Have you been asked by your client to provide an accountant’s letter to a financier to help them secure a new loan or mortgage? Are you unsure how you should respond, the risks and where you stand legally? This episode of Small Firm, Big Impact takes you through the latest guidance from Chartered Accountants ANZ. It explores the legal implications for accountants of financing letters, why it’s recommended members exercise a high degree of caution, and the importance of sticking to the facts. Plus, we take you through what CA ANZ is telling lenders about accountant’s financing letters. Chartered Accountants ANZ General Manager – Professional Standards Kristen Wydell FCA joins CA ANZ Public Affairs Manager – Australia, Gillian Bowen to explain.

Read more about this on our website.

Contact The Professional Standards Team

The ATO's New Working from Home Deduction Method

Cybersecurity for SMPs

How to become a Chartered Accountant

Get in touch with the podcast: podcast@charteredaccountantsanz.com

Have you been asked by your client to provide an accountant’s letter to a financier to help them secure a new loan or mortgage? Are you unsure how you should respond, the risks and where you stand legally? This episode of Small Firm, Big Impact takes you through the latest guidance from Chartered Accountants ANZ. It explores the legal implications for accountants of financing letters, why it’s recommended members exercise a high degree of caution, and the importance of sticking to the facts. Plus, we take you through what CA ANZ is telling lenders about accountant’s financing letters. Chartered Accountants ANZ General Manager – Professional Standards <a href="https://www.linkedin.com/in/kristen-wydell-11426548/">Kristen Wydell</a> FCA joins CA ANZ Public Affairs Manager – Australia, <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian Bowen</a> to explain.
Read more about this on our <a href="https://www.charteredaccountantsanz.com/news-and-analysis/news/responding-to-requests-from-your-clients-financiers">website</a>.
<a href="https://www.charteredaccountantsanz.com/contact-us">Contact The Professional Standards Team</a>
<a href="https://podcasts.apple.com/au/podcast/the-atos-new-working-from-home-deduction-method/id1485822076?i=1000587049726">The ATO's New Working from Home Deduction Method</a>
<a href="https://podcasts.apple.com/au/podcast/cybersecurity-for-smps/id1485822076?i=1000588955441">Cybersecurity for SMPs</a>
<a href="https://www.charteredaccountantsanz.com/become-a-member/memberships/chartered-accountant#:~:text=Once%20you%20have%20successfully%20completed,longer%20processing%20times%20may%20occur.">How to become a Chartered Accountant</a> 
Get in touch with the podcast: <a href="mailto:podcast@charteredaccountantsanz.com">podcast@charteredaccountantsanz.com</a>

‘Small Firm, Big Impact’ is the podcast small and medium sized practices need right now. The latest series is full of factual and practical content from experts, giving chartered accountants, the up-to-date information they need to do their jobs. Each episode Chartered Accountants ANZ Public Affairs Manager Gillian Bowen will pick the brains of a range of people across the profession including CA ANZ experts as well as guests who know a thing or two about public practice.

‘Small Firm, Big Impact’ is the podcast small and medium sized practices need right now. The latest series is full of factual and practical content from experts, giving chartered accountants, the up-to-date information they need to do their jobs. Each episode Chartered Accountants ANZ Public Affairs Manager <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/" aria-label="Link Gillian Bowen">Gillian Bowen</a> will pick the brains of a range of people across the profession including CA ANZ experts as well as guests who know a thing or two about public practice.

Giving Chartered Accountants, the up-to-date information they need to do their jobs.

