If you are building AI for finance, get out while you can
4 points by shoman3003 | 2 comments
An HN text post arguing LLMs are poorly suited to accounting because they are probabilistic, miss accuracy targets, and cannot be held legally accountable.
#accounting on Hacker News
6 stories tagged accounting, newest first.
Credit report shows Meta keeping $27B off its books through advanced geometry(stohl.substack.com)
363 points by FreeQueso | 187 comments
A satirical Substack post framed as a credit rating report on how Meta keeps $27 billion in data center debt off its balance sheet.
AccountingBench: Evaluating LLMs on real long-horizon business tasks(accounting.penrose.com)
505 points by rickcarlino | 140 comments
Penrose's AccountingBench page presents a benchmark of LLM agents closing a company's books over months, shown through a simulated accounting reconciliation interface.
Engineering principles for building financial systems(substack.wasteman.codes)
340 points by KothuRoti | 83 comments
A Substack blog post sharing engineering principles and best practices for building accurate and reliable software-based financial systems.
Financial Statement Analysis with Large Language Models(papers.ssrn.com)
521 points by mellosouls | 199 comments
SSRN page for a Chicago Booth working paper examining whether large language models can perform financial statement analysis like professional analysts.
EY gets banned from new audit business in Germany(economist.com)
426 points by mfiguiere | 262 comments
Economist article reporting that German regulators banned EY from taking on new audit clients, adding to the accountancy firm's other problems.