The Accounting Podcast

Blake Oliver & David Leary

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

#5 in the Top 100 accounting All time chart

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Top 10 The Accounting Podcast Episodes

Goodpods has curated a list of the 10 best The Accounting Podcast episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Accounting Podcast for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Accounting Podcast episode by adding your comments to the episode page.

BOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot

The Accounting Podcast

12/06/24 • 67 min

Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list! Today, Blake and David dig into several significant developments in accounting, including a federal court's decision to block BOI reporting nationwide. They also examine which of the 57% of accounting firms plan to raise fees in 2025 and take a look at the AICPA's Experience Learn and Earn (ELE) program. There's also talk about new PCAOB reporting requirements for audit firms and the recent acquisition of Dext by Iris Software Group.

Sponsors
OnPay - http://accountingpodcast.promo/onpayZoho - http://accountingpodcast.promo/zohoSmartVault - http://accountingpodcast.promo/smartvault

Chapters

(00:31) - Celebrating Achievements and Social Media Impact
(03:16) - Key News Stories: Price Increases and Regulatory Changes
(04:17) - BOI Reporting Requirement Blocked
(14:21) - Raising Prices in Accounting Firms
(17:39) - Experience, Learn, and Earn Program
(22:26) - AICPA and Overtime Pay Ruling
(30:12) - PCAOB's New Reporting Requirements
(34:48) - Debating the Future of Auditing
(35:50) - Impact of AI on Auditing
(37:21) - Evaluating PCAOB's Effectiveness
(38:32) - PCAOB Sanctions and Penalties
(45:00) - Macy's Financial Controversy
(48:31) - EY's AI Interview Bot
(53:29) - AI's Impact on Productivity
(58:14) - Dext Acquisition by Iris
(01:01:58) - Closing Remarks and Future Topics

Show Notes

Accounting Today - The 2024 Top 100 Most Influential People https://arizent.brightspotcdn.com/c3/0f/2649ee17493eab95634bbc91f5f7/top-100-most-influential-people-updated.pdf

Federal Court Enjoins Enforcement of the CTA Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadline

https://natlawreview.com/article/texas-federal-court-blocks-corporate-transparency-act-halts-nationwide-enforcement

Survey Says 57% of Firms Are Raising Prices Next Year

https://cpatrendlines.com/2024/11/14/survey-says-57-of-firms-are-raising-prices-next-year/

Experience, Learn, and Earn
https://experiencelearnearn.org/

Expanded Access Now Available for AICPA-NASBA ELE Program

https://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/

Texas Judge Tosses Biden Overtime Expansion for Millions

https://news.bloomberglaw.com/daily-labor-report/overtime-expansion-for-4-million-workers-tossed-by-texas-judge

Follow up to the "AICPA is illegally hiding salary info on job postings". After several emails, I convinced them to comply with the law

https://www.reddit.com/r/Accounting/comments/1g0ib4z/follow_up_to_the_aicpa_is_illegally_hiding_salary/

PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules https://tax.thomsonreuters.com/news/pcaob-adopts-auditor-performance-metrics-increased-firm-reporting-rules

Critics see chance to close down US audit regulator under Trump

https://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9

Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings

https://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9

KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectations

https://kpmg.com/us/en/media/news/ai-adoption-across-us-finance-functions-reaches-highest-levels.html

IRIS Software Group Announces Intent to Acquire Dext Softwa...

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NATP Breaks Up with Intuit & Fat Joe vs. BDO

The Accounting Podcast

10/17/24 • 77 min

Blake and David touch on several hot topics in the accounting world, including the fallout from Intuit's controversial TurboTax ad, and the National Association of Tax Preparers cutting ties with the company. They also examine Trump Jr.'s threats against Deloitte, KPMG's support for alternative pathways to CPA licensure, and rapper Fat Joe's recent experiences with BDO.