Small Firm, Big Impact

‘Small Firm, Big Impact’ is the podcast small and medium sized practices need right now. The series is full of factual and practical content from experts, giving chartered accountants the up-to-date information they need to do their jobs. Each episode Chartered Accountants ANZ Public Affairs Manager Gillian Bowen will pick the brains of a range of people across the profession including CA ANZ experts as well as guests who know a thing or two about public practice. Find out more about CA ANZ here. Disclaimer: The opinions and statements expressed in this podcast are provided for general information only are not intended to be legal, professional or financial advice, nor do they reflect the opinions of Chartered Accountants ANZ. To the fullest extent permitted by law, Chartered Accountants ANZ is not liable for any statement or opinion, or for any error or omission in this podcast, nor is it liable for any direct, indirect, special or consequential losses or damages of any kind, or loss of profit, loss or corruption of data, business interruption or indirect costs, arising out of or in connection with this podcast or the information contained in it, whether such loss or damage arises in contract, negligence, tort, under statute, or otherwise.

‘Small Firm, Big Impact’ is the podcast small and medium sized practices need right now. The series is full of factual and practical content from experts, giving chartered accountants the up-to-date information they need to do their jobs. Each episode Chartered Accountants ANZ Public Affairs Manager <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian Bowen</a> will pick the brains of a range of people across the profession including CA ANZ experts as well as guests who know a thing or two about public practice. Find out more about CA ANZ <a href="https://www.charteredaccountantsanz.com/">here</a>. Disclaimer: The opinions and statements expressed in this podcast are provided for general information only are not intended to be legal, professional or financial advice, nor do they reflect the opinions of Chartered Accountants ANZ. To the fullest extent permitted by law, Chartered Accountants ANZ is not liable for any statement or opinion, or for any error or omission in this podcast, nor is it liable for any direct, indirect, special or consequential losses or damages of any kind, or loss of profit, loss or corruption of data, business interruption or indirect costs, arising out of or in connection with this podcast or the information contained in it, whether such loss or damage arises in contract, negligence, tort, under statute, or otherwise.

Accountant's Financing Letters

https://api.omny.fm/orgs/a34d9ae1-e217-41ad-8f3d-aae30005ee78/clips/a8384d7e-4f86-4b0f-bab6-af71000007e8/transcript

Do any of your business clients owe money to the Australian Tax Office? There is more than $50B of collectable tax debt to collect. 65% relates to small business so the answer is likely YES. There’s a major change coming on interest deductibility which CA ANZ members need to know about. From July 1, 2025, the general interest charge and the shortfall interest charge will become non-deductible, increasing the cost of tax debt. It means businesses will have a strong incentive to obtain finance from banks instead of sitting on tax debt and they’ll be looking to accountants for help. Senior Tax Advocate Susan Franks CA joins host Gillian Bowen to go through what’s changing, what accountants can do to help their clients and where to find resources.

Register for the Director Penalty Notices Webinar in June – link coming soon!

Read more in Susan’s article

Register for ONLINE EVENT – Australian Federal Budget 2024

Check out the Small Firm, Big Impact podcast page

Do any of your business clients owe money to the Australian Tax Office? There is more than $50B of collectable tax debt to collect. 65% relates to small business so the answer is likely YES. There’s a major change coming on interest deductibility which CA ANZ members need to know about. From July 1, 2025, the general interest charge and the shortfall interest charge will become non-deductible, increasing the cost of tax debt. It means businesses will have a strong incentive to obtain finance from banks instead of sitting on tax debt and they’ll be looking to accountants for help. <a href="https://www.charteredaccountantsanz.com/news-and-analysis/media-centre/our-experts/susan-franks">Senior Tax Advocate Susan Franks CA</a> joins host <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian Bowen</a> to go through what’s changing, what accountants can do to help their clients and where to find resources.
Register for the Director Penalty Notices Webinar in June – link coming soon!
Read more in <a href="https://www.charteredaccountantsanz.com/member-services/technical/tax/tax-in-focus/cost-of-tax-debt-to-soar-in-2025">Susan’s article</a>
Register for <a href="https://store.charteredaccountantsanz.com/ONLINE-EVENT-Australian-Federal-Budget-2023?quantity=1&amp;custcol_lll_eventdate_opt=15&amp;custcol_lll_eventyear_opt=9&amp;Location=Online&amp;custcol_lll_eventmonth_opt=5">ONLINE EVENT – Australian Federal Budget 2024</a>
Check out the <a href="https://www.charteredaccountantsanz.com/news-and-analysis/news/podcasts/small-firm-big-impact">Small Firm, Big Impact</a> podcast page

