AI is able to draft assessment orders. AI can keep track of assessments. AI can advise on validity of assessment order. AI will help to find out the relevant judgements for reference and will provide probability of success in the case. Accordingly clients and legal practitioners can save time and money. Due to help of AI unnecessary research time will be saved.
00:03 AI will impact the future of Chartered Accountants in India. 01:22 AI will revolutionize financial auditing and stock analysis 02:35 AI is transforming vouching, verification, and auditing processes. 03:41 AI automating report generation and document matching in tax processing 04:43 AI can automate tasks like data entry in Excel, but cannot replace fields requiring human knowledge and public communication. 05:45 Certain fields involving communication and experience won't be replaced by AI. 06:49 AI can assist in data analysis but won't replace complex problem-solving 07:51 AI will not replace human beings or CA's, but those who do not utilize AI effectively.
Tf are you talking about. Wake up to reality kid. AI is able to solve biggest math problems, recently launched Sora ai can create videos. And you say it cannot understand taxation?
@@Anantt.d0 I am in foundation so I know almost nothing about ca that's the reason I am watching these videos to find out reasons why ai cannot replace chartered accountants but no one is telling me this. Please tell me something 🥺🙏. And also tell me if ai will increase the scope of ca or reduce it in future. Please tell it will mean a lot
@@Anantt.d0 accept the fact that u donno much about AI and don't underestimate anything compare AI ability in 2021 to 2024 ull see how fast it has grown...
Definately AI can't replace CA's but it can definately affect the amont of CA's a firm or a company required to do their job because now their productivity is increased.
😂😂😂😂😂😂Are u high 😂😂😂 wale up to reality CA does which we get from internet each information AI easily fuck ca even Lawers job in danger cos after ai peoples will fight their case by own
The Signature of a CA is always required on Audit report....then only it is a valid Audit thus I think that the Core domain of a CA is never gonna be replaced
yes one thing is how can we rely on that automated data that presented by AI.so we need to cross verify those data it means there will be big scope in audit in automated environment
Accounting is about record, summarize, analyse and interpret financial data AI might perform recording and summarising part but the day it can perform analysing and interpreting entire economy might collapse asa huge number professionals (including CA, lawyer, engineers doctor,etc) will loose jobs hence buying power will decrease significantly bringing economy down 😔
It's not only about CA.. if AI can become so advanced as to take over jobs of CA then it will also be adequately equipped to cause a decline in number of all kinds of jobs ,say engineers ,doctors , and with better judgemental abilities even management and decision making.. Since AI is capable of learning by itself it will take over all the digital jobs then those that require mental work and slowly with development of robots for it's body structure, even physically intensive work.. if you want to be safe for a long time ,you may start with farming/agriculture ,atleast as a part time 😅
Yeah ppl still assume AI as a chat bot where as we are in a phase between Artificial narrow intelligence and artificial general intelligence....still we didn't reach AGI and these dumbo don't know what ASI ( Artificial Super Intelligence)can do .
and in the USA 300,000 accountants and auditors have left the profession over the last two years, this is the end of the accounting profession globally.
Where's the source? USAs economy is going through recession and in recession you don't go hiring expensive auditors there is no point as people ain't putting money in stocks and when business grows accountants also grows. How hard is it to trick AI (pretty easy unless it surpasses human brain) Forensic accounting ain't going anywhere and it's just 1 example I have plenty :) And it can't surpass human brain as "AI use algorithms but world is uncertain" Why you are so jealous anyway, couldn't clear the exam or what ? wAiTiNg fOr aI tO tAKe oVeR iCaI 🤡 Lol kid
Brother they didn't left most of the account which are in us are in retirement zone 2020-2023 and there is the shortage of accountants in usa and they are in demand right now , people don't want become accountants because it is boring and hard in usa and now ai is there so the new people are afraid about getting in this field and India ca have very complex tax law and audit where ca will always needed until ai became so powerful that it take every job if ca job go away then except for lawyer and doctors , labour no job will remain
@@dibiyanshuchamola6936 yep becoming a cpa in usa is very hard and job or career shift is not possible cuz they have to do masters to persue it and its not worth , but cpa firms are now outsourcing there work from good indian firms you can read about it on THE FINANCE STORY as well
He has extensive experience in various fields, from articleship to investment banking, and has even founded his own startup. Additionally, he is an author. His podcasts on finance are backed by years of experience and credibility, which he has meticulously built. These podcasts feature esteemed finance professionals from diverse fields, not just anyone. This approach has helped him establish a powerful network. He is also earning substantial income from his podcasts and enjoys considerable flexibility. With his qualifications as an ACCA, CA, and CFA, all achieved with top ranks, and his strong network, he could secure a high-paying position in any business if he chose to.