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflowIgnition - http://accountingpodcast.promo/ignition
Mercury - http://accountingpodcast.promo/mercury

Chapters

(01:16) - Controversial Intuit Ad Campaign
(03:29) - Blake's Grand Canyon Adventure
(04:49) - Intuit's Industry Fallout
(09:58) - Tax Preparation Fee Calculator
(14:34) - NATP's AI Transition
(22:01) - Trump Jr. vs. Deloitte
(24:17) - Trump's Tax Policy for Expats
(28:08) - Popular Tax Proposals
(34:42) - App News: Numeric's Big Funding Round
(35:46) - Understanding Flux Analysis
(37:11) - AI in Accounting: Real-World Applications
(40:38) - Tax Season Tips and Client Management
(43:27) - CPA Licensure and Industry Challenges
(53:33) - Auditor Misconduct and SEC Rulings
(57:54) - Celebrity Financial Scandals: Fat Joe's Case
(01:13:59) - Closing Remarks and Upcoming Adventures

Show Notes

TurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Org

https://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/

Deloitte takes fire from Trump-Vance allies over leaked employee messages

https://thehill.com/business/4919910-deloitte-employee-trump-criticism/

Trump supports ending double taxation on Americans living abroad: ‘Let’s put America First’

https://nypost.com/2024/10/14/business/former-president-donald-trump-supports-ending-double-taxation-on-americans-living-abroad/

KPMG Supports Alternative CPA Paths to Address Accountant Shortage

https://tax.thomsonreuters.com/news/kpmg-supports-alternative-cpa-paths-to-address-accountant-shortage

SEC Drops Auditor Misconduct Cases After In-House Judges Ruling

https://news.bloombergtax.com/financial-accounting/sec-drops-auditor-misconduct-cases-after-in-house-judges-ruling

Fat Joe Suing Accountants Over Fraud Activity

https://www.bet.com/article/dh3bcc/fat-joe-suing-accountants-over-fraud-activity

Numeric grabs $28M Series A to automate accounting using AI

https://techcrunch.com/2024/10/10/numeric-grabs-28m-series-a-for-automating-accounting-with-ai/

Ex-Tingo Auditor Aided, Concealed ‘Massive Fraud,’ SEC Claims

https://news.bloombergtax.com/financial-accounting/ex-tingo-auditor-aided-concealed-massive-fraud-sec-claims

Fat Joe On Getting Robbed By Accountants, Using The N-Word, BET Hip Hop Awards + More
https://www.youtube.com/watch?v=xL3RV6SHY4E

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Get in Touch

Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or P...

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Why Trump Will Win & AICPA Has a New President

The Accounting Podcast

10/25/24 • 92 min

Blake and David examine why Trump may win in 2024, discussing immigration's economic impact on working-class wages and how this could affect voting patterns, particularly in border states like Arizona. They also look at the AICPA's selection of Mark Koziel as its new president, questioning whether the organization truly advocates for average CPAs. Moving on, they discuss Intuit's controversial TurboTax marketing campaign and consider why Berkshire Hathaway is reducing its BOA stake due to concerns about unrealized losses in the bank's bond portfolio.

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zoho
Practice Protect - http://accountingpodcast.promo/protect

Chapters

(00:33) - Introduction and Grand Canyon Adventure
(02:29) - Padgett Business Model and Amanda's Role
(04:19) - Sponsors and Election Involvement
(06:00) - Why Trump Will Win: Analyzing the Numbers
(06:29) - AICPA Leadership and Industry News
(10:29) - Earmark's Growth and Future Plans
(24:11) - Immigration Debate and Economic Impact
(43:30) - Economic Factors in Trump's Election Loss
(44:21) - Ad Break: Zoho Practice Management
(46:07) - Impact of Abortion and Immigration on Elections
(47:42) - Offshoring and Wage Suppression in Accounting
(49:49) - AICPA's Role in Offshoring and Technology
(54:05) - Introducing Mark Koziel: New AICPA President
(57:48) - Ad Break: Practice Protect Cybersecurity
(01:00:04) - Debate on Abortion and Political Affiliations
(01:04:50) - Banking Crisis and Economic Policies
(01:07:02) - Intuit's Controversial Ad Campaign
(01:15:19) - Warren Buffett's Stance on Bank of America
(01:25:00) - Conclusion and Upcoming Events

Show Notes

Do immigrants really take jobs and lower wages?

https://www.npr.org/2024/06/28/1197959366/immigration-economics-mariel-boatlift

Escalating Cyber Threats Demand Stronger Global Defense and Cooperation

https://blogs.microsoft.com/on-the-issues/2024/10/15/escalating-cyber-threats-demand-stronger-global-defense-and-cooperation/

American productivity still leads the world

https://www.economist.com/special-report/2024/10/14/american-productivity-still-leads-the-world

