The AI Revolution in Accounting: Opportunities and Threats with Billie Mcloughlin

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Counting on Change

Leigh Stallard

18 episodes

2 days ago

Cloud Accounting promised to change the game for accountants, bookkeepers - but the majority of firms are still stuck, struggling to embrace change and adopt the tools the tools they've selected. This podcast is all about helping saas vendors, accountants and bookkeepers to navigate the difficult process of change together, with tips and advice from some of the leaders in our space.

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The AI Revolution in Accounting: Opportunities and Threats with Billie Mcloughlin

Counting on Change

30 minutes 29 seconds

6 months ago

The AI Revolution in Accounting: Opportunities and Threats with Billie Mcloughlin

In this captivating episode, Billie Mcloughlin, an ACCA qualified accountant, looks into the explosive growth of artificial intelligence and its transformative impact on the accounting profession.

With 16 years of experience, Billie shares insights on how AI models are evolving at unprecedented rates, predicting that 90% of Google's code will be written by AI within the next year. She discusses the current state and future implications of AI in professional services, revealing how firms can stay ahead of the curve and mitigate potential threats.

Billie also emphasises the importance of a mindset shift and intentional action to harness AI's benefits effectively. Tune in to discover practical advice, the challenges and opportunities AI presents, and why missing the AI train now could leave you stranded.

00:00 Introduction to the AI Revolution

00:59 Meet Billie McLaughlin

01:41 The Rise of AI in Accounting

03:52 AI's Impact on Work Hours and Job Security

05:32 Training and Adapting to AI

06:33 The Future of Compliance and Advisory Services

08:36 Getting Ahead with AI: Practical Steps

11:52 The Rapid Evolution of AI

15:58 Cutting-Edge AI Applications in Firms

19:58 The Importance of Starting Early with AI

22:46 Career Opportunities and Specialisation in AI

27:16 Final Thoughts and Connecting with Billie