- What's Next For Accounting?
- What's Next For Accounting? - Issue #118
What's Next For Accounting? - Issue #118
📃 ChatGPT Plan & Security Comparison
There are now three paid flavors of ChatGPT that let you access all the models:
In a nutshell: ChatGPT Team is as secure as any other app you use that doesn’t enforce multi factor authentication (MFA), which frankly is still most of the apps we use. In our PM roundup only 5 of the 14 practice management systems allowed for enforcing MFA.
SOC-II type 2 compliance would be nice to have, but isn’t a requirement for accountants (US) and the majority of apps in our space, including half the PMs surveyed have not been audited.
It’s worth noting API-usage, or the way our tech vendors use the model, is SOC-2 type 2 compliant and prompts are not used to train the model. Under all plans they have a 30 day data retention policy, which is fairly common practice. Microsoft’s data retention policy is 180 days.
Whether it’s appropriate to use depends on the type of data being put into ChatGPT - Non-sensitive, redacted, or sensitive information
I previously outlined my framework for how you should develop an internal use policy for all three types of data
The biggest weakness of the Team plan currently (as is the case of with many of the apps we use) is the inability to force 2FA or MFA. In the US 2FA is currently only mandatory for tax prep systems
Most data breaches today happen due to unauthorized access, someone getting access to your email, or your login credentials who could then get into your ChatGPT account and see conversation history
Teams is fundamentally more secure that Plus, and at $5/10/mo more it's a no brainer upgrade if you were already on Plus, but ultimately is not a replacement for developing a usage policy for different types of data
🤔 What Would You do?
A software partner rolls out an AI feature
Do you have concerns with software partners using large language models with your data?
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📅 This Week
Microsoft launched Copilot Pro - this is akin to ChatGPT Plus, a beefed up experience but only works on personal Office plans & apps
More notably businesses can now get access to Copilot for Microsoft 365 (the biz version) - it’s $30/mo/user, and they removed the 300 user commitment requirement. If you’ve taken this for a spin, I’d love to hear how it’s working for you!
For small firms you now have at your disposal:
In my accountant community we rolled out Advisors-In-Residence to help you build out your Karbon, Canopy, TaxDome, Financial Cents and Keeper setup
On the podcast this week:
Accountants shared their favorite firm websites on this thread
A new study from the IMF says of the 60% of jobs they expect to be impacted by AI, half will benefit from it, while the other half may execute tasks previously done by humans which could lead to job displacement
Meanwhile everyone’s just making AI girlfriends
Anthropic released a study about “Sleeper Agents”, or an LLM’s ability to secretly do malicious things
Microsoft is adding a Copilot key to keyboards in what is the first change to the PC keyboard layout since the windows key was added in 1994 - Copilot can current be launched via Windows key + C
😍From The Community
My private peer networking community Realize for firm leaders, now capped at 500 members.
▮▮▮▮▮▮▮▮▮▮▮▮▮▮▯▯▯▯▯▯ 385/500 members