Public sector talent shortage: Unique challenges require unique solutions

https://www.journalofaccountancy.com/news/2024/oct/public-sector-accounting-challenges.html

Intuit asked us to delete part of this Decoder episode

https://www.theverge.com/2024/10/21/24273820/intuit-ceo-sasan-goodarzi-turbotax-irs-quickbooks-ai-software-decoder-interview

Buffett's Berkshire Trims BofA Stake Closer to 10%

https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-08-2024/card/buffett-s-berkshire-trims-bofa-stake-closer-to-10--EQHbm5iLN4LTvbgNW29W

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Get in Touch

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How H1-B Visas Suppress Accounting Salaries

The Accounting Podcast

01/11/25 • 83 min

Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10% less than U.S. workers and the potential implications for audit quality. They also examine Bench's sudden shutdown and subsequent acquisition and then discuss Barry Melancon's farewell interview with the Financial Times as he steps down as AICPA CEO, where he defended the 150-hour rule, his legacy, and his impact on the profession.

Sponsors
OnPay - http://accountingpodcast.promo/onpayBoomTax - http://accountingpodcast.promo/boomtaxTaxBandits - http://accountingpodcast.promo/taxbandits
Basil - http://accountingpodcast.promo/basil

Chapters

(05:01) - Sponsors and H1B Visa Discussion
(11:14) - H1B Visa Impact on Accounting
(26:53) - Bench Accounting Shutdown
(45:17) - VCs and the Tough Decisions
(47:42) - Challenges in Automating Bank Transactions
(48:58) - H1B Visa Workers and Financial Misconduct
(52:19) - Predictions for 2025 and Beyond
(58:12) - Private Equity's Impact on Accounting Firms
(01:08:15) - Barry Melanson's Legacy and the Future of CPA
(01:15:23) - Conclusion and CPE Credits
(01:16:45) - Bitcoin and Quantum Computing

Show Notes

Robert Sterling – Twitter - H-1B DATA MEGA-THREAD

https://x.com/RobertMSterling/status/1873174358535110953

Deloitte employees with H-1B visas were paid 10% less than US workers, report finds

https://www.hrdive.com/news/deloitte-employees-with-h-1b-visas-were-paid-10-less-than-us-workers/735162/

Bench to be acquired after abruptly shutting down

https://techcrunch.com/2024/12/30/bench-to-be-acquired-after-abruptly-shutting-down/

‘Most important man in accounting’ warns against lowering standards

https://www.ft.com/content/033792af-18e4-4d69-92f9-5b78b01f2012

Meet Willow, our state-of-the-art quantum chip

https://blog.google/technology/research/google-willow-quantum-chip/

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Get in Touch

Sponsorships

Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

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Remote Work Accountants Are More Billable

The Accounting Podcast

02/03/23 • 66 min

Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting tech

Sponsors
Keeper - https://cloudaccountingpodcast.promo/keeper
LiveFlow - https://cloudaccountingpodcast.promo/liveflow
Anchor - https://cloudaccountingpodcast.promo/anchor
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(00:00) - Thank you to our sponsor, Keeper
(00:20) - Preview : Accountants are prestressed for busy season
(00:56) - Blake is in Tucson; Welcome Amber to the show
(04:29) - Who is your ideal customer for coaching?
(06:42) - Remote workers save an average of 72 minutes per day
(14:49) - Thank you to our sponsor, Keeper
(16:22) - YouTube Live comment from Sam on working from home
(18:07) - WSJ says the job market for remote workers is shrinking — but the demand is still high
(19:37) - Will tech layoffs lead college students to accounting?
(22:17) - Is it realistic for someone in tech to transition into accounting?
(25:43) - Thank you to our sponsor, LiveFlow
(27:03) - George Santos was involved in an alleged $17 million Ponzi scheme in Florida
(29:46) - Moody's is working on a scoring system for stable coins
(31:09) - Wash sales represent up to 77% of trades on unregulated crypto exchanges
(32:56) - The IRS released guidance on crypto check mark on 1040s
(33:56) - Are accountants more optimistic for the 2023 tax season
(37:53) - Thank you to our sponsor, Anchor
(39:42) - The IRS has opened an online portal where businesses can file 1099s
(42:08) - A few QuickBooks updates
(43:45) - AccountingWED article summarizing all the accounting tech layoffs
(46:42) - ChatGPT updates
(48:41) - Rocket Lawyer has launched Rocket Tax
(53:15) - Listener mail from Greg on his firm actually looking for more clients
(58:39) - Message from Jared about Right Tool
(01:01:33) - Wrap up, where to reach Amber, and one new review
(01:04:17) - Client Hub
(01:04:54) - RightTool
(01:05:16) - Federal Tax Updates Podcast
(01:06:30) - How to advertise in these classifieds