Cost of tax debt to soar

https://api.omny.fm/orgs/a34d9ae1-e217-41ad-8f3d-aae30005ee78/clips/e6771f2c-8ade-4e2d-94a7-b1550051054b/transcript

Want to save 30 minutes a day, and your team too, right now using GenAI? The next 26 minutes is so action-packed with straightforward, real-world practical tips, you’ll be questioning why you haven’t been using artificial intelligence this way already to improve efficiency and productivity at work. Chartered Accountant, and GenAI expert, Kayur Patel CA returns for Part 2 of this two-part special on artificial intelligence and everyday accounting. He and host Gillian Bowen dive into GenAI use-cases (text, data and bespoke) available to accountants today, particularly those in small and medium-sized practices. Get ready to take notes! 

Resources referred to in the episode: 
GenAI for SMPs (Part 1) - focused on the big picture of GenAI: What is it, the current state of play, the impact on workplaces and what’s around the corner? 
CA Library Artificial Intelligence general reading list 
CA Library articles/resources involving AI and accountancy: 

AI and the transformation of the CFO role (Isaac Heller, Strategic Finance, January 2024) 
Generative AI in accounting applications (Kelly Richmond Pope et al, Strategic Finance, November 2023) 
Writing advanced Excel macros with GPT-4 (Fidel Dhana, Journal of Accountancy, November 2023) 
Six principles for the effective use of artificial intelligence large language models (Daniel Street et al, CPA Journal, Nov/Dec 2023) 
Accounting in the age of generative AI (Tala Khalifeh, Strategic Finance, October 2023) 
Innovative processes in finance and accounting (AI and automation) (Vineet Jain, Strategic Finance, October 2023) 
Generative AI and risks to CPA firms (Sarah Beckett Ference, Journal of Accountancy, October 2023) 
The future of accounting: how artificial intelligence is revolutionizing the field (ACCA & Learn Signal, 31 October 2023) 
Ethical principles apply to AI (Accounting) (Daniel Butcher, Strategic Finance, August 2023) 
Using ChatGPT with Excel (Kelly L. Williams, Journal of Accountancy, April 2023) 
The future of finance with ChatGPT and Power BI: transform your trading, investing, and financial reporting with ChatGPT and Power BI (James Bryant & Aloke Mukherjee, Packt Publishing, 2023. eBook) 

