AI-generated tax and finance advice is costing businesses money
An award-winning firm of Northamptonshire chartered accountants has warned that businesses following AI-generated tax and finance advice are at risk of suffering financial losses.Rushden-based Elsby & Co is one of many chartered accountancy firms urging businesses to avoid using general-purpose artificial intelligence platforms for accountancy advice following reports of firms making errors that have led to instances of overpaid tax, missed capital allowances and HMRC penalties.It has made the appeal during Chartered Week, which runs until Friday, February 27, and celebrates the vital role that chartered professionals play in setting high standards of competence, conduct and leadership in key industries...
