ChatGPT has captured the popular imagination because of its conversational voice, its wide scope of ‘knowledge’, and far-ranging abilities. In this paper, we use an innovative interview method to introduce CPAs to ChatGPT, its development, and the current state of its capabilities. We then draw upon our own expertise to discuss the evolution of large language models, suggest applications of large language models (LLMs) in the field of accounting, critically evaluate LLMs’ current strengths and weaknesses, and propose five principles to effectively and safely leverage LLMs in the accounting domain.
Journal of Forensic and Investigative Accounting
Accounting and Financial Management
Analytics & Operations Management
Street, Daniel and Wilck, Joseph. "“Let’s Have a Chat:” Applying ChatGPT and Other Large Language Models to the Practice of Forensic Accounting." (2023) : 1.