AI in Tax and Accounting Quiz

Answers and explanations appear as you take the quiz.

1. How does AI typically speed up bookkeeping data entry from receipts and invoices?
   • By using OCR to read documents and ML to extract and categorize fields
   • By emailing receipts to an accountant
   • By requiring users to retype every line manually
   • By blocking all paper documents
2. What does the IRS advise taxpayers to do before signing a return prepared by someone else?
   • Sign a blank return so the preparer can finish it later
   • Review the completed return and ask questions about anything unclear or inaccurate
   • Skip checking the return if software generated it
   • Assume the preparer’s signature transfers all taxpayer responsibility
3. Why do tax-research AI tools pair an LLM with retrieval over the tax code?
   • To make the answers longer
   • To avoid using any tax law at all
   • To ground answers in real statutes and reduce hallucinated citations
   • To translate the code into images
4. Which technique is commonly used to detect unusual or fraudulent transactions?
   • A spreadsheet pivot table
   • A tax bracket lookup
   • A translation dictionary
   • Isolation Forest
5. What must a paid federal tax return preparer do on a return they prepare?
   • Sign it and include their PTIN
   • File it without identifying themselves
   • Guarantee the taxpayer owes no penalties
   • Replace the taxpayer’s signature in every filing method
6. In a continuous-auditing study, what kind of data did the anomaly detector learn from over time?
   • Only annual tax forms
   • A stream of recorded journal entries
   • Static vendor website text
   • Images of receipts only
7. How does Amazon Textract AnalyzeExpense group extracted invoice or receipt data?
   • Only into one unlabelled text string
   • Into tax returns and audit opinions
   • Into SummaryFields and LineItemGroups
   • Into model weights and image pixels
8. For a U.S. return prepared by a paid preparer, who remains ultimately accountable for information reported?
   • Only the software vendor
   • Only the IRS data-entry system
   • No one once AI was used
   • The taxpayer, while the paid preparer also has signing and accuracy responsibilities