Small Firm, Big Impact podcast page

Want to save 30 minutes a day, and your team too, right now using GenAI? The next 26 minutes is so action-packed with straightforward, real-world practical tips, you’ll be questioning why you haven’t been using artificial intelligence this way already to improve efficiency and productivity at work. Chartered Accountant, and GenAI expert, <a href="https://www.linkedin.com/in/kayur-patel-nz/">Kayur Patel</a> CA returns for Part 2 of this two-part special on artificial intelligence and everyday accounting. He and host <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian Bowen</a> dive into GenAI use-cases (text, data and bespoke) available to accountants today, particularly those in small and medium-sized practices. Get ready to take notes! 
Resources referred to in the episode: 
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><a href="https://www.charteredaccountantsanz.com/news-and-analysis/news/podcasts/small-firm-big-impact/s4e3-genai-for-smps-part-1">GenAI for SMPs (Part 1)</a> - focused on the big picture of GenAI: What is it, the current state of play, the impact on workplaces and what’s around the corner? </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">CA Library <a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-shelves.pl?op=view&amp;shelfnumber=3512">Artificial Intelligence</a> general reading list </li>
<li data-leveltext="-" data-font="Calibri" data-listid="1" data-list-defn-props="{&quot;335551671&quot;:0,&quot;335552541&quot;:1,&quot;335559685&quot;:2160,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Calibri&quot;,&quot;469769242&quot;:[9642],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;-&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="0" data-aria-level="3">CA Library articles/resources involving AI and accountancy: </li>
</ul>
<ul>
<li>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92724">AI and the transformation of the CFO role</a> (Isaac Heller, Strategic Finance, January 2024) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=173791008&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Generative AI in accounting applications</a> (Kelly Richmond Pope et al, Strategic Finance, November 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=173465108&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Writing advanced Excel macros with GPT-4</a> (Fidel Dhana, Journal of Accountancy, November 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=174866421&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Six principles for the effective use of artificial intelligence large language models</a> (Daniel Street et al, CPA Journal, Nov/Dec 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92492">Accounting in the age of generative AI</a> (Tala Khalifeh, Strategic Finance, October 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92493">Innovative processes in finance and accounting (AI and automation)</a> (Vineet Jain, Strategic Finance, October 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92473">Generative AI and risks to CPA firms</a> (Sarah Beckett Ference, Journal of Accountancy, October 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://www.youtube.com/watch?v=Ns-XBWZUm1s">The future of accounting: how artificial intelligence is revolutionizing the field</a> (ACCA &amp; Learn Signal, 31 October 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92319&amp;query_desc=kw%2Cwrdl%3A%2092319">Ethical principles apply to AI (Accounting)</a> (Daniel Butcher, Strategic Finance, August 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=91895">Using ChatGPT with Excel</a> (Kelly L. Williams, Journal of Accountancy, April 2023) </li>
<li data-leveltext="" data-font="Symbol" data-listid="1" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:2880,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="4"><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92651">The future of finance with ChatGPT and Power BI: transform your trading, investing, and financial reporting with ChatGPT and Power BI</a> (James Bryant &amp; Aloke Mukherjee, Packt Publishing, 2023. eBook) </li>
</ul>
</li>
</ul>
<a href="https://www.charteredaccountantsanz.com/news-and-analysis/news/podcasts/small-firm-big-impact">Small Firm, Big Impact podcast page</a>

GenAI for SMPs (Part 2)

https://api.omny.fm/orgs/a34d9ae1-e217-41ad-8f3d-aae30005ee78/clips/a2824c16-2a8e-43c8-ab83-b1460022ed8a/transcript

It’s time to check-in on the fast-moving world of artificial intelligence (AI) and learn how it’s impacting workplaces in 2024. Kayur Patel is a Chartered Accountant, and lecturer at the University of Auckland, who specialises in Generative AI. It’s his job to explain the state of play and to help educate accountants and their clients on how GenAI works, what it means for their businesses and why GenAI has a role in the future.

This discussion takes place over two episodes. Part 1 sets the scene while part 2 focuses on accounting-specific use cases for small and medium-sized practices.

Resources referred to in Part 1:
CA Library Artificial Intelligence general reading list

CA Library articles/resources involving AI and accountancy:

AI and the transformation of the CFO role (Isaac Heller, Strategic Finance, January 2024)
Generative AI in accounting applications (Kelly Richmond Pope et al, Strategic Finance, November 2023)
Writing advanced Excel macros with GPT-4 (Fidel Dhana, Journal of Accountancy, November 2023)
Six principles for the effective use of artificial intelligence large language models (Daniel Street et al, CPA Journal, Nov/Dec 2023)
Accounting in the age of generative AI (Tala Khalifeh, Strategic Finance, October 2023)
Innovative processes in finance and accounting (AI and automation) (Vineet Jain, Strategic Finance, October 2023)
Generative AI and risks to CPA firms (Sarah Beckett Ference, Journal of Accountancy, October 2023)
The future of accounting: how artificial intelligence is revolutionizing the field (ACCA & Learn Signal, 31 October 2023)
Ethical principles apply to AI (Accounting) (Daniel Butcher, Strategic Finance, August 2023)
Using ChatGPT with Excel (Kelly L. Williams, Journal of Accountancy, April 2023)
The future of finance with ChatGPT and Power BI: transform your trading, investing, and financial reporting with ChatGPT and Power BI (James Bryant & Aloke Mukherjee, Packt Publishing, 2023. eBook)
Small Firm, Big Impact episode from Season 3: Accounting and generative A.I.

