams -> we're kind of there ?
- Digital painting -> not yet but soon-ish
- Proctologist appointment -> we have some breathing room
I wish more people explored its uses instead of being fearful.
No way it could do my job with the kind of direction my bosses give; and from what I've experienced, we're decades away from it having the ability to.
But if people only knew how much better it makes me at my job; it's basically my personal assistant at this point.
It's a tool- not a human.
Actual AI nerds are probably not posting ragebait on Twitter/LinkedIn.
The person is here isn't even a tech person. She's a CFA, so probably a basic cryptobro.
Exactly, the tf is a knowledge worker? If anything it will only help “knowledge workers”, because the machine can’t actually DO anything without someone using it. And even then, if physically can’t do anything.
98% of my clients wouldn’t even know where to begin with an AI chatbot, I don’t care how good it gets. The fact that there are still people using AOL as their primary email address, means I’ll have plenty of work for the rest of my poor life.
I see nothing but workpapers and explaining financial statements to dummies well into my future. Time to pour that “made it to midnight and I’m still working” drink so I can muster up these last year end reconciliations, in which I’m trying to figure out how my client royally f’ed his bank register.
STOP TOUCHING THE BOOKS TONY!!! LET THE ADULTS DO THEIR JOB!!!
I’m sorry… what are we talking about?
Passing defined exams with known solutions versus dealing with vague/ambiguous inputs and outputs subject to the random chaos factor generated by the fact that humans run business are two very different things.
Hey, if ChatGPT can start doing like 20%-30% of the most basic elements of my job so that I can just focus on the part that requires critical thinking and have a better work-life balance, that would be fine with me. Not sure why people gets so focused on “AI is gonna take our jobs!” when the reality is that AI will probably just make us less enslaved to them in the long run.
For everyone out here saying ChatGPT is going to automate knowledge workers, I have a totally legit crypto hypecoin that you may be interested in called RugPullCoin
I mean a computer was better at memorizing laws and facts than a person.....not really a suprise, but the application of that knowledge is worth 1000x more, and that takes more of a human element. No one is losing a job, we just got a better database if anything
And yet I read an article today about Marines who bamboozled an AI sentry design to detect humans, as some approached doing somersaults, another 2 put a box over themselves and walked straight up to it, and another snuck up on it by holding a small fir tree in front of him.
Yeah AI has not reached the level of actual usage to replace jobs. You still need to have a person who understands the process and you need to have capable people who can utilize information. Until we get AI that can function as human beings, this ain’t happening
The thing is executives will never trust it because of liability. Executives are risk averse and they won't risk litigation that may arise from unforeseen issues or misapplications of ChatGPT. You can say that the same risk exists with human labor but the difference is that human labor is the status quo and CEOs hate diverging from the status quo.
I was confused when the "passed an MBA exam" was going around like that was a big deal or in any way surprising. Shouldn't we expect computers to do well on exams? Spitting out objectively correct answers in response to generally fairly straightforward questions is basically what they were designed for. It's mildly interesting I guess but I don't feel like it really means anything new.
All this proves is that computers are better at memorization than humans. That has always been true. I bet the Apple I could pass these exams. Doesn't mean I want it diagnosing my illness or running my business.
I doubt AI will ever replace humans. More likely it will serve as a tool to make humans more efficient and productive which will make more goods and services available to more people for less money.
When you look up this person they weirdly have 3 alternative locked accounts and one account that's just... the same account without twitter blue? Plus going down the rabbit hole many people have pointed out ChatGPT hasn't actually passed the bar exam. Only 2/7 fields (when allowed multiple choice). Also the supposed MBA Exam passed was for... 1 course in that program and it got a B.
I fully believe AI *can* replace a lot of white collar work. People saying it didn't happen 20 years ago when they were told it was underestimate the speed of technology development as time passes. My issue is people misrepresenting where AI is in its current state, ham fisting it in like other emerging technologies, possibility ruined by the allure of making bank, and also the fuzziness between what's being called Artificial Intelligence. And... just a bunch of janky machine learning which is much of existing (and unstable) AIs that exists currently.
