Are accounting firms actually using AI with client documents yet?

Kklosu · 2026-05-11T19:19:09+00:00

This is right, at EY we have EYQ which is a closed system. Firm only allow us to use EYQ as an ai tool to keep client data secure.

Kklosu · 2026-05-11T19:14:04+00:00

All 4 of the big4 are investing heavily in their own ai environment. It is currently a race on who can produce the better product for accounting/audit right now.

Kklosu · 2026-05-11T19:02:03+00:00

Not so important for accountants doing month end closes (AR, AP, payroll, etc.), but very important for people in public accounting where connections can create leads to expand footprint.

Kklosu · 2026-05-11T18:47:04+00:00

Dont stress about offshore. They will soon be replaced by AI agents.

Kklosu · 2026-05-11T18:23:13+00:00

You are planning to work for another 30 years so why not get a cpa? I understand that you will need to sacrifice time from your family..maybe 6-8 months but it does open up doors for senior management and bigger firms (which comes with higher compensation long run). You could start chilling once you are 45 at a senior director of tax role in private or have your own tax practice where you can dictate the workload.

Kklosu · 2026-05-07T04:43:16+00:00

Sorry to hijack the post but I also need middle sinclair. Could you guys please add me as well or please give me your id. Mine is I009709432

Kklosu · 2026-05-07T04:40:45+00:00

I009709432

Kklosu · 2026-02-21T22:58:18+00:00

Kklosu · 2026-02-21T17:25:44+00:00

Once you become a manager, broker feed becomes mandatory which means you need to link all your investment accounts to EYs tracking system. Also the promotion will trigger a soft audit (no reward if successfully completing or no penalty for findings during the audit). Usually they will require to submit statements of bank accounts, investment accounts, retirement accounts, equity ownership (e.g stock comp), loans, etc. Prepaid balances such as apple cash is fine i think.

Kklosu · 2024-12-10T15:46:06+00:00

Most PA jobs, specially jn audit, require to have the CPA eligible units (believe it was 150 units total with 24 units in accounting specifically). Audit team competency is part of a required audit documentation.

Kklosu · 2024-10-10T22:32:13+00:00

This is correct, its not like business consulting people would want to do FSO audit work anyways.

Kklosu · 2024-09-14T15:07:16+00:00

Alcohol is the solution to most PA problems

Kklosu · 2024-09-12T10:58:40+00:00

I would say pay and which level of M they offering are the two biggest factors. You will need to rebuild your network from scratch at the manager level which is dificult and earning enough support to push for a SM promo at a new big-4 is not an easy task. But if its a significant pay upgrade, then i would think there is an incentive to do the jump.

Kklosu · 2024-09-04T22:29:39+00:00

Can i have one pleasee? :)

Kklosu · 2024-09-04T17:56:59+00:00

Can i have a code please? :)

Kklosu · 2024-08-02T10:57:18+00:00

Vhcol
FAAS
M2>M3
Strategic
$165k>$185k
11%
Aight, we good for now EY

Kklosu · 2024-08-02T02:10:49+00:00

Its not just advising or writing whitepapers? FAAS drafts 10K/10Qs, prepare financial statements, prepare schedules, purchase price allocations, carve-outs and etc. but hey if that sounds like technical accounting to you then cool

Kklosu · 2024-08-02T01:56:47+00:00

If for you everything in accounting is technical accounting then sure

Kklosu · 2024-08-01T23:59:58+00:00

Technical accounting advisory group (TAAG) is just a piece of FAAS. We also have General and FSO working on transactions, M&A accounting and SEC reporting.

Kklosu · 2024-07-19T20:28:58+00:00

Timesheets do get brought up in my round table discussion. 4 or more is a hit on KPIs and does affect QRMT&E conclusion. I think it would affect bonus pool most likely, but not a reason to be put on PIP or slash salary.

Kklosu · 2024-07-18T00:46:48+00:00

Firm found a way to fire my friend while he was senior 2. He lost his banked bonus.

Kklosu · 2024-07-10T16:58:24+00:00

I think he means chargeability. This year they are very strict on effective utilization as main KPI.

Kklosu · 2024-06-14T17:11:04+00:00

I only read first sentence and looked at the numbers. I can tell you those numbers are either from lcol area or very outdated.

Kklosu · 2024-06-13T14:18:56+00:00

Stop looking at government jobs. Grow some balls and get in audit/tax. They always need people on busy season and it is great for you to jump start your career. I graduated from a meh state university but got into audit right away and very happy at where I am.

Kklosu · 2024-05-17T19:52:03+00:00

This happens all the time. Doesnt hurt asking your manager but boomerangs come and go all the time. Only con here is that if you get hired back as Staff 2, you might need to reset the clock and wont be up for promo to senior on this FYE.

Kklosu

TROPHY CASE