How to use ChatGPT for Accountants

As you all know about the hype of AI tools. And whenever we think about AI tools, one of the names is ChatGPT. ChatGPT has a wide range of Applications but in this blog we are going to discuss how Chartered Accountants [CA] can leverage the power of ChatGPT in order to boost productivity. This blog won’t waste your time as I am also pursuing CA and currently working in KPMG. So, I will give you practical instances where you can deploy ChatGPT to boost productivity. Let’s dive into it. Summarizing ISAs You will take much more time to read the whole standard and decipher the core purpose than reading a quick summary. If you are an auditor and need a quick summary of an Audit Standard then ChatGPT is really helpful for you. Here is what you can try: Type a prompt like this “Give me a concise summary of ISA 710” Summarizing 30 Pages PDF How much time do you take to read 30 pages of pdf? I think that is a lot more than reading 3-4 pages. Suppose you are going to read an appellate order...