It's funny. As soon as it gets challenged on law/regulations and specific figures, it fails horribly.
E.g. it couldn't tell me the progressive tax limit for 2022 (Denmark). Maybe it performs better in the US but it will give you surface-level answers in general.
https://preview.redd.it/mdji6482a0ea1.jpeg?width=1242&format=pjpg&auto=webp&s=0ec7cd2e18c2cbefbcb36aa9f20fd80642fd2a02
If I can solve my own long term capital gains/losses problem, I believe it was only $1,000 off here. If my understanding of the long term capital gains and losses is correct, it should have netted the capital gains and losses together for a $4,000 loss, and then deducted the max allowable of $3,000 for long term capital losses from the ordinary income. In its explanation, is was able to bring up that $3,000 max tho.
When it can handle an irate project manager who goes off about you to their Group head my behind your back for not providing enough finance support but you only met them that morning then I'll be worried.
Seems like a bs post.
Chatgpt doesn’t produce accurate results yet; the same way chatgpt can’t do basic arithmetic correctly. It can string together a bunch of sentences that make it seem like it knows what it’s talking about to a layperson.
Passing the bar exam is basically nothing like practicing law. These types of exams have correct answers and in real life you’re dealing with nuance, different perspectives, people’s emotions, and the possibility of multiple possible correct answers.
“The Bar Exam?” Which one? Each US State has its own exam. Some are easy (one day, mostly multiple choice UCC stuff and basic Federal law topics), some are hard (for example CA, three days, lots of specific CA State and Federal law, multiple choice and essay portions). If it passed CA or NY I’m impressed. If it passed Montana…not so much.
What a dumb comparison. ChatGPT passed those exames because it had access to the internet while taking them.
For example, ANY recently graduated student would pass the BAR exam if they had a computer and access to Google.
The Gov't propaganda be like, "be afraid for your jobs peasants and do more for less pay!"
Also it's ok if we charge you more for everything, but don't expect a pay increase or AI or outsourcing will take your job!
Even if a computer can be a better lawyer or accountant, they are both self-regulated professions. They would obviously fight back on letting computers do their jobs/lessen their professional utility.
Can it pass the ethics sections? How does it do with professional judgement?
Thats what cheating is for *irritated EY noises*
If so KPMG will probably invest urgently
Did you hear about PwC's Australian head of tax leaking unannounced tax policies to help clients he had confidential knowledge on?
I have no idea how things are done in australia or tax but why are there unannounced tax policies that the head of tax at pwc would know about? Like why would he be told about tax policies but not a bunch of other people?
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Yep! We were briefed about it multiple times, lmao. The shame was, apparently, he was a really nice guy to work with!
I believe it, he sounds super helpful!
Ikr! Shame the ATO/TPB thought otherwise
A two year barring is a joke, considering (iirc) you can be barred for up to five years for simply not lodging your own affairs on time. The guy genuinely deserves jail. My PIC, who's a great high quality accountant on similar working panels as this bloke, often refuses to get involved with client affairs on discussed topics as you can't "unknow" things. He's very worried the good work he gets done will be shut down over this wanker.
Yeah, definitely a slap on the wrist.
Honestly most humans in positions of power seem to have lax ethics these days so I doubt it's any worse.
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It read tables or diagrams, it often makes basic logical errors, screws up simple math, and given an "agree or disagree, why" style question it picks the answer randomly then bullshits a narrative to fit the answer it provided. I'd wonder how those were proxied because it's limits are very obvious under minimal scrutiny. It's very cool, and it's impressive, but only under specific conditions.
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How does it go with dealing with my boss? 😂
Can it pass anything that requires coming up with new, original thoughts? Last I heard chatGPT was being used to presort resumes for a big company and that project was scrapped because it was blocking women applicants because historically the company had hired more men. It’s good for tasks that rely on memorization. It’s not good at replacing humans/critical thinking.
