Six Principles for the Effective Use of ChatGPT and other Large Language Models in Accounting

CPA Journal (Forthcoming)

20 Pages Posted: 27 Aug 2023

See all articles by Daniel Street

Daniel Street

Bucknell University

Joseph Wilck

Bucknell University

Zachariah Chism

University of Alabama - Culverhouse School of Accountancy

Date Written: August 24, 2023

Abstract

Large Language Models (LLMs) like ChatGPT can improve the efficiency of common language generation tasks performed by CPAs, but using LLMs creates certain risks. To help CPAs reap the benefits of LLMs while minimizing the risks of this emerging technology we suggest nine principles to guide CPAs as they incorporate LLMs into their work.

Keywords: ChatGPT, Large Language Models, Chatbots, AI

JEL Classification: M4, M15, M40, M41, M42

Suggested Citation

Street, Daniel and Wilck, Joseph and Chism, Zachariah, Six Principles for the Effective Use of ChatGPT and other Large Language Models in Accounting (August 24, 2023). CPA Journal (Forthcoming), Available at SSRN: https://ssrn.com/abstract=4551289

Daniel Street (Contact Author)

Bucknell University ( email )

701 Moore Ave.
Lewisburg, PA 17837
United States

HOME PAGE: http://https://www.bucknell.edu/fac-staff/daniel-street

Joseph Wilck

Bucknell University ( email )

One Dent Drive
Lewisburg, PA 17837
United States

Zachariah Chism

University of Alabama - Culverhouse School of Accountancy ( email )

Tuscaloosa, AL 35487
United States

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