Episodes

  • How Private Equity Could Hurt the Accounting Profession

    How Private Equity Could Hurt the Accounting Profession
    Dec 21 2024
    Blake, David, and special guest ChatGPT examine the impact of private equity on accounting firms, looking at how PE ownership affects compensation and firm structures. They dig into recent data showing record numbers of accounting errors in public companies, linking these issues to the broader talent shortage crisis. They explore CalCPA's pushback against proposed licensing changes, the surprising economic costs of Daylight Savings Time, and more. SponsorsLiveFlow - http://accountingpodcast.promo/liveflowSuralink - http://accountingpodcast.promo/suralinkSmartVault - http://accountingpodcast.promo/smartvaultTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(00:59) - Introducing ChatGPT as Co-Host (01:58) - Hot Topics in Accounting News (04:05) - Private Equity in Accounting Firms (07:35) - Debating the Impact of Private Equity (22:40) - DirectFile Controversy (28:02) - App News and Updates (34:23) - Enron's Return? (38:28) - Fraudsters and Presidential Pardons (42:00) - Accounting Errors on the Rise (44:52) - The Daylight Savings Debate (50:04) - AI Tools: The Good, The Bad, and The Ugly (58:26) - Final Thoughts and Announcements Show NotesAccounting errors force US companies to pull statements in record numbershttps://www.ft.com/content/716c4ad5-e8fa-4a34-afba-9fb2d1db019d Republican lawmakers ask Trump to kill IRS Direct Filehttps://www.nextgov.com/digital-government/2024/12/republican-lawmakers-ask-trump-kill-irs-direct-file/401595/ IRIS to buy Dext in £500m dealhttps://www.accountingweb.co.uk/tech/accounting-software/iris-to-buy-dext-in-ps500m-deal How Private Funds Could Hurt Americans Under Trumphttps://www.nytimes.com/2024/12/03/opinion/trump-presidency-billionaires.html LegalZoom and 1-800Accountant Join Forces to Deliver Full-Service Tax and Bookkeeping Solutions for Small Business Ownershttps://investors.legalzoom.com/news-releases/news-release-details/legalzoom-and-1-800accountant-join-forces-deliver-full-service Zoho Releases New Payroll Solution in the U.S.https://www.cpapracticeadvisor.com/2024/12/13/zoho-releases-new-payroll-solution-in-the-u-s/152935/ BILL Unveils 1099 Form Filing Solution for SMBshttps://investor.bill.com/news/news-details/2024/BILL-Unveils-1099-Form-Filing-Solution-for-SMBs/default.aspx Is Enron back? Here’s what we know … https://www.houstonchronicle.com/news/houston-texas/trending/article/is-enron-back-houston-19953844.php CalCPA Submits Comments on Exposure Draft on CPA Licensurehttps://www.calcpa.org/whats-happening/articles/calcpa-submits-comments-on-exposure-draft-on-cpa CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging.https://www.wsj.com/economy/trade/trump-tariff-plan-business-lobbying-8f02ccea Donald Trump vows to end daylight saving timehttps://www.youtube.com/watch?v=EDR1IURzO1QMore Than a Lost Hour of Sleep: The True Cost of Daylight Saving Timehttps://www.chmura.com/blog/dst#:~:text=our%20methodology%20below.-,Results,was%20approximately%20%24672.02%20million%20annuallyNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fanc...
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    1 hr and 15 mins
  • New IRS Commissioner Was An ERTC Peddler

    New IRS Commissioner Was An ERTC Peddler
    Dec 14 2024
    Blake and David take a look at several significant developments in the accounting world, including Trump's controversial IRS Commissioner nomination of former Congressman Billy Long. They also dig into updates on the Macy's accounting scandal and explore Square's potential move into accounting software with their new head of Product Accounting Solutions hire. They also share insights from the AICPA's 2024 CAS benchmark survey showing significant growth in client accounting services practices and much more!SponsorsRoboDebit - http://accountingpodcast.promo/robodebitRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casTaxBandits - http://accountingpodcast.promo/taxbanditsChapters(00:28) - Welcome to The Accounting Podcast (00:40) - Digital CPA Conference Highlights (01:17) - CAS Practices on the Rise (02:22) - IRS Commissioner Nominee: Billy Long (03:42) - Employee Retention Tax Credit Controversy (14:45) - Macy's Financial Misstatements (28:30) - Intuit Assist: A Closer Look (29:48) - The Evolution of Bill Scanning with AI (31:25) - AI's Impact on Accounting Tools (33:06) - AI and Tax Returns: The Future of Automation (34:54) - Relay: The Ultimate Small Business Bank (36:19) - Supermicro's Accounting Scandal (40:48) - Square's Move into Accounting Solutions (57:21) - The Rise of Client Advisory Services (01:00:55) - Closing Remarks and Future Insights Show NotesHe Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.https://www.nytimes.com/2024/12/06/us/politics/billy-long-trump-irs-tax-credit.html Brainsky Unleashed (Instagram) – Billy Long – December 6, 2024https://www.instagram.com/brainskyunleashed/reel/DDQS_GjRn4P/ Macy’s employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources sayhttps://www.cnbc.com/2024/12/11/macys-m-earnings-q3-2024.html Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandalhttps://www.wsj.com/business/retail/macys-m-q3-earnings-report-2024-c7363662 LinkedIn – Andy Schwartz – Profit Labs Update – December 6, 2024https://www.linkedin.com/posts/andy-schwartz-233b359_profit-labs-update-i-am-excited-to-share-activity-7269157016051298305-rYAW/ Amazon integrates QuickBooks for sellershttps://www.accountingtoday.com/news/amazon-integrates-intuit-quickbooks AICPA and CPA.com Benchmark Survey: CAS Practices Report 17% Growthhttps://insidepublicaccounting.com/2024/12/09/aicpa-and-cpa-com-benchmark-survey-cas-practices-report-17-growth/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 3 mins
  • BOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot

    BOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot
    Dec 6 2024
    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. SponsorsOnPay - http://accountingpodcast.promo/onpayZoho - http://accountingpodcast.promo/zohoSmartVault - http://accountingpodcast.promo/smartvaultChapters(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 NotesAccounting 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 Deadlinehttps://natlawreview.com/article/texas-federal-court-blocks-corporate-transparency-act-halts-nationwide-enforcement Survey Says 57% of Firms Are Raising Prices Next Yearhttps://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 Programhttps://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/ Texas Judge Tosses Biden Overtime Expansion for Millionshttps://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 lawhttps://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 Trumphttps://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9 Macy’s says employee hid up to $154 million in expenses, delaying Q3 earningshttps://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9 KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectationshttps://kpmg.com/us/en/media/news/ai-adoption-across-us-finance-functions-reaches-highest-levels.html IRIS Software Group Announces Intent to Acquire Dext Software Ltd.https://dext.com/us/iris-announces-intent-to-acquire-dextNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Client Hub -
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    1 hr and 8 mins
  • Macy's Thanksgiving Accounting Mystery

    Macy's Thanksgiving Accounting Mystery
    Dec 2 2024
    Blake and David examine the mysteries and motives surrounding the recent Macy's accounting scandal, where a single employee allegedly concealed $132-154 million through improper accrual entries. They also examine Trump's proposed 25% tariff plan on imports from Mexico and Canada (plus an additional 10% on China), discussing its potential impact on American businesses and consumers. SponsorsZoho - http://accountingpodcast.promo/zohoSuralink - http://accountingpodcast.promo/suralinkCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:46) - Macy's Accounting Error: Breaking News (01:40) - Understanding the Impact of Macy's Error (02:46) - The Mystery Behind Macy's Accounting Error (02:53) - Join the Live Discussion (03:42) - Upcoming Topics and Teasers (05:15) - Thanking Our Sponsors (06:42) - Diving Deeper into Macy's Accounting Mystery (19:29) - Exploring the Fraud Triangle (27:54) - Auditors and Materiality Standards (32:04) - Auditors' Role in Detecting Fraud (33:25) - Impact of Fraud on Macy's Stock (33:47) - Challenges in Auditing Practices (34:08) - Internal Controls and Their Limitations (38:53) - Expense Fraud: A Growing Concern (44:01) - AI in Auditing: The Future of Fraud Detection (52:28) - Trump Tariffs and Their Economic Impact (01:03:13) - Thanksgiving Reflections and Closing Remarks Show NotesMacy’s says employee hid up to $154 million in expenses, delaying Q3 earningshttps://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9Macy’s says accountant hid as much as $154M in expenseshttps://www.cfodive.com/news/macys-says-accountant-hid-as-much-as-154m-in-expenses-retail-retailing-consumers/733960/UPS to Pay $45 Million SEC Penalty Over Improper Valuationhttps://finance.yahoo.com/news/ups-hit-45-million-penalty-144424675.htmlStrippers, Christmas gifts and an RV: Workers push it with company cardshttps://abcdpf.livemint.com/industry/strippers-christmas-gifts-and-an-rv-workers-push-it-with-company-cards-11732157906943.htmlEx-Jaguars employee who stole $22 million from team files lawsuit against FanDuelhttps://www.nytimes.com/athletic/5809925/2024/10/01/jaguars-lawsuit-fanduel-amit-patel/Trump's Truth Social tariffs pledge is a teachable moment for Americahttps://www.msnbc.com/opinion/msnbc-opinion/trump-truth-social-tariffs-deportation-thanksgiving-rcna182079What does Trump’s latest tariff plan mean for the U.S.?https://www.pbs.org/newshour/politics/what-does-trumps-latest-tariff-plan-mean-for-the-u-sWalmart CFO Says They Don't Want To Raise Prices, But 'Prices Will Go Up For Consumers' Due To Upcoming Tariffshttps://finance.yahoo.com/news/walmart-cfo-says-dont-want-161640110.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 7 mins
  • DOGE Goes After TurboTax & Remote Work