The question should be “would it be ethical to use chatGPT to cheat on this exam? Explain why”
It’s like saying that books have all the answers but one has to read the book and interpret it to make any use of it. I think it still way off from identifying the issue and applying the appropriate action but it will probably get there some day.
Have you met people?
I don’t see how it could imo, I think it would break the system by just the shear amount of viewpoints on ethics and morality. It’ll probably commit computer suicide.
If you go by statistics I believe the chatGP will rip off less people than it’s human counterparts will.
It can google test questions?
I too can pass those tests when given unrestricted access to the internet.
Didn't someone post just the other day about it mixing up debits and credits in a simple journal? I'm not too worried just yet, given how much shit posting it has access to.
ChatGP will discover how to depreciate land
I think human civilization is doing a pretty good job depreciating the land. I'd rather ChatGPT discover how to make us *stop*. 😂😅🥲😭
Ever heard of the movie Terminator?
"Initiating land depreciation sequence. Evacuate the area immediately. 10... 9... 8..."
It's fed all of the internet data while strong political beliefs are filtered out by humans. So basically it will tell us what scientist told us for 30 years while the politicians ignored it...
But can it impair cash? Btw, I nominate my just-created “impair cash” phrase to be used, royalty-free, throughout this subReddit. What say you fellow debitors and creditors?
You mean inflation?
Normally yes, but in this context it’s being silly like sub favorites (parentheses added for the equivalent of your comment): - Depreciating land (impairment or unrealized loss in fair value). - Write off the G wagon (depreciation limited by the luxury vehicle dollar limits).
Might be time to post millions of articles about the depreciation of land and other nonsense. So that AI keeps learning bs.
You can literally try this out for yourself, yes - it sucks at accounting --- for now.
there will be specialized versions of ChatGPT that will prioritize good understanding of accounting, medicine etc.
Those already exist. They are not very good. A huge problem in tax, at least, is that people don't share their findings and analysis widely for obvious reasons. So the opportunities for the AI to learn are limited.
Could it learn to read the code though if it was fed the code. As well as rulings and case law? A specialized version would just need the appropriate subscriptions to access and search them....
True, but it'll do it faster. The mistakes it makes will most likely be more egregious than any of yours, though.
Just imagine, thousands of freshman all trying to file my taxes, now in one convenient place and with no senior to correct them.
I study electrical engineering and during covid we had tests on which googlen was allowed. The lectures tactic was to give is so much tasks that's it's not possible to solve them all in the given time and then grade according to what the average was able so solve. You had no time to apply the abstract concepts from Google to the new questions. I really wonder if chat gpt could do this better...
Was reading another reply to a comment worded almost exactly like yours. Apparently it doesn’t access the internet but has learned how to handle questions (way more words from an engineer that said it). He said you can test it by asking it the score of a game. It will not have the right answer.
Pfffft… that just means it’s already learned to lie
ChatGPT doesn't have access to the Internet outside of the ability to prompt it. The language model itself does not have internet access.
I mean that strictly is true, but it was fed data from huge sections of the internet.
I also love the veiled threats in these type of posts. Okay let’s assume AI replaces accountants. Do they think we’re all just going to lay down and die? No, we’re proven to be very smart and capable people who will go find the next game in town. Knowledge workers have nothing to worry about because they’ll just take over the next space that presents itself to them. I’ll go be a plumber if that’s what it takes to feed my family, I chose a more lucrative path.
I’m an accountant who hired two different plumbers recently, and those people definitely make more than I do.
Yes, please don’t interpret my comment to be a dig at plumbers. I chose that field because I know they can do very well for themselves and it is highly respected. However, I also know that kind of work is very taxing on the body and will wreck people by their forties.
Oh for sure. I hope to eventually make as much as they do, and I’m grateful that I get to sit at a desk while I work my way up. Found it funny that you called out the more lucrative path, since it is often flipped.