Show Notes

New Xero data sees US small business sales slow as consumer spending tightens

https://www.xero.com/us/media-releases/xero-small-business-insights-usa-january-2023/

KPMG Vice Chair Hopes All the Tech Layoffs Will Scare College Kids Into Accounting

https://www.goingconcern.com/kpmg-vice-chair-hopes-all-the-tech-layoffs-will-scare-college-kids-into-accounting/

TurboTax Tax Trends Report

https://blog.turbotax.intuit.com/life/turbotax-tax-trends-report-tax-year-2021-53767/

The Argument for Accounting

https://merrimacknewspaper.com/the-argument-for-accounting/

Accounting Software Maker IRIS Sees 30% Growth

https://www.cpapracticeadvisor.com/2023/01/24/accounting-software-maker-iris-sees-30-growth/76127/

IRS clarifies crypto question on tax form

https://www.accountingtoday.com/news/irs-clarifies-crypto-question-on-tax-form

This forensic accounting startup in Seattle is helping lawyers solve ...

https://www.geekwire.com/2023/this-forensic-accounting-startup-in-seattle-is-helping-lawyers-solve-fraud-investigations/

Bookkeeper Job Description

https://www.executivepastoronline.com/bookkeeper-job-description/

The Largest Accounting Firm in Kentucky Thinks a Tower Will Win the Talent War

David Got Fired By His Tax Preparer

The Accounting Podcast

01/20/23 • 77 min

Sponsors
Zoho - https://cloudaccountingpodcast.promo/zoho
LiveFlow - https://cloudaccountingpodcast.promo/liveflow
Anchor - https://cloudaccountingpodcast.promo/anchor

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(00:00) - Thank you to our sponsor, Zoho
(00:27) - Preview: We need to make accountants aware of accounting career paths with real work life balance
(01:11) - Introduction and quick overview of Blake's week and FAA meltdown
(11:22) - What logic did the firm give David for letting him go?
(21:15) - Thank you to our sponsor, Zoho
(22:40) - Not enough firms are offering remote work
(25:38) - Accountants don't need help getting clients
(27:56) - Blake shares a story about his friend switching firms
(29:44) - Blake shares a chart from CPA Trendlines
(33:35) - What is the starting salary for a CPA at a medium to large firm?
(37:16) - Thank you to our sponsor, LiveFlow
(38:25) - Quick follow up on the story of a recent accounting graduate choosing the military over a Big 4 firm
(40:06) - What is Profit First? And what do you do?
(46:20) - Parkinson's Law
(49:53) - Thank you to our sponsor, Anchor
(52:39) - Jennifer's voicemail about her networking event for students
(56:19) - Going over some comments in our live chat
(01:02:47) - Linda's message about Illinois lowering the CPA hours requirement from 150 to 120 hours to sit for the exam
(01:06:26) - Bernard's feedback on the Ron Baker episode
(01:10:25) - David makes a new 2023 prediciton
(01:11:08) - Rusty's message about North Carolina's CPA license requirements
(01:13:54) - Wrap up and where to reach Blake and David
(01:15:14) - Classifieds
(01:15:16) - Client Hub
(01:15:53) - RightTool
(01:16:15) - Federal Tax Updates Podcast
(01:17:27) - How to advertise in these classifieds

Links
More remote workers than work

https://www.linkedin.com/news/story/more-remote-workers-than-work-5073937/

http://btaxgo.com/ufadlli

SEC Charges Genesis and Gemini Following Crypto Collapse Contagion

https://www.pymnts.com/cryptocurrency/2023/sec-charges-genesis-and-gemini-following-crypto-collapse-contagion/

IRS Provides Tax Relief for California Storm Victims
https://blog.turbotax.intuit.com/tax-news/irs-provides-tax-relief-for-california-storm-victims-53808/

