AI – Ric Payne's Blog: The Consulting Accountant

The Rapture of the Nerds

3 Minute Audio

In 2017 I was anxious to better understand how artificial intelligence was likely to impact the way we work so I bought and read Jerry Kaplan’s (a Stanford Professor) book “Artificial Intelligence: What Everyone needs to know.” The following paragraph in the final chapter jumped out at me when I re-read the second sentence today.

AI and the Future of Advisory

Under the direction of Accounting Today, the 3.5 Version of ChatGPT sat the CPA Exam and failed, rather badly it turns out! However, as Rick Richardson notes in a recent (Sept 28, 2023) article in CPA Trendlines “The most recent Version 4.0 [of ChatGPT] averaged 85.1 out of 100 and successfully completed all four sections of the exam, in contrast to the prior Version 3.5’s average score of 53.1. The chatbot received an 87.5 in the part that rated highest, auditing and attestation (AUD).”

This is a very interesting development for several reasons.