TLDR:

Key points:

• Discussion on the impact of private equity in the accounting profession, with concerns about cultural changes in small firms.
• Exploration of the use of AI in accounting, including the need for appropriate and secure use of AI tools.

In the Accounting Technology Lab Podcast, hosts Randy Johnston and Brian Tankersley discuss the 2024 CPA Practice Advisor Thought Leader Symposium, held in Dallas in February. The symposium covered a range of topics, including the impact of private equity in the accounting profession. The discussion highlighted concerns about cultural changes in small firms as they are being rolled up into larger firms through private equity investments. The hosts also explored the use of AI in accounting, emphasizing the need for appropriate and secure use of AI tools to ensure data privacy and accuracy.