The generative artificial intelligence (GAI) chatbot that we know as ChatGPT has taken the world by storm because of its ability to generate answers to questions posed in human-like, conversational responses. ChatGPT is currently utilized by young and old alike in federal tax practice as we speak, but is it ready for prime time? ChatGPT has its strengths, but also notable weaknesses.

The problem at hand is that generative AI, such as ChatGPT, is not strong enough on its own to keep its user out of serious ethical trouble or potential legal jeopardy. Human monitoring, thinking, and cleanup are still required to get the most out of these systems.
    
This webinar walks through the ethics rules surrounding the use of GAI and instructs how to avoid this trouble. Throughout this webinar, applicable AICPA, Circ. 230 and ABA ethics rules will be highlighted.

How many of the following questions can you confidently answer?

• Is the use of generative AI (ChatGPT in particular) helpful in tax practice?


• What are the professional ethics rules applicable to the use of ChatGPT?


• What are the practical limitations on its use? Can it be harmful?


• Does ChatGPT hallucinate?


• What must you know and do to prevent ChatGPT from getting you into trouble?


• In what contexts may it best be used?


• How can ChatGPT responsibly save you time and make you money?


• What skill sets can capably aid you in your approach to utilizing ChatGPT?

This course answers the above questions through a series of case study ChatGPT searches and a second effort. Blink your eyes and GAI will change -- and likely get a lot better very quickly. If tax practitioners do not jump on the GAI train now, they’re likely to get left at the station. But, for now, GAI ethical bullets are flying and we must skillfully duck them.

Learning Objectives:

• Identify the ethics rules applicable to the use of ChatGPT


• Evaluate the strengths and candid weaknesses of currently commercially available generative AI (GAI) such as ChatGPT


• Discover skill sets as to how to successfully utilize ChatGPT


• List legal, accounting, and tax risks applicable to the use of ChatGPT

PROGRAM NOTE: This webinar qualifies for 1 CPE credit in the field of Behavioral Ethics AND 1 CPE credit in the field of Information Technology. This webinar does not qualify for IRS CE credit.