EY, Deloitte And PwC Embrace Artificial Intelligence For Tax And Accounting

Tax preparation, auditing and strategy consulting are services that have historically relied on an intensive use of human capital. Artificial intelligence (AI) now threatens these business models. Technologies such as natural language processing (NLP) and robotic process automation (RPA) complete in mere hours what human auditors took weeks to do. Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC) are three of the famed Big Four tax and accounting companies. I recently sat down with innovation leaders at these companies to learn how AI is transforming the tax and auditing business.