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CPAs must understand AI’s limits, test its outputs, and keep professional skepticism firmly in human hands. Four firms share examples of using artificial intelligence to assess risk, prepare data, and flag anomalies in ways that save time and money. A CPA and business performance coach shares four questions to help…
Editor: Jessica L. Jeane, J.D. First and foremost, CPAs need to understand that a portfolio does not have to lose money overall for the client to realize capital losses. In a traditional exchange–traded fund (ETF) or mutual fund…