Rod and Josh discuss the impact of artificial intelligence (AI), on business and life: the talent crunch in the business valuation profession and the high salaries offered by large firms make it difficult for smaller firms to hire junior analysts.

Imagine growing your business without being able to hire additional staff - could AI be a solution to this constraint?

Key takeaways:

• The importance of familiarizing oneself with AI and its potential applications in business valuation
• How AI can be used to do a lot of tasks that you would hire a junior analyst to do.
• Make time to learn the tool. See the show notes for a list of great resources
• Practical examples of how to use AI to assist with writing and due diligence prep

Guest: Rod Burkert, CPA/ABV, Burkert Valuation Advisors Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

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RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links.

Ron will be a presenter at the 2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30 in Dallas, TX. CLICK HERE to register

• Early bird discounts are available through Sept 13.
• FVS Section, ABV, CFF, and CVFI save an additional $550.

Mentioned in the episode:

Ron’s starting business valuation prompt: Please note that AICPA-CIMA and the FVS Section do not endorse any of the products at the following links Ron reads the following AI newsletters:

• The Rundown AI
• AI Tool Report | Your Daily Source of AI
• The Neuron
• Prompts Daily

Ron watches the following AI YouTube channels: 

• OpenAI - YouTube
• Skill Leap AI - YouTube
• The Neuron - YouTube

From the FVS Section webcast archive (available as a benefit to FVS Section members) The state of AI and machine learning in financial instrument valuation | FVS webcast archive

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content, including BRGonline, Daubert Tracker, and Merger Shark.

LEARN MORE ABOUT Accredited in Business Valuation(ABV) – Visit the home page and check out the ABV Infographic

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