The Journal of Accountancy, the trade magazine of certified public accountants, published the article Real talk about artificial intelligence and blockchain this month. Here is on excerpt from that article:
"Technology is poised to transform the accounting profession. Artificial intelligence, robotics, and blockchain are on the verge of automating many traditional core CPA tasks. The profession is at a critical moment, one from which it will emerge in a far different form."
Like I have said, this stuff is going main stream. One of the panelists sort of makes the right connection between AI and XBRL, but not that clearly.
Clearly I agree with the Journal of Accountancy. I published a similar article a few days earlier, Accounting and Auditing in the Digital Age. My article goes into more detail and makes the role XBRL plays in this paradigm shift more clear. I also explain what CPAs should be doing now to stay on top of these changes.