With so much AI development going on, companies need to understand how to apply accounting rules. There are existing accounting frameworks under U.S. GAAP that are relevant, but the challenge is applying them to AI. There are grey areas and questions that need to be answered.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting for AI Implementation Costs: Practical Information for Finance Leaders
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group