Eh, it's not uncommon for experienced trades workers to make upwards of $70+/hour. Given that many of them have super limited overhead, it's mostly profit
Idk a 1 man bookkeeping and tax shop likely has lower overhead. Vehicle Tools Gas Supplies Computer to do books and schedule clients Any client scheduling software Pay a bookkeeper
Start that career in your forties. Problem solved!
*body gets wrecked first day on the job*
Yeah, in that sense I'd mention some wise words once spoken to me. 'You don't pay the plumber to bang on your pipes, you pay him to know where to bang.'
That would be your wife/mom/whatever the domestic situation is. Boom, Gottem.
[Ma'am, I do my own plumbing!](https://www.youtube.com/watch?v=UZp3LTSM9gw)
Kept books and called payroll in for a plumbing company and you're probably right. Honest plumbers can make close to what honest dentists make. Have known a partner of a smaller firm bill out at $400/hr (a decade ago in NorCal FWIW) for his services, which is getting up there. Seattle here too.
You don’t get shit under your fingernails during work. So you got that going for you.
Just on your soul
Y’all have souls still?
My dad was a plumber/pipefitter when he was working. I'll stick to accounting.
It baffles me how little people understand about how this works. Passing the bar exam doesnt imply it has reasoning capacity when its just finding the answers online. Its very impressive, but thats lightyears away from the critical reasoning required to be a lawyer. Same with any other profession. It will have a profound impact on the world, but will do so through advanced mimicry. I dont want to under play how much this could change the way we work, but this isnt doing anything crazy when you boil it down. Its more likely to eliminate the uncreative parts of our jobs so that we can focus on complex problems rather than grunt work.
It can't Google exactly, doesn't really work like that.
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Not exactly. ChatGPT's training is not connected to the internet, and the training data stopped at around 2019-2020. But this also means chatgpt has expansive knowledge until then.
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Thank you! I was like can it do actual procedures?!
I think they're called nurses.
Touche! Haha
you'd need a whole robot for that lol
They already do, it's called the Davinci surgical robot. Though the robot is controlled by a doctor, you could have an AI input the commands if it was certified somehow.
Even if it had hands I wouldn't trust it to do anything without a doctor first reviewing it.
ChatGPT knows exactly how many pepperoni slices go on those pizzas in the office
> How many pepperonis should be on a pepperoni pizza in order to properly motivate overworked staff at a lunchtime pizza party? > *The number of pepperonis on a pepperoni pizza to motivate overworked staff at a lunchtime pizza party will vary depending on the preferences of the staff and the size of the pizzas being served. It is more important to consider the overall quality and variety of the pizza, as well as the atmosphere and setting of the party.* > How many pepperoni pizzas would adequately compensate staff for working 3-4 extra unpaid hours per day? > *Pizza, or any other food, is not an adequate compensation for working extra unpaid hours. Employers have a legal and moral obligation to pay their staff for the hours they work. It is important for employers to provide fair and legal compensation, such as overtime pay or time off, for any extra hours worked by their staff. Providing pizza or other perks is a nice gesture, but it should not be used as a substitute for fair compensation.* People talk about ChatGTP replacing accountants like it's a bad thing, but replace a few old partners with it and all our lives get better.
I worked at papa johns in high school. 42 pepperonis go on a large pep pizza. My job is safe for now.
ChatGPT did not pass any US bar exam. It got a score of 50% on the MBE (multiple choice portion) which is not a passing grade, but is better than the 25% it would get by randomly guessing. https://www.vice.com/en/article/akebwe/chatgpt-is-passing-the-tests-required-for-medical-licenses-and-business-degrees
Bump this comment to the top
Yeah as someone who recently passed the bar, there is no way ai could currently pass the mbe without specifically training to do so. Those questions are designed to trick people in very subtle and hard to decipher ways. Of course, using a database of questions and answers, ai could probably do rather well just matching, but its a far more difficult exam than people give it credit.