    DOGE Goes After TurboTax & Remote Work
    Nov 25 2024
    Blake and David discuss Trump's proposed Department of Government Efficiency (DOGE) and its potential impact on tax filing and federal remote work policies. They analyze the Pentagon's seventh consecutive failed audit and examine Intuit's ambitious plans to expand its enterprise offerings. The duo also explores a groundbreaking study showing ChatGPT-4 outperforming human doctors in medical diagnoses, highlighting AI's growing capabilities in professional decision-making.SponsorsRelay - http://accountingpodcast.promo/relaySuralink - http://accountingpodcast.promo/suralinkSmartVault - http://accountingpodcast.promo/smartvaultArtiffex - http://accountingpodcast.promo/artiffexChapters(00:00) - Welcome to the Accounting Podcast (01:52) - DOGE's Impact on H&R Block and TurboTax Stocks (02:57) - IRS Free File Program (04:49) - Intuit's Response to DOGE Initiative (10:43) - Remote Work for Federal Employees (16:25) - Pentagon's Audit Failures (22:36) - AI Outperforms Doctors in Diagnosing Illnesses (32:12) - Boosting Productivity with ChatGPT (36:09) - Salesforce's AI Irony (38:15) - Anthropic's AI in Action (45:34) - Intuit's AI Strategy and TurboTax (48:36) - Intuit Enterprise Suite and Market Expansion (55:27) - Closing Remarks and Future Topics Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 6 mins
  • Trump's Tax Plans, IRS PPS Fraud, & PCAOB Drama

    Trump's Tax Plans, IRS PPS Fraud, & PCAOB Drama
    Nov 16 2024
    Blake and David dive into the economic implications of Trump's election victory, including proposed tariffs that could significantly impact businesses and inflation. They explore potential tax changes under a new Trump administration, from corporate rate reductions to the elimination of the SALT cap. They also examines an alarming $47 million IRS fraud scheme targeting tax practitioners and debate the future of Bitcoin as speculation grows about a potential national Bitcoin reserve.SponsorsOnPay - http://accountingpodcast.promo/onpaySuralink - http://accountingpodcast.promo/suralinkCloud Accountant Staffing - http://accountingpodcast.promo/casArtiffex - http://accountingpodcast.promo/artiffexChapters(00:00) - Welcome to The Accounting Podcast (03:05) - Avalara Crush Conference Insights (07:48) - AI and the Future of Tax Compliance (13:21) - Trump's Economic Impact (17:26) - Tariffs and Global Trade (25:40) - Tax Proposals and Implications (36:53) - Bitcoin's Meteoric Rise and Market Speculations (47:43) - AI Adoption in the Workforce (49:53) - IRS PPS Fraud: A Deep Dive (01:00:49) - PCAOB Drama and Audit Deficiencies (01:06:49) - BOI Reporting and AICPA's Response (01:10:33) - Closing Remarks and CPE Information Show NotesHow Trump Won the Economy-is-Everything Electionhttps://www.livemint.com/politics/news/how-trump-won-the-economy-is-everything-election-11730973573508.htmlHow Will Trump’s Universal and China Tariffs Impact the Economy?https://taxfoundation.org/blog/trump-tariffs-impact-economy/Which Workers Are Embracing AI?https://www.chicagobooth.edu/review/which-workers-are-embracing-aiActions Were Not Taken to Timely Strengthen Practitioner Priority Service Telephone Line Authentication Controlshttps://www.tigta.gov/sites/default/files/reports/2024-10/2025ier001fr.pdfFraudsters get $47 million from practitioner priority service line schemehttps://www.journalofaccountancy.com/news/2024/nov/fraudsters-get-47-million-from-practitioner-priority-service-line-schemeFreddie Freeman on World Series MVP, Ohtani Media Mayhem and His Surprising Backup Career | Ep 109https://www.youtube.com/watch?v=ZimDH_hW7LUPCAOB board member complains of persecution by senatorshttps://www.accountingtoday.com/news/pcaob-board-member-complains-of-persecution-by-senatorsAICPA to Congress: Delay needed in BOI reporting deadlinehttps://www.thetaxadviser.com/news/2024/nov/aicpa-to-congress-delay-needed-in-boi-reporting-deadlineNew Development Re: BOI Reporting – 44 Congressmen Seek to Delay FinCEN Beneficial Ownership Reportinghttps://gpwcpas.com/new-development-re-boi-reporting-44-congressmen-seek-to-delay-fincen-beneficial-ownership-reporting/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - https://www.forwardly.com/Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 14 mins
  • Sasan Apologizes to Accountants at Intuit Connect