AICPA Unveils Plans for Redesigned CPA Exam in 2024 ...

https://insidepublicaccounting.com/2023/01/aicpa-unveils-plans-for-redesigned-cpa-exam-in-2024/

2023: The Year of Crypto Compliance

https://www.corporatecomplianceinsights.com/2023-crypto-predictions/

Quickbooks missed a golden opportunity to market itself with the FTX saga

https://medium.com/coinmonks/quickbooks-missed-a-golden-opportunity-to-market-itself-with-the-ftx-saga-d381c373af05?source=rss----721b17443fd5---4

The Financial Future: The Impact of AI on Finance and Accounting

https://medium.com/@businessbreakthrough/the-financial-future-the-impact-of-ai-on-finance-and-accounting-d8d350edcb1d

Most companies pay $11 or more per expense report

https://www.accountingtoday.com/news/most-companies-pay-11-or-more-per-processed-expense-report

Terry Smith fires darts at Meta, Apple, Unilever and accounting ...

The Future of UX Is... Spreadsheets! & QuickBooks Leader Is New CEO of PayPal

The Accounting Podcast

08/24/23 • 53 min

In this episode, Blake and David talk app integration frustrations, Gusto's new payroll feature, increased fees for tax professionals, a tragic accident involving an IRS agent, low job fulfillment among accountants, and an employee stock ownership plan at BDO. They also dive into Amazon's new product review feature and the appointment of a former Intuit executive as the new CEO of PayPal. Rounding things out, they speculate on Alex Chriss' move to PayPal and the potential benefits for accountants and bookkeepers.

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Aero Workflow - http://accountingpodcast.promo/aero
Keeper - https://cloudaccountingpodcast.promo/keeper

Chapters

(00:04) - Preview: BDO's new equity model
(00:55) - Welcome to The Accounting Podcast
(02:35) - Every app for accountants should have a spreadsheet view
(05:59) - We have reached peak user interface: How AI will simplify app design
(07:22) - Why Bob from accounting could soon be a bot
(12:30) - NATP study shows tax pros raised prices by over 20% in 2023
(20:57) - IRS agent accidentally killed by fellow agent at gun range
(24:12) - Sam Bankman Fried sent to jail
(25:19) - 60% of accountants rate their job fulfillment at C or lower
(27:20) - BDO USA borrows $1.3 billion to create an employee stock ownership plan
(32:05) - How to solve the accounting talent crisis
(35:50) - Amazon using AI to summarize customer reviews
(37:25) - PayPal's names new CEO: How Intuit, PayPal, and X are all connected
(47:24) - Wrap up, where to reach us, and checking in on the live chat

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Show Notes

PayPal Names Alex Chriss as Next President and CEO

https://newsroom.paypal-corp.com/2023-08-14-PayPal-Names-Alex-Chriss-as-Next-President-and-CEO

Alex Chriss Succeeds Dan Schulman as the new CEO of PayPal

https://ceoworld.biz/2023/08/17/alex-chriss-succeeds-dan-schulman-as-the-new-ceo-of-paypal/

IRS agent accidentally shot, killed by fellow agent during training at Phoenix gun range

https://www.azfamily.com/2023/08/17/irs-agent-accidentally-shot-killed-by-fellow-agent-during-training-phoenix-gun-range/

AICPA, NASBA Team to Help Ease Path to CPA Licensure

https://www.intuitiveaccountant.com/in-the-news/people-and-business/aicpa-nasba-team-to-help-ease-path-to-cpa-licensure/

Withum and Seton Hall launch CPA apprenticeship

https://www.accountingtoday.com/news/withum-and-seton-hall-launch-cpa-apprenticeship

Large firm shakes up business model with employee stock ownership plan

https://www.journalofaccountancy.com/news/2023/aug/large-firm-shakes-up-business-model-employee-stock-ownership-plan.html

Intuit Names Marianna Tessel General Manager of Small Business and Self-Employed Group

https://www.businesswire.com/news/home/20230814601878/en/Intuit-Names-Marianna-Tessel-General-Manager-of-Small-Business-and-Self-Employed-Group/

Can PayPal’s incoming CEO jump-start profitable growth?

https://www.paymentsdive.com/news/paypal-ceo-checkout-venmo-smb-payments/690928/

BDO to create ESOP with $1.3B credit deal

https://www.accountingtoday.com/news/bdo-to-create-esop-with-1-3b-credit-deal

Former eBay CEO Still Wields Influence over PayPal as It Names New...