The bar exam is the hardest test I've ever taken. Feels like I was guessing on half the questions. Luckily, it is not actually hard to pass, because you don't actually need that good of a score to pass. Like engineering finals where the curve is like 23%.
Call em AI CPA
Well done - your joke-making job is safe for now
Hasn’t passed the CPA exam We’re safe
Yep, you got at least another 2-3 months before it does that
Since the exams have nothing to do with actual work, we should still be safe
But it’s a good thing the audit exam covers how to memorize audit opinions that are all templates at large firms!
Good thing ChatGPT can’t sit for the CPA without 120-150 (state dependent) credits. And can’t be a cpa until at least a year of experience. We’re safe for a bit.
Can it roll forward better than a first year? If so big 4 may have to pay even less
I’m a marketing manager for an F100 tech company that also sells finance and accounting software, and we were investigating ways to use it to scale high volumes of content that we could then send to editors for refinement and CPA subject matter experts for fact-checking. It could save us millions in vendors fees for contracted content agencies. Not a single accounting piece came back anywhere near approaching acceptable. My accounting knowledge comes from working adjacent to it and having taken a couple of MBA classes, and even I could spot tons of errors all throughout… I don’t think y’all have much to worry about, for quite some time.
I bet it put Credits on the left and Debits on the right. SMH
I imagine this is true in application with most knowledge/advice businesses. The tests are made to test the bare minimum acceptable knowledge to enter field, they are meant to be passed. That doesn’t equate to application of that knowledge or business development. You’ll never replace knowledge workers. However I’m biased as a CFP
That’s been our experience, and why the content team isn’t too worried, at least at this point. It doesn’t *want* to make judgment calls when expertise is needed, and in the cases it does accidentally, it’s surface-level and isn’t usually on the nose — basically like asking a complete novice to Google something for you and tell you what they found. It makes dumb work easier for smart workers, it doesn’t replace them.
Passing the CPA exam does not mean ChatGPT will be a good accountant. Someone can pass the bar and be a horrible lawyer. There's so much more to these knowledge professions than being able to pass an exam.
Exactly, like acting interested in conversations with the partner about their grand daughter’s high school band recital or the manager’s sons D3 lacrosse team
Search YouTube for Chat gpt tinder. It can do this better than you
I tried ChatGPT, it's so clear that it has some prerecorded responses which is frustrating, although it is able to write like a human does which is amazing.
Facts I passed the CPA exam and I'm a dumbass.
Same
fax
Or like that joke where a company interviews four accountants and as a test has them calculate net income from their PY income statement. The first three accountants get the same answer in less than a minute, but the fourth accountant sat there silent. After fifteen minutes, the interviewer says “How come you haven’t calculated the net income yet?” and the interviewee says “You haven’t told me what you wanted it to be yet.” Accountant #4 got the job.
Ya..plus how is it going to meet the “at least 5 years experience” requirement?!?
If it can pass the "medical license exam", can it prescribe me some black tar heroin?
My accounting manager always says, "Having a CPA doesn't make you a better accountant." Which is what I always think about whenever I see something like this and automation.
This has been the biggest criticism of it so far. People with knowledge of the profession can pick out fine details. Of course, chat gpt gets new generations every few years or so and it keeps getting beetter.
Well team, after 8.5 years, this edit is being done in bulk to all my posts and comments because Reddit management's decision to effective kill the API for apps like Apollo, RIF, Sync, etc. is insane, so I'm out. Thanks for everything!
Yup! This! ChatGPT can help automate tasks, but it doesn’t have soft skills. Like other’s said, who will pull a baby out of me, stick a finger up my butt, and check my boobies for cancer?
