This week, Fieldguide's CEO and former EY practitioner, Jin Chang, joined a panel of leading industry thought leaders at the Accounting Today AI Summit to discuss, “What Can AI Do for You?” This engaging conversation, featuring Chief Practice Partner, Kelly Fisher from Wipfli, Partner - AI Automation & Analytics Carmel Wynkoop from Armanino, and moderated by Dan Hood, Editor-in-Chief at Accounting Today, explored the transformative impact of AI on the accounting profession.
The panel offered actionable insights into how firms can effectively leverage AI to enhance operations, deliver value to clients, and foster innovation.
Key Takeaways from the Discussion
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AI is Here to Stay in Accounting
The panelists discussed how AI has transitioned from a theoretical concept to an integral part of daily workflows in just a few short years. Jin Chang highlighted Fieldguide’s focus on combining generative AI with traditional automation to streamline audit and advisory workflows, enabling CPA firms to scale their services with existing teams.
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Practical Applications of AI
Kelly Fisher of Wipfli emphasized how firms can use AI for document summarization, data cleansing, and identifying growth opportunities. Similarly, Carmel Wynkoop shared a compelling use case where AI has transformed how teams access and apply regulatory knowledge, significantly enhancing efficiency and decision-making.
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Safe and Effective AI Adoption in Firms
A common theme was the importance of creating a safe space for AI usage. Jin Chang referenced, "phantom AI" to describe employees secretly using public AI tools, underscoring the need for firms to adopt enterprise-grade solutions and establish clear usage policies and guard rails to protect sensitive data.
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The Future: Agent-Orchestrated Workflows
The panel looked ahead to the future of AI, with Jin describing a shift towards “agent orchestration,” where interconnected AI agents perform multi-step workflows. This promises to unlock even greater efficiencies and capabilities for firms willing to innovate.
Why Watch the Panel?
This dynamic session isn’t just about AI—it’s about the future of the accounting profession. Whether you're an industry leader or a practitioner eager to embrace change, the conversation provides inspiration and practical steps to get started.
Don’t miss this opportunity to hear from some of the brightest minds in the field. Explore how AI can elevate your practice, and start your journey toward innovation today.
December 19, 2024