Broken CPA Supply Chain

The Accounting Podcast

08/11/22 • 80 min

Sponsors

Canopy: https://www.cloudaccountingpodcast.promo/canopyLiscio: https://www.cloudaccountingpodcast.promo/liscioLiveFlow: https://cloudaccountingpodcast.promo/liveflow

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Show Notes

03:41 – Firms big and small are facing a crisis. There's not enough accountants (CPAs) : The Indicator from Planet Money : NPR

https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants

The Indicator from Planet Money : NPR

https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants

The Indicator from Planet Money

https://pca.st/tLRP

06:03 – How to fix the leaky CPA pipeline

https://www.mncpa.org/resources/publications/footnote/august-september-2022/how-to-fix-the-leaky-cpa-pipeline/

17:04 – U.S. job growth seen slowing in July; but far from recession levels | Reuters

https://www.reuters.com/markets/us/us-job-growth-seen-slowing-july-far-recession-levels-2022-08-05/

Despite a drop in June, job openings remain well above the number of people unemployed but looking for work

https://www.wsj.com/articles/job-openings-hiring-economy-june-2022-11659388973

22:05 – DealBook: A tax loophole’s powerful defender

https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220805&instance_id=68516&nl=dealbook&productCode=DK&regi_id=103928575&segment_id=100533&te=1&uri=nyt%3A%2F%2Fnewsletter%2Fc8714674-e316-52c1-bf11-83af763fd4a7&user_id=238a5e61c9e3ba1f8e99bcc06b505749

DealBook: The new power brokers on taxes

https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220804&instance_id=68424&nl=dealbook&productCode=DK&regi_id=103928575&segment_id=100423&te=1&uri=nyt%3A%2F%2Fnewsletter%2F01624dbe-566d-5ac1-8a90-419f9a88508c&user_id=238a5e61c9e3ba1f8e99bcc06b505749

25:02 – Two SEC Commissioners Frown on Accounting Rules for ESG Issues

https://news.bloombergtax.com/financial-accounting/two-sec-commissioners-frown-on-accounting-rules-for-esg-issues

Comment on the Financial Accounting Foundation Draft Strategic Plan

https://www.sec.gov/news/statement/peirce-uyeda-statement-draft-financial-accounting-foundation-strategic-plan-072222

30:05 – Founder of My Big Coin Convicted of Fraud

https://www.pymnts.com/cryptocurrency/2022/founder-of-my-big-coin-convicted-of-fraud/

Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Case

https://www.pymnts.com/legal/2022/titanium-blockchain-ceo-pleads-guilty-in-21m-crypto-fraud-case/

SEC insider trading case against Coinbase holds larger implications

AICPA Engage Recap | Intuit launches GenOS | PwC scandal in Australia

The Accounting Podcast

06/14/23 • 67 min

We're back from the AICPA Engage conference sharing takeaways. Also, we're talking about all the latest generative AI developments in accounting, plus the recent PwC scandal in Australia.

Sponsors
LiveFlow - https://cloudaccountingpodcast.promo/liveflow
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Chapters

(00:00) - PREVIEW: The PwC scandal
(00:46) - Blake and David are back from AICPA Engage
(02:08) - Blake shares his mom's tax return horror story
(10:13) - Thoughts on the AICPA's 100th Town Hall podcast episode
(16:10) - How can AICPA grow Engage to be an even bigger event
(21:03) - It was great to see everyone at AICPA Engage
(27:11) - Advanced Auto Parts misses 10-Q deadline because they couldn't staff position
(30:37) - Accounting firms are getting sued for improper ERC returns
(35:31) - Checking in on the live chat
(37:31) - Intuit's AI announcement
(43:33) - CPA.com announces their own generative AI initiative
(44:50) - Spreadsheet company Equals launches AI Assist
(45:29) - ChatGPT makes up court cases in federal briefing
(47:59) - Ikea buys warehouse management SaaS company
(48:58) - Google DeepMind can create its own algorithms
(51:23) - Crypto scams are 5x more costly than other cyber crimes
(52:09) - Let's talk about PwC Australia
(01:01:25) - Wrap up and where to reach Blake and David