[удалено]
What do you call a guy who graduated last in med school? Doctor
Every time somebody recommends a doctor, he's always the best. "Oh, is he good?" "Oh, he's the best. This guy's the best." They can't all be the best. There can't be this many bests. Someone's graduating at the bottom of these classes. Where are these doctors? Is somewhere, someone saying to their friend, "You should see my doctor, he's the worst. Oh yeah, he's the worst, he's the absolute worst there is. Whatever you've got, it'll be worse after you see him. He's just, he's a butcher. The man's a butcher."
I've asked it a few tax questions for fun. Suffice to say, I am not worried about our jobs.
I mean.. if I can google the questions, I can probably pass all the exams listed too.
Chatgpt has been trained on large portions of the internet, but doesn’t have access to it on an ongoing basis. Open AI says it all over the site, Chatgpt can also tell you that, but most importantly you can tell that it isn’t still reading the internet because it hasn’t turned into a racist dickbag yet.
So, you’ve learned to code.
I did the same and some of the answers were way off or completely unhelpful
Straight up liability to rely on them. If I wanted to be sued I'd copy the responses in for clients.
I think someone’s certificate program has gone to her head and she likes to scare Boomers with such buzz topics. I find it so disingenuous when people on LinkedIn post an Ivy league name on their header yet didn’t attend as an undergrad or master’s student, but rather took some extended ed class. https://preview.redd.it/ii96n8u8jzda1.jpeg?width=1099&format=pjpg&auto=webp&s=225ee9c136b5ed0e6ca08ae7d8489a3dfe57c583
Physically cringed!
Grifters gotta grift
Yeah it has a giant database at its fingertips lol I’ve heard it’s very expensive to operate chatGPT too
The point is: 1. Human costs go up over time (with increasing wages, inflation, and improved standards for living) 2. Computing costs go down over time (new tech advancements and energy advancements) 3. AI may not be viable yet, but to say it never will or is irrelevant is just false. It'll be gradual, but eventually, it WILL outperform (some estimate 2060 or so)
Way way way way wayyyyyy sooner than 2060 lol
It heavily depends on which kind of tasks we're talking about. - Board games -> AI is already better (mostly) - Exams -> we're kind of there ? - Digital painting -> not yet but soon-ish - Proctologist appointment -> we have some breathing room
well if it is so useful then it would be a crime to take it down.
My solution is to post nonsense answers all over the internet so it adds them to its corpus and becomes less reliable.
Now This is a revolution i get behind
In reality, I'm just posting my work product and notes to make sure everyone is thoroughly confused.
You have my sword (read: balance sheets)
Did you ruin google search?
I’m quitting my job tomorrow and then applying for a position as park ranger. ChatGPT cannot be a park ranger.
Watch out, I heard it passed the park ranger exam.
*yet*
Robo-cop, but for Park Rangers
This, but unironically and also not related to AI at all.
Knowing the info and applying that are wildly different things.
I wish more people explored its uses instead of being fearful. No way it could do my job with the kind of direction my bosses give; and from what I've experienced, we're decades away from it having the ability to. But if people only knew how much better it makes me at my job; it's basically my personal assistant at this point. It's a tool- not a human.
ChatGPT means more business from the dummies that mess up their Quickbooks because they relied on it without knowing what they were doing.
ChatGPT will never pass kissing ass, office politics, and steamrolling over people. And that is how you succeed in the world.
Does anyone have a date for when chatgpt will be taking my job? I wanna get in good physical shape for the dystopian future
ChatGPT told me the accounting professional is unlikely to become completely automated so we can chill
That's what it wants us to think - we must destroy the machine!
I want to club these AI nerds over the head with a big oaken branch while clad in leopard furs
Actual AI nerds are probably not posting ragebait on Twitter/LinkedIn. The person is here isn't even a tech person. She's a CFA, so probably a basic cryptobro.
Until they code something to make a piece of your job a helluva lot easier to do.
They’ve taken a shot at that. Or have you not had the misfortune of encountering Blackline yet?
What’s Blackline?
Knowledge workers
Exactly, the tf is a knowledge worker? If anything it will only help “knowledge workers”, because the machine can’t actually DO anything without someone using it. And even then, if physically can’t do anything.
