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“Tools maketh man. With tools he is everything, without tools he is nothing.” Thomas Carlyle, in Sartor Resartus, circa 1834
INTRODUCTION
In recent years, tools equipped with generative and assistive AI technologies have moved from the fringes into mainstream professional services. Chartered Accountants (CAs) are increasingly leveraging AI to transform how they draft, review, and finalise critical documents—from audit reports to tax opinions. This shift is not merely technological; it represents a fundamental change in workflows, skill sets, and value propositions for CA firms. This article explores that paradigm shift, drawing on industry surveys, flagship initiatives by major firms, and practical implementation guidance. Most importantly, it also identifies the AI edge and shortcomings when such AI technologies are used as tools in drafting, reinventing the drafting process flow.
CONVENTIONAL APPROACH TO DOCUMENT DRAFTING
Traditionally, drafting financial statements, audit opinions, limited review reports, tax submissions, board minutes, etc. has been mostly manual; a mix of labour and skill intensive process. CAs and their teams spend countless hours researching regulations, formatting disclosures, ensuring consistency, and tailori