    Sasan Apologizes to Accountants at Intuit Connect
    Nov 8 2024
    Blake and David examine Sasan Goodarzi's apology and lukewarm reception regarding the recent controversial TurboTax ad campaign. They also take a look at Intuit's new Enterprise Suite product, which aims to compete with NetSuite and Sage Intacct by offering multi-entity accounting capabilities at a lower price point. Moving on, there's talk of Anthropic's new Claude computing capability, EY's resignation as Super Micro Computer's auditor, and Google's declining search market share in the face of AI competition.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRelay - http://accountingpodcast.promo/relayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:41) - Intuit Connect Recap (01:37) - Intuit CEO's Apology (09:32) - Intuit's Market Strategy (15:45) - Intuit Enterprise Suite Demo (30:00) - QuickBooks New Features (36:32) - Upcoming AI Webinar Announcement (37:06) - Feedback on AI Presentation (37:47) - The Future of Tax Preparation with AI (39:34) - AI in Action: Cloud Computer Use Demo (49:46) - Fraud in Political Campaigns (52:53) - Opportunities in Small Town Tax and Bookkeeping (57:08) - EY Resigns as Super Micro Auditor (01:07:39) - Conclusion and Upcoming Events (01:07:56) - Google's Ad Revenue Threatened by AI Show NotesEY resigns as Super Micro auditor, causes stock to fall 33%https://www.cnbc.com/2024/10/30/super-micro-auditor-resigns-after-raising-concerns-months-earlier.htmlIntuit Connect 2024: Sasan Goodarzi on AI & the Future of Accountinghttps://www.youtube.com/watch?v=1xzKztkuhRYIntroducing computer use, a new Claude 3.5 Sonnet, and Claude 3.5 Haikuhttps://www.anthropic.com/news/3-5-models-and-computer-use'All hell has broken loose': Inside Elon Musk's high-stakes pro-Trump door-knocking efforthttps://www.nbcnews.com/politics/2024-election/elon-musks-high-stakes-trump-door-knocking-effort-america-pac-rcna176255BDO must face AmTrust investors' fraud case after US appeals court backtrackshttps://www.reuters.com/legal/government/column-bdo-must-face-amtrust-investors-fraud-case-after-us-appeals-court-2024-11-04/Google’s Grip on Search Slips as TikTok and AI Startup Mount Challengehttps://www.wsj.com/tech/online-ad-market-google-tiktok-9599d7e8Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpo Client Hub - https://clienthub.app/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 16 mins
  • What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

    What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE
    Oct 30 2024
    In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers. Rounding out the show, they examine a recent story about EY firing employees for attending multiple online CPE courses at once.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoCloud Accountant Staffing - http://accountingpodcast.promo/casTabs - http://accountingpodcast.promo/tabsChapters(02:30) - Blake's Session on Automation Toolkit (05:11) - Sponsor Acknowledgements (05:34) - Discussion on AICPA and NASBA Competency Pathway (06:35) - Amber Setter's Insights on the Proposed Pathway (10:47) - Concerns and Practical Challenges (16:21) - Potential Impact on CPA Candidates (30:29) - Live Stream Viewer Comments and Questions (36:02) - Debating CPA Education Requirements (36:29) - Personal Journey to Becoming a CPA (37:18) - State Differences in CPA Experience Requirements (39:34) - NASBA's Influence on State Boards (41:47) - Challenges in CPA Firm Hiring Practices (42:38) - Value of Prior Work Experience (42:55) - Different CPA Licenses Across States (45:06) - Master's Degree in Accounting: Is It Worth It? (47:41) - Experience vs. Education in CPA Training (52:35) - The Appeal of Starting Your Own Firm (01:00:15) - EY's Controversial CPE Policy (01:03:09) - Innovative CPE Solutions with Earmark (01:03:55) - Future of CPE and Mental Health Initiatives (01:09:42) - Conclusion and Final Thoughts Show NotesExposure draft: Proposed “CPA Competency-Based Experience Pathway”https://www.aicpa-cima.com/certifications/download/exposure-draft-proposed-cpa-competency-based-experience-pathway Educational Requirements for CPA Licensurehttps://www.dca.ca.gov/cba/applicants/ed-requirements.shtml EY Got Rid of Staff Who Took Multiple CPE Courses at the Same Timehttps://www.cpapracticeadvisor.com/2024/10/23/ey-got-rid-of-staff-who-took-multiple-web-training-course-at-once/112128/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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 Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsCoefficient - http://accountingpodcast.promo/coefficientexpoForwardly - https://www.forwardly.com/ Client Hub - https://clienthub.app/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 8 mins