This is an interesting concept but double entry accounting is the foundation that has been established and used for accountability and the framework for international accounting standards.
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Artificial Intelligence (“AI”) will become more important to accountants in the near future due to the mass of detail required to comply with more sophisticated accounting conventions and complicated tax laws. There should always be a need for the review process performed by humans
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Article Review of:
Moments of Truth: Global Executives Talk About the Challenges That Shaped Them as Leaders
By Olli-Pekka Kallasvuo, Gary Jackson, Franz Humer, Arthur Gensler, Sergey Petrov, Alan Klapmeier, Alexander B. Cummings, Duleep Aluwihare
From the January 2007 Issue of Harvard Business Review
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