Back to Home

Deloitte Refunds AI Workslop Fee

Wednesday, November 5, 2025

AI Accounting Daily
Hey, Accounting Pros!
Welcome back to AI Accounting Daily, your #1 source for AI news in accounting.
Today, we're covering Deloitte refunding fees after AI-tainted reporting, CPA Canada pushing for an independent AI assurance framework, CFOs tapping automation for real-time savings, chatbots speeding spreadsheet grunt work, and firms backtracking on pilots amid stubborn AI skill gaps. We’ll unpack what this means for controls and reviewer workflows, how to validate AI-built formulas without slowing close, and where governance and upskilling need to land before ROI and trust do.

Latest in Accounting AI

1

Deloitte Australia Refunds Fees After AI Hallucinations

AI “workslop” isn’t harmless; it shifts labor downstream and erodes trust. Deloitte Australia will refund part of a $290,000 fee after AI-tainted reporting, while Stanford/BetterUp found 40% of workers got workslop recently. For reporting and audit testing, reputational cost lingers—controls have to move earlier.
Read full story
2

CPA Canada Urges Independent AI Assurance Framework

CPA Canada is urging Ottawa to create an independent assurance framework for AI, resume legislating, and boost literacy. For firms, audit testing and advisory may shift to validating controls, not tools. SMEs could get incentives, but whether standards land before adoption outruns oversight remains unclear.
Read full story
3

ChatGPT Automates Spreadsheet Work For Accountants

Spreadsheets remain friction points in reconciliations and month-end close, but chatbots ease the grind. The playbook is simple: three moves—structured data extraction, formula generation (think SUMIFS, INDEX/MATCH), and bite-size tutorials. Free tools like ChatGPT or Gemini speed setup; tension is how reviewers validate AI-built formulas.
Read full story

AI Applications

1. 📊 Truewind Truewind automates bookkeeping workflows and client follow-ups so your firm closes faster, frees capacity for advisory and improves margin control.

2. 📈 Coast Coast automates payments and client billing, eliminating manual invoicing and delayed collections, so small accounting firms maintain cash flow and reduce administrative overhead.

3. 📈 Pecunio AI Pecunio AI connects to your finance software and forecasts runway, scenario-plans and delivers CFO-level insights so your firm raises advisory value and advances client profitability.

4. ⚡ Custom GPT Custom GPT enables you to teach AI your firm’s processes, chat with client data and generate deliverables so your team ups-kills juniors, reduces partner review time and boosts margin per engagement.

5. ⚡ Slides AI SlidesAI turns your narrative or Excel/QuickBooks data into professional client dashboards or board-packs so you spend less time creating and more time advising.

6. 🤝 Aircall Aircall automates call handling and logging, ensuring small accounting firms track client conversations accurately, respond faster, and improve client communication and retention.

Updates in AI

1

CFOs Use AI To Unlock Billions In Savings

Finance chiefs are shifting from oversight to optimization as AI eats the back office, turning month-end chores into real-time flows. Think invoice extraction and reconciliations handled by RPA-plus-ML while forecasting engines surface anomalies before the CFO asks. Teams redeploy to analysis, costs drop, and resilience rises—but new dependencies on data quality and controls hint at the next battleground.
Read full story
2

CompTIA Finds Firms Backtrack Amid AI Skill Gaps

Eight in ten companies are backtracking on AI projects as ambitions hit people-process-technology friction, CompTIA finds. Leadership expectations still rise—82% expect value—while skilling stays reactive and training slows rollouts. And 64% admit using AI as cover for unpopular cuts, muddying whether productivity or policy drives workforce shifts. Whether pilots harden into governance, upskilling, and measurable ROI—before fatigue spreads—now feels like the real test.
Read full story
3

Companies Cut White-Collar Roles Citing AI

White-collar layoffs are surging at marquee firms, but the driver isn’t just AI; Amazon, Target, and UPS together have shed more than 60,000 roles this year amid old-school belt-tightening, tariffs, and business-model shifts. Some cuts are explicitly automated—Salesforce axed 4,000 support jobs, Klarna shrank headcount about 40%—yet analysts see “AI-washing” too. With official jobs data temporarily dark, the boundary between productivity gains and plain retrenchment remains blurry.
Read full story

Prompt Ideas

Create QuickBooks Month-End Close SOP

**Role:** You are a **senior bookkeeper** who creates clear, repeatable Standard Operating Procedures for monthly QuickBooks closes. **Action:** Write a **Month-End Close SOP** for **[INSERT CLIENT TYPE OR ENTITY]** using **[INSERT QUICKBOOKS VERSION]**. **Context:** - Audience: internal accounting staff performing recurring monthly closes - Goal: standardize processes to ensure consistency, accuracy, and timeliness - Tone: professional, instructional, and precise - Style: numbered procedure format with brief section intros - Variables: - **Client Type:** [Small Business / S-Corp / Nonprofit] - **QuickBooks Version:** [Online / Desktop] - **Frequency:** [Monthly / Quarterly] - Structure: 1. Preparation steps (backups, access, reports) 2. Transaction review and adjustments 3. Account reconciliations 4. Financial report generation and review 5. Sign-off or documentation checklist - Output Length: **300–400 words**