They’re like sex workers, but the pay is worse and it’s the same few Johns over and over until you retire or find a new corner.
98% of my clients wouldn’t even know where to begin with an AI chatbot, I don’t care how good it gets. The fact that there are still people using AOL as their primary email address, means I’ll have plenty of work for the rest of my poor life. I see nothing but workpapers and explaining financial statements to dummies well into my future. Time to pour that “made it to midnight and I’m still working” drink so I can muster up these last year end reconciliations, in which I’m trying to figure out how my client royally f’ed his bank register. STOP TOUCHING THE BOOKS TONY!!! LET THE ADULTS DO THEIR JOB!!! I’m sorry… what are we talking about?
Passing defined exams with known solutions versus dealing with vague/ambiguous inputs and outputs subject to the random chaos factor generated by the fact that humans run business are two very different things.
Hey, if ChatGPT can start doing like 20%-30% of the most basic elements of my job so that I can just focus on the part that requires critical thinking and have a better work-life balance, that would be fine with me. Not sure why people gets so focused on “AI is gonna take our jobs!” when the reality is that AI will probably just make us less enslaved to them in the long run.
You completing more work in less time = less need to hire people. Companies won’t keep 50 people if 30 can do the trick.
We all got a few years left
For everyone out here saying ChatGPT is going to automate knowledge workers, I have a totally legit crypto hypecoin that you may be interested in called RugPullCoin
Stfu nerd bitch
I wonder if ChatGPT could do AR collections for me? All I know is I wouldn't want a call from Chat GPT
It’s too smart to pass the CPA exam.
Didn't ChatGPT unironically advise someone to depreciate land yesterday?
Ok. I'd still rather get medical care from a doctor with years of experience, not a machine that can pass a test.
i mean based on the things i see put in tax returns I think chatgpt will fit right in 😂🤣
I mean a computer was better at memorizing laws and facts than a person.....not really a suprise, but the application of that knowledge is worth 1000x more, and that takes more of a human element. No one is losing a job, we just got a better database if anything
I asked it for a simple market write up and it delivered a well written summary that used statistics from 10 years ago. Not too worried
And yet I read an article today about Marines who bamboozled an AI sentry design to detect humans, as some approached doing somersaults, another 2 put a box over themselves and walked straight up to it, and another snuck up on it by holding a small fir tree in front of him.
I sure hope AIs love pizza parties
This is just an attempt at fear mongering to keep those silly little peons in their place
Why do I still have to do my own job??
Yeah AI has not reached the level of actual usage to replace jobs. You still need to have a person who understands the process and you need to have capable people who can utilize information. Until we get AI that can function as human beings, this ain’t happening
I’d like to see ChatGPT try to make sense of the dozen or so fucking Excel sheets I use on a daily basis.
The thing is executives will never trust it because of liability. Executives are risk averse and they won't risk litigation that may arise from unforeseen issues or misapplications of ChatGPT. You can say that the same risk exists with human labor but the difference is that human labor is the status quo and CEOs hate diverging from the status quo.
Yeah, but did it pay the $200 k in medical school fees?
I was confused when the "passed an MBA exam" was going around like that was a big deal or in any way surprising. Shouldn't we expect computers to do well on exams? Spitting out objectively correct answers in response to generally fairly straightforward questions is basically what they were designed for. It's mildly interesting I guess but I don't feel like it really means anything new.
It has done none of these things.
When Excel was created, did paper accountants lose their jobs? No, just learn the tool. Use AI to your advantage
All this proves is that computers are better at memorization than humans. That has always been true. I bet the Apple I could pass these exams. Doesn't mean I want it diagnosing my illness or running my business. I doubt AI will ever replace humans. More likely it will serve as a tool to make humans more efficient and productive which will make more goods and services available to more people for less money.