It’s time to check-in on the fast-moving world of artificial intelligence (AI) and learn how it’s impacting workplaces in 2024. <a href="https://www.linkedin.com/in/kayur-patel-nz/">Kayur Patel</a> is a Chartered Accountant, and lecturer at the University of Auckland, who specialises in Generative AI. It’s his job to explain the state of play and to help educate accountants and their clients on how GenAI works, what it means for their businesses and why GenAI has a role in the future.
This discussion takes place over two episodes. Part 1 sets the scene while part 2 focuses on accounting-specific use cases for small and medium-sized practices.
Resources referred to in Part 1:
<ul>
<li>CA Library <a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-shelves.pl?op=view&amp;shelfnumber=3512">Artificial Intelligence</a> general reading list
<ul>
<li>CA Library articles/resources involving AI and accountancy:
<ul>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92724">AI and the transformation of the CFO role</a> (Isaac Heller, Strategic Finance, January 2024)</li>
<li><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=173791008&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Generative AI in accounting applications</a> (Kelly Richmond Pope et al, Strategic Finance, November 2023)</li>
<li><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=173465108&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Writing advanced Excel macros with GPT-4</a> (Fidel Dhana, Journal of Accountancy, November 2023)</li>
<li><a href="https://search.ebscohost.com/login.aspx?direct=true&amp;db=plh&amp;AN=174866421&amp;site=ehost-live&amp;scope=site&amp;authtype=sso&amp;custid=s1240828">Six principles for the effective use of artificial intelligence large language models</a> (Daniel Street et al, CPA Journal, Nov/Dec 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92492">Accounting in the age of generative AI</a> (Tala Khalifeh, Strategic Finance, October 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92493">Innovative processes in finance and accounting (AI and automation)</a> (Vineet Jain, Strategic Finance, October 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92473">Generative AI and risks to CPA firms</a> (Sarah Beckett Ference, Journal of Accountancy, October 2023)</li>
<li><a href="https://www.youtube.com/watch?v=Ns-XBWZUm1s">The future of accounting: how artificial intelligence is revolutionizing the field</a> (ACCA &amp; Learn Signal, 31 October 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92319&amp;query_desc=kw%2Cwrdl%3A%2092319">Ethical principles apply to AI (Accounting)</a> (Daniel Butcher, Strategic Finance, August 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=91895">Using ChatGPT with Excel</a> (Kelly L. Williams, Journal of Accountancy, April 2023)</li>
<li><a href="https://library.charteredaccountantsanz.com/cgi-bin/koha/opac-detail.pl?biblionumber=92651">The future of finance with ChatGPT and Power BI: transform your trading, investing, and financial reporting with ChatGPT and Power BI</a> (James Bryant &amp; Aloke Mukherjee, Packt Publishing, 2023. eBook)</li>
</ul>
</li>
</ul>
</li>
<li>Small Firm, Big Impact episode from Season 3: <a href="https://www.charteredaccountantsanz.com/news-and-analysis/news/podcasts/small-firm-big-impact/s3e11-accounting-and-generative-ai">Accounting and generative A.I.</a></li>
</ul>

GenAI for SMPs (Part 1)

https://api.omny.fm/orgs/a34d9ae1-e217-41ad-8f3d-aae30005ee78/clips/b05dd2d7-338b-4125-b633-b1320032d62c/transcript

Accountant's Financing Letters

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Small Firm, Big Impact

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