Related papers: Large Language Models Acing Chartered Accountancy

Large language models (LLMs) are increasingly reshaping learning paradigms, cognitive processes, and research methodologies across diverse domains. As their adoption expands, effectively integrating LLMs into professional fields and…

The auditing of financial documents, historically a labor-intensive process, stands on the precipice of transformation. AI-driven solutions have made inroads into streamlining this process by recommending pertinent text passages from…

Large language models are transforming learning, cognition, and research across many fields. Effectively integrating them into professional domains, such as accounting, is a key challenge for enterprise digital transformation. To address…

In recent years, Large Language Models (LLMs) have demonstrated remarkable versatility across various applications, including natural language understanding, domain-specific knowledge tasks, etc. However, applying LLMs to complex,…

Large language models (LLMs) have demonstrated their remarkable performance across various language understanding tasks. While emerging benchmarks have been proposed to evaluate LLMs in various domains such as mathematics and computer…

Better understanding of Large Language Models' (LLMs) legal analysis abilities can contribute to improving the efficiency of legal services, governing artificial intelligence, and leveraging LLMs to identify inconsistencies in law. This…

This study explores the innovative use of Large Language Models (LLMs) as analytical tools for interpreting complex financial regulations. The primary objective is to design effective prompts that guide LLMs in distilling verbose and…

In the fast-evolving domain of artificial intelligence, large language models (LLMs) such as GPT-3 and GPT-4 are revolutionizing the landscapes of finance, healthcare, and law: domains characterized by their reliance on professional…

The inception of Large Language Models (LLMs) has catalyzed AI adoption in the finance sector, yet their reliability in complex, jurisdiction-specific tasks like Indian Chartered Accountancy (CA) remains limited. The models display…

Financial statement auditing is essential for stakeholders to understand a company's financial health, yet current manual processes are inefficient and error-prone. Even with extensive verification procedures, auditors frequently miss…

As financial institutions increasingly adopt Large Language Models (LLMs), rigorous domain-specific evaluation becomes critical for responsible deployment. This paper presents a comprehensive benchmark evaluating 23 state-of-the-art LLMs on…

In this paper, we explore the capabilities of state-of-the-art large language models (LLMs) such as GPT-4, GPT-4o, Claude 3.5 Sonnet, Claude 3 Opus, Gemini 1.5 Pro, Llama 3, and Llama 3.1 in solving some selected undergraduate-level…

Artificial intelligence (AI) is widely deployed to solve problems related to marketing attribution and budget optimization. However, AI models can be quite complex, and it can be difficult to understand model workings and insights without…

The integration of Artificial Intelligence(AI) into the legal profession raises significant questions about the capacity of Large Language Models(LLM) to perform key legal tasks. In this paper, I empirically evaluate how well LLMs, such as…

Large Language Models (LLMs) have demonstrated remarkable performance on a wide range of Natural Language Processing (NLP) tasks, often matching or even beating state-of-the-art task-specific models. This study aims at assessing the…

Compliance checking is an essential part of a construction project. The recent rapid uptake of building information models (BIM) in the construction industry has created more opportunities for automated compliance checking (ACC). BIM…

With the advancements in Large Language Models (LLMs), Vision-Language Models (VLMs) have reached a new level of sophistication, showing notable competence in executing intricate cognition and reasoning tasks. However, existing evaluation…

In recent years, Large Language Models (LLMs) like ChatGPT have seen considerable advancements and have been applied in diverse fields. Built on the Transformer architecture, these models are trained on extensive datasets, enabling them to…

Language is essentially a complex, intricate system of human expressions governed by grammatical rules. It poses a significant challenge to develop capable AI algorithms for comprehending and grasping a language. As a major approach,…

We investigate whether large language models (LLMs) can successfully perform financial statement analysis in a way similar to a professional human analyst. We provide standardized and anonymous financial statements to GPT4 and instruct the…