The AICPA announced the rollout of its generative AI research tool, dubbed Josi, which provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.
Josi is named after Josiah Wedgwood, an 18th century potter and entrepreneur who is known as the father of cost accounting. The tool is intended to help users understand AICPA audit, attest, preparation, compilation, review and quality management standards, the AICPA Code of Professional Conduct, AICPA accounting and audit guides, and Public Company Accounting Oversight Board standards. Josi also simplifies and gives direct access to the Financial Accounting Standards Board’s standards and codification directly within the tool.
Users are able to receive accelerated research and summaries via Josi’s generative AI large language model, which draws only on the AICPA’s own online professional library of more than 40,000 accounting and auditing materials.
In addition to its research capabilities, Josi has workflow automation features. The tool can generate engagement letters, research complex accounting questions, prepare for the upcoming quality management standards changes, and more.
“AI has changed the rules on how businesses operate,” said Tom Hood, the AICPA & CIMA’s executive vice president of business engagement and growth, in a statement. “CPAs need a fast, modern way to find answers to their most pressing accounting and auditing questions, and Josi is tailormade to fill that need.”
The AICPA designed Josi to be especially accessible to small and medium firms, and priced the solution to provide an entry point for accounting professionals looking to leverage modern technology and reliable information. The free trial allows for 30 prompts. After that, subscriptions generally range from $465 to $550 for 12 months, along with an option for enterprise licenses. Such licenses come with the ability to ask unlimited questions, manage multiple firm users and preview advanced features, with the price determined on application.
