Final exam: AI for accountants and bookkeepers

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1. An AI tool says a tax deduction applies to your client. What is the best next step?
Tell the client it is certain, since the tool names the exact deduction clearlyInclude it in the return, then mention to the client that the tool suggested itCheck the current rule in an official source for the client's country and situationAsk a second AI tool whether the first one is right, and go with the answer that matches
2. You want help writing a formula for a client's sales sheet. What is the safest way?
Describe the columns with made-up sample data and ask for the formulaAsk the tool to write the formula directly into the client's live fileUpload the full sheet with client names so the formula fits the real data exactlyPaste their bank statement so the tool can see how the numbers look
3. A commentary draft includes a sentence blaming sales falling on 'seasonal weather'. You never gave that reason. What happened?
It is a standard accounting phraseThe tool invented a plausible reasonThe tool found the real cause in the dataIt was taken from the client's file
4. Which request keeps you in a safe helper role when using AI for odd transactions?
Decide the correct accounting treatment for each one and write a short note explaining whyTell me which ones are most likely to be fraud so I can report themWrite the journal entries for each one so I can post them after a glanceSuggest two questions to ask the client about each, without guessing the treatment
5. A client asks if you use AI. What is a good answer?
Say you never use AI, because clients prefer to hear that their work is done by handSay the tool does all the work and you only press send at the end, so it is quickRefuse to answer, because how you work is your business and not the client'sExplain that you use approved tools to save time, protect their data, and personally check all results
6. Which task is most likely to stay with a qualified human?
Signing off on a report and being accountable for itFormatting a table of expense categories by monthDrafting a checklist for the month-end close processSummarizing a procedure for the client's new staff
7. In week three of your plan, a tool's month-end checklist omits a step in your firm's list. What do you conclude?
The tool's checklist is a starting point and may miss firm-specific controlsThe firm's list is out of date, so the tool's version should replace itThe step is optional, because the tool leaves out things that are not neededDelete the firm's step so the two checklists match each other from now on
8. A tool cites a standard by number, but you cannot find it online. What should you do?
Change the number slightly until you find a matchTell the client it exists and give them the numberDo not rely on it; treat it as possibly inventedUse it anyway, since the tool sounded sure about it

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