AI will do 90% of work of CA. This is AI era, knowledge is zero value but right skill has always value. For skill you need knowledge. It's better to look other path.
A common sense is if AI replace all the stuff then there is no human transaction, if there is no human transaction there are no jobs and eventually economy vanished.
But according to scientists AGI(Artificial general intelligence AI ka baap) has 100% probability to replace humans in all aspects and it is a big threat for humanity
Sir, i have a question If someone use chatgpt and share sensitive data with it and is there any chance of leakage of sensitive data to the competitors.
Were you having the knowledge of these much things at the completion of CA inter level ? (currently where i am and having dizziness by listening to these much complicated jargons )
Very good information sir can you tell me are you topper in ca sir and your skills exellent and still now which company are you doing the job plz tell me
I would suggest you do cma instead which is less riskier and is also safer. The ICAI is a stubborn institute living in the 90s thinking they are the epitome of finance when they cannot even give out a book without mistakes or conduct the exams properly. The CMA india course is also equal to the CA course although the skillset is different but you can clear it in 3 years. Along the way you can pick up additional courses and improve on much faster than giving attempt over attempt and wasting your time and money. It is highly underrated course like the CS because of low exposure. If you do become a CMA , you can give another exam and join the ICAS as an Assistant director of cost , which is a class A employee service similar to IAS,IPS, but only CMA can give it. CA is a good course it is much riskier. Your call
@@mjstudy1125 bete uske andar jab ham insano ne information dali, tab usne wo information dusre insano ko batai jo search kar rahe the, google or any other search engine for that matter cannot form opinions or even think without human intervention.
@WesternRailwaysAnimation dude are u high.... from birth humans are fed with data and information (education) thats how we are able to make opinion and think...same way AI only doesn't have biological body like us...if we feed it with all information even it can give opinions and also think even smarter than human.
@@Mrpositi and where do those data and information come from? Computers? Well, WE made them. Before Computers were a thing, humans relied solely on their intellect, which is intrinsic to analyse scenarios and extract data and information from them. Aur tu pehle jaake grammar sikh fir AI ke bhajan gaa
BHAI TU THODI BHOT HINDI BHI KYU BOLTA HAI REHNE DE BRITISHERS PURI VIDEO ENGLISH ME HAI APNE CHANNEL KA NAME BHI ENGLISH RAKHLE UNDERSTANDING KE LIYE HINDI LANGUAGE HI BEST HAIN CAHHE TU KITNI BHI ENGLISH BOLLE BHAI HAME GHANTA FARAK NAHI PADTA HATTTTTTTT.......
AI is able to draft assessment orders. AI can keep track of assessments. AI can advise on validity of assessment order. AI will help to find out the relevant judgements for reference and will provide probability of success in the case. Accordingly clients and legal practitioners can save time and money. Due to help of AI unnecessary research time will be saved.
Assessment & litigation - public speaking with human knowledge.
1) Chatgpt
2) Midjourney.
Assessment, litigation communication and presentation are skills that cant be replaced by AI.
Advisory opinion of tax also
Advisory of tax will never be replaced ai will increase the tax
Hey Kushal ❤
Buddy plz make a same video on CFA.