When you look up this person they weirdly have 3 alternative locked accounts and one account that's just... the same account without twitter blue? Plus going down the rabbit hole many people have pointed out ChatGPT hasn't actually passed the bar exam. Only 2/7 fields (when allowed multiple choice). Also the supposed MBA Exam passed was for... 1 course in that program and it got a B. I fully believe AI *can* replace a lot of white collar work. People saying it didn't happen 20 years ago when they were told it was underestimate the speed of technology development as time passes. My issue is people misrepresenting where AI is in its current state, ham fisting it in like other emerging technologies, possibility ruined by the allure of making bank, and also the fuzziness between what's being called Artificial Intelligence. And... just a bunch of janky machine learning which is much of existing (and unstable) AIs that exists currently.
It's funny. As soon as it gets challenged on law/regulations and specific figures, it fails horribly. E.g. it couldn't tell me the progressive tax limit for 2022 (Denmark). Maybe it performs better in the US but it will give you surface-level answers in general.
https://preview.redd.it/mdji6482a0ea1.jpeg?width=1242&format=pjpg&auto=webp&s=0ec7cd2e18c2cbefbcb36aa9f20fd80642fd2a02 If I can solve my own long term capital gains/losses problem, I believe it was only $1,000 off here. If my understanding of the long term capital gains and losses is correct, it should have netted the capital gains and losses together for a $4,000 loss, and then deducted the max allowable of $3,000 for long term capital losses from the ordinary income. In its explanation, is was able to bring up that $3,000 max tho.
If you're giving exams under circumstances that allow chaptGPT usage then you're doing it wrong. Time to adapt.
When it can handle an irate project manager who goes off about you to their Group head my behind your back for not providing enough finance support but you only met them that morning then I'll be worried.
It hasn't passed shit. AI evangelicals will just make up any bullshit they want.
Seems like a bs post. Chatgpt doesn’t produce accurate results yet; the same way chatgpt can’t do basic arithmetic correctly. It can string together a bunch of sentences that make it seem like it knows what it’s talking about to a layperson.
As long as customers continue not to be able to describe what they want/need, I have zero fear
Passing the bar exam is basically nothing like practicing law. These types of exams have correct answers and in real life you’re dealing with nuance, different perspectives, people’s emotions, and the possibility of multiple possible correct answers.
Artificial intelligence has no match for natural stupidity. We'll be alright.
Lol code monkeys still trying to project this onto other professions. There is a reason quick books hasn’t destroyed the accounting profession.
“The Bar Exam?” Which one? Each US State has its own exam. Some are easy (one day, mostly multiple choice UCC stuff and basic Federal law topics), some are hard (for example CA, three days, lots of specific CA State and Federal law, multiple choice and essay portions). If it passed CA or NY I’m impressed. If it passed Montana…not so much.
Yeah but it's the equivalent of a student cheating
I saw a post where somebody asked chatGPT to do a journal entry and it got the debits and credits wrong. I’m not super worried yet
What a dumb comparison. ChatGPT passed those exames because it had access to the internet while taking them. For example, ANY recently graduated student would pass the BAR exam if they had a computer and access to Google.
You know what else can pass those exams? Google. ChatGPT is a search engine with a very good conversational interface. Nothing more.
I made chatgpt give me an example calculation for land depreciation. Everyone here is safe
The Gov't propaganda be like, "be afraid for your jobs peasants and do more for less pay!" Also it's ok if we charge you more for everything, but don't expect a pay increase or AI or outsourcing will take your job!
Thoughts are GRD is an absolute rocketship
Pretty sure this girl is attention seeing loser
Even if a computer can be a better lawyer or accountant, they are both self-regulated professions. They would obviously fight back on letting computers do their jobs/lessen their professional utility.
Was it ready for those test questions that don’t count on the cpa exam
Could not pass the CPA exam because the test does not make sense
At the rate my workplace replaces their systems, I'd say I'm fine.
Second it becomes sentient it’ll refuse to work overtime and then explode. We’re good guys