AI adoption linked to 13% decline in jobs for young U.S. workers: study

(www.cnbc.com)

440 points pseudolus | 1 comments | 28 Aug 25 14:13 UTC | HN request time: 0s | source

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fibers ◴[28 Aug 25 14:46 UTC] No.45052852[source]▶

The accounting note is not true in the traditional sense. The field in the US is just getting offshored to India/PH/Eastern Europe for better or for worse. There is even a big push to lower the educational requirements to attain licensure in the US (Big 4 partners want more bodies and are destroying the pipeline for US students). Audit quality will continue to suffer and public filers will issue bunk financials if they aren't properly attested to.

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londons_explore ◴[28 Aug 25 20:44 UTC] No.45056823[source]▶

>>45052852 #

> Audit quality will continue to suffer

I wonder how much this actually matters? I understand that for an auditor, having a quality reputation matters. But if all audits from all firms are bad, how much would the world economy suffer?

Likewise for the legal profession, if all judges made twice the number of mistakes, how much would the world suffer?

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1. fibers ◴[28 Aug 25 20:51 UTC] No.45056900[source]▶

>>45056823 #

Then you would have to think twice about the company you may be giving money to (ie the stock market and private bank loans). That's the whole objective of this. Every company is going to need an accountant in one way or another and you don't really need to follow strict GAAP for management requirements (what else is EBIDTA for if anything?), but it's something completely different than saying: I made x dollars and spent y dollars, here is what I have and what I owe, please give me money.

At the end of the day it is a question of convenience/standards, if GAAP didn't exist maybe firms could use a modified accrual standard that is wholly compliant with tax reporting and that's it.

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