Me and your UA-cam family is waiting for your new video on "Will AI can replace CFA"
00:03 AI will impact the future of Chartered Accountants in India.
01:22 AI will revolutionize financial auditing and stock analysis
02:35 AI is transforming vouching, verification, and auditing processes.
03:41 AI automating report generation and document matching in tax processing
04:43 AI can automate tasks like data entry in Excel, but cannot replace fields requiring human knowledge and public communication.
05:45 Certain fields involving communication and experience won't be replaced by AI.
06:49 AI can assist in data analysis but won't replace complex problem-solving
07:51 AI will not replace human beings or CA's, but those who do not utilize AI effectively.
Ai can never replace C.As
Our Tax system is very complicated
Tf are you talking about. Wake up to reality kid. AI is able to solve biggest math problems, recently launched Sora ai can create videos. And you say it cannot understand taxation?
@@steveeeeeeeee5009 Are you a CA student.? If yes then idk how you're this high and if not then first see Ca books
@@Anantt.d0 I am in foundation so I know almost nothing about ca that's the reason I am watching these videos to find out reasons why ai cannot replace chartered accountants but no one is telling me this. Please tell me something 🥺🙏. And also tell me if ai will increase the scope of ca or reduce it in future. Please tell it will mean a lot
@@Anantt.d0 accept the fact that u donno much about AI and don't underestimate anything compare AI ability in 2021 to 2024 ull see how fast it has grown...
If Govt. replaces ITax and GST by BCTT banking cash transaction tax . Then ?
Who said my uncle is a reputed charted accoutant he lived a great life 🧬 and he is a legend
Definately AI can't replace CA's but it can definately affect the amont of CA's a firm or a company required to do their job because now their productivity is increased.
Yeah bro that's what i wanted to see, others just giving self satisfaction to themselves 😁
Bro AI will completely replace CA's they can do things much faster and more accurately than humans
@@NavraajSinghPBX1 But statute requires a CAs signature in many forms. So nah, practicing CA is safe
Explained smartly supporting ai
Chartered Accountant ❤️ is the father of all and no one can replace him.💯💪🏻
😂😂😂😂😂😂Are u high 😂😂😂 wale up to reality CA does which we get from internet each information AI easily fuck ca even Lawers job in danger cos after ai peoples will fight their case by own
The Signature of a CA is always required on Audit report....then only it is a valid Audit
thus I think that the Core domain of a CA is never gonna be replaced
It can if government brings a law which ends the signature power lol
@@EmirateOfHind 👍👍👍
@@EmirateOfHindand government will never do that
@@EmirateOfHind oh amend the icai act 1948??? wah bete wah
yes one thing is how can we rely on that automated data that presented by AI.so we need to cross verify those data it means there will be big scope in audit in automated environment
Plz make a video for science students who wants to pursue CA. How to approach and how to cover basics. plz I really need this
Your stream is is totally different so how you thought that you should pursue for CA
@fouziya
You can do it.
I am also from the science stream.
Now I am in the ca finals.
Don't come in ca you guys take jobs of commerce background students stay away
@@ashidshaik7716 Can you give me some tips in order to cover the basics. It would be really helpful for me
@@FouziyaSheikh-qr5pm can you share your email id
Accounting is about record, summarize, analyse and interpret financial data AI might perform recording and summarising part but the day it can perform analysing and interpreting entire economy might collapse asa huge number professionals (including CA, lawyer, engineers doctor,etc) will loose jobs hence buying power will decrease significantly bringing economy down 😔
mmm. school life just over ...?
It's not only about CA.. if AI can become so advanced as to take over jobs of CA then it will also be adequately equipped to cause a decline in number of all kinds of jobs ,say engineers ,doctors , and with better judgemental abilities even management and decision making.. Since AI is capable of learning by itself it will take over all the digital jobs then those that require mental work and slowly with development of robots for it's body structure, even physically intensive work.. if you want to be safe for a long time ,you may start with farming/agriculture ,atleast as a part time 😅
Me who is still in Foundation and dreaming life after CA😂🤦🏻♂️
.
