prior probability

GenAI in tax law and accounting

August 3, 2026 08:03

Is it possible to use ChatGPT and other large language models to promote critical thinking in higher education? As it happens, I am a member of a five-person team of college professors who have experimented with new ways of using GenAI in the fields of tax law and tax accounting. (Two special shout outs go to our department chair, Jay Thibodeau, who motivated our team to study this question, and to our lead authors, Keri White and Rachel Detert, both of whom will be presenting our findings this afternoon (Monday, August 3) at the annual meeting of the American Accounting Association (AAA) in Las Vegas, Nevada.) In the meantime, here is a direct link to our paper, “Depreciating rollercoasters and rhinoceroses: capital asset classification, client tax advice, and the use of GenAI to develop critical thinking“, which will be published in the prestigious Journal of Accounting Education this fall.