In this episode of the Risk Management Show, we explore AI Risks in Accounting and how to avoid some common pitfalls with Mike Whitmire, CEO of FloQast, the leading accounting transformation platform powered by AI agents. Mike shares his journey from auditor to tech innovator and offers deep insights into the challenges and risks AI introduces in financial reporting, compliance, and accounting operations.
We discussed critical topics, including the dangers of AI hallucinations, the limitations of generic AI tools, and what businesses must consider when deploying AI in accounting. Mike also highlights the evolving role of accountants, the talent gap, and how technology like FloQast empowers accounting professionals to automate workflows without compromising accuracy.
Additionally, he provides actionable advice on adapting to AI-driven changes in the field. If you’re interested in risk management, cyber security, sustainability, or want to hear from industry leaders like Mike, this episode is packed with valuable insights.
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