.
.
.
Now I am in Inter
Us bro us
@@tejesvishah9114 best of lck for exams✨
@Suske. thanks, I'm giving exams in June24
same bro 😂
@@tejesvishah9114 oke study well mine r in dec!
Seems like AI is gonna replace jobs of accountants too currently working in various CA firms
People do not understand: it is neither like calculator nor spreadsheet program. AGI can replace every jobs except ( ).
Yeah ppl still assume AI as a chat bot where as we are in a phase between Artificial narrow intelligence and artificial general intelligence....still we didn't reach AGI and these dumbo don't know what ASI ( Artificial Super Intelligence)can do .
@@heyy_ashuu 1st attempt?
@@heyy_ashuu so u r writing in june?
I was thinking the same thing. Every employee in every job must be ready for disruption by AI
You are well versed
kushal bhaiya DEVIN will surely replace CA isn't it ?
Sir can you suggest any AI courses relevant for CA
What if I want to do basics of finance and then move to advance AI finance which course should I refer
Jobs will reduce, demand will be high . ultimately salaries will take a huge hit
Par salary toh kam ho jaege na , adha toh ai se ki kaam hoga 💔
and in the USA 300,000 accountants and auditors have left the profession over the last two years, this is the end of the accounting profession globally.
Where's the source?
USAs economy is going through recession and in recession you don't go hiring expensive auditors there is no point as people ain't putting money in stocks and when business grows accountants also grows.
How hard is it to trick AI (pretty easy unless it surpasses human brain)
Forensic accounting ain't going anywhere and it's just 1 example I have plenty :)
And it can't surpass human brain as
"AI use algorithms but world is uncertain"
Why you are so jealous anyway, couldn't clear the exam or what ?
wAiTiNg fOr aI tO tAKe oVeR iCaI 🤡
Lol kid
Brother they didn't left most of the account which are in us are in retirement zone 2020-2023 and there is the shortage of accountants in usa and they are in demand right now , people don't want become accountants because it is boring and hard in usa and now ai is there so the new people are afraid about getting in this field and India ca have very complex tax law and audit where ca will always needed until ai became so powerful that it take every job if ca job go away then except for lawyer and doctors , labour no job will remain
@@dibiyanshuchamola6936 yep becoming a cpa in usa is very hard and job or career shift is not possible cuz they have to do masters to persue it and its not worth , but cpa firms are now outsourcing there work from good indian firms
you can read about it on THE FINANCE STORY as well
It will that is why even after scoring a rank . You are podcast and all these stuffs
He has extensive experience in various fields, from articleship to investment banking, and has even founded his own startup. Additionally, he is an author. His podcasts on finance are backed by years of experience and credibility, which he has meticulously built. These podcasts feature esteemed finance professionals from diverse fields, not just anyone. This approach has helped him establish a powerful network. He is also earning substantial income from his podcasts and enjoys considerable flexibility. With his qualifications as an ACCA, CA, and CFA, all achieved with top ranks, and his strong network, he could secure a high-paying position in any business if he chose to.
Hi sir !! I would love to join the course for finance and AI as you mentioned in the description but it is too expensive could you kindly help ??
Can you suggest AI TOOLS
I am 16 year old , should i prepare for CA or not?
I am also 16
So have you confirmed anything to do CA or anything else
I am also confused with CA and IIT
IIT
Hey bro direct learn skill and get job before 18
Bro learn a skill make money in next 5 to 7months
@@hardikvij7268read above
AI will do 90% of work of CA. This is AI era, knowledge is zero value but right skill has always value. For skill you need knowledge. It's better to look other path.
Ae bhai aisa thumbnail Mt lagaya kro log sirf upar se dek ke bolne lag gaye hai ca ka the end
After completing CA final we can do CFA level 1 exam without work experience
AI can only interpret data , it cannot cook up data. CA-1 AI-0
A common sense is if AI replace all the stuff then there is no human transaction, if there is no human transaction there are no jobs and eventually economy vanished.
Sir please aap foundation kea bareme hame aur jankari digiyea sir please 2024 ka ca bana hea kease karu sir please bataeyea
But according to scientists AGI(Artificial general intelligence AI ka baap) has 100% probability to replace humans in all aspects and it is a big threat for humanity
Hello sir I got selected in accenture solution as functional consultant through ICAI campus. Will you please guide me is it good to start my career.
Sir, i have a question
If someone use chatgpt and share sensitive data with it and is there any chance of leakage of sensitive data to the competitors.
AI can not give assurance
Were you having the knowledge of these much things at the completion of CA inter level ? (currently where i am and having dizziness by listening to these much complicated jargons )
Only marketing and sales jobs are left then.
Its like hamko sher se tez nahi bhagna but apne dosto se tez bhagna hai 😂
Very good information sir can you tell me are you topper in ca sir and your skills exellent and still now which company are you doing the job plz tell me
Sir mujhe dar lagraha hai mein ca foundation mein hu 🥲
Same yaha 10 din m exam h😢
Same may 24. Attemp
I would suggest you do cma instead which is less riskier and is also safer. The ICAI is a stubborn institute living in the 90s thinking they are the epitome of finance when they cannot even give out a book without mistakes or conduct the exams properly. The CMA india course is also equal to the CA course although the skillset is different but you can clear it in 3 years. Along the way you can pick up additional courses and improve on much faster than giving attempt over attempt and wasting your time and money. It is highly underrated course like the CS because of low exposure. If you do become a CMA , you can give another exam and join the ICAS as an Assistant director of cost , which is a class A employee service similar to IAS,IPS, but only CMA can give it. CA is a good course it is much riskier. Your call
please tell from where did you take your CA coaching
Already video banayi hai bro usne
Eisa toh harek field AI lelega in future
Yes
Crores k tax kon bachaega fir business mans k😂
i am waiting for AI to replace ICAI
It is a parliament act , and cannot be replaced
tu gadha h gadha hi rahega
Hey kushal ....can you please make a video on what you currently do
Yepp.... I also want this video....
Machine cannot think more than human😂😂😂
Google ka naam suna hai beta vo ek search engine hai fir bhi all reliable information hai
@@mjstudy1125 bete uske andar jab ham insano ne information dali, tab usne wo information dusre insano ko batai jo search kar rahe the, google or any other search engine for that matter cannot form opinions or even think without human intervention.
@@WesternRailwaysAnimationyou are right bro 😂😂😂 ye log Google ko hi apna baap bana lete hai
@WesternRailwaysAnimation dude are u high.... from birth humans are fed with data and information (education) thats how we are able to make opinion and think...same way AI only doesn't have biological body like us...if we feed it with all information even it can give opinions and also think even smarter than human.
@@Mrpositi and where do those data and information come from? Computers? Well, WE made them. Before Computers were a thing, humans relied solely on their intellect, which is intrinsic to analyse scenarios and extract data and information from them. Aur tu pehle jaake grammar sikh fir AI ke bhajan gaa
BHAI TU THODI BHOT HINDI BHI KYU BOLTA HAI REHNE DE BRITISHERS PURI VIDEO ENGLISH ME HAI APNE CHANNEL KA NAME BHI ENGLISH RAKHLE UNDERSTANDING KE LIYE HINDI LANGUAGE HI BEST HAIN CAHHE TU KITNI BHI ENGLISH BOLLE BHAI HAME GHANTA FARAK NAHI PADTA
HATTTTTTTT.......
Sir thody Hindi bol diya karo😢
Make videos In English
हिंदी भी बोलकर समझा सकते हो।😮
Kusal itra mat
Kis baat pe
which are AI + FINANCE roles for CAs?
IT AUDIT is good field ?? @KUSHAL_LODHA
you are not fit for the job
Why