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The Accounting Podcast

Author: Blake Oliver & David Leary

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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.
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Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within. The episode ends with a brainstorm on potential regulation improvements to improve audit quality and usefulness.Meet Our Guest, Ed KetzWebsite: https://directory.smeal.psu.edu/k55LinkedIn: https://www.linkedin.com/in/ed-ketz-7982421a7Need 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/OvercastClassifiedsWant 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
Blake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Rounding out the episode, they answer listener questions and comments on topics including the psychological challenges of CPA firm employment, NASBA's lack of customer service, and the high fees for taking the CPA exam internationally.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowKeeper - http://accountingpodcast.promo/keeperClient Hub - http://accountingpodcast.promo/clienthubChapters(00:28) - Welcome to the show, how much trouble are small banks in? (06:49) - Minnesota CPA Society's Pathways CPA Licensure Bill advances in Senate (10:08) - Our listener plugs a security hole in tax client portal software (14:03) - The cultural issues that plague the accounting profession (20:57) - Fortune magazine article that CPAs need to tell their stories (24:48) - Should we have a federal CPA license? (27:54) - The government doesn't know the costs of student loans (35:03) - Christy shares a positive message (36:21) - Does starting your career at Big 4 lead to better industry jobs? (40:42) - Alex writes in about problems they had scheduling their CPA exam (45:55) - IRS inviting biggest ERC filers to learn the correct way to file them (50:34) - Tax preparer using basic Word doc to collect information (52:04) - Listener replies to Blake's Accounting Today article (54:27) - The international costs to take the CPA exam (57:45) - The firm and work culture issue (58:52) - Why students don't want to major in accounting (59:39) - Thanks for listening! The new Earmark app is coming soon!  Show NotesCould CPAs telling their stories be the key to attracting Gen Zers to accounting? A PwC vice chair thinks so   https://fortune.com/2023/11/15/cpa-attracting-gen-z-accounting-pwc/ Senate File 1660, the MNCPA-backed bill to broaden the pathways to CPA licensure, advanced in the Minnesota Senate on Thursday.     https://www.mncpa.org/about/press/releases/pathways-cpa-senate-bill-hearing/ Powell: ‘There will be bank failures’ caused by commercial real estate losseshttps://thehill.com/business/4516758-powell-there-will-be-bank-failures-caused-by-commercial-real-estate-losses/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/OvercastClassifiedsFutureFirm - https://futurefirmaccelerate.com/capRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant 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
Here's a preview of Blake's recent appearance on Federal Tax Updates, where he joined host Roger Harris to unpack some of the biggest tax stories making headlines, from a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. To hear the complete discussion, visit Federal Tax Updates: https://share.transistor.fm/s/d8c45ed9Need 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/OvercastClassifiedsWant 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/RunClassifiedAd
Blake and David meet up with AJ Yawn, partner at Armanino LLP, about Armanino's new tool, Audit Ally, which streamlines and automates SOC 2 audits. They discuss the growing trend of tech companies entering the audit space and commoditizing services like SOC 2 audits, and explore how Audit Ally aims to help accounting firms compete on price and quality by utilizing AI and machine learning.Meet Our Guest, AJ YawnLinkedIn: https://www.armanino.com/company/people/aj-yawnLearn about about Audit Ally 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/OvercastClassifiedsWant 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
We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury. They also break down the SEC's extensive new climate disclosure rules and the job opportunities this could create for accountants.Sponsors FreshBooks - http://accountingpodcast.promo/freshbooksRelay - http://accountingpodcast.promo/relay Webgility - http://accountingpodcast.promo/webgilityChapters(03:04) - H&R Block is creating a reality TV show (08:51) - WSJ Op-Ed says IRS agents shouldn't work from home (12:21) - The Accountant 2 gets a big tax credit (14:42) - South Carolina finds $2 billion in bank account (20:49) - Bloomberg article on the lack of accountants (23:18) - Regional banks in trouble? (27:00) - Lyft being sued by their shareholders (29:39) - Is bad workflow automation the cause of bad work/life balances? (37:42) - CPA Trendlines: "Which Niche is the Best Niche?" (46:28) - TurboTax and H&R Block are using AI giving awful tax advice (50:12) - Blake shares new SEC rule's GPT he made (53:19) - AI and data privacy concerns (55:48) - Can AI predict when you'll die? (01:01:37) - Former Trump CFO Allen Weisselberg pleads guilty to perjury (01:03:56) - Thanks for listening and remember to subscribe  Show Notes2024 Report: The State of Accounting Workflow Automationhttps://financial-cents.com/resources/articles/2024-report-state-of-accounting-workflow-automation/ Gartner Survey Shows That a Third of Accountants Make Several Financial Errors Per Week due to Capacity Constraints       https://www.gartner.com/en/newsroom/press-releases/2024-02-21-gartner-survey-shows-that-a-third-of-accountants-make-several-error-per-weeo-due-to-capacity-constraints The U.S. is short 340,000 accountants-just look at the wave of earnings report mistakeshttps://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/ Intuit, H&R Block tax AIs critiqued on accuracyhttps://www.accountingtoday.com/news/intuit-h-r-block-tax-ais-critiqued-on-accuracy-of-answers-many-inaccurate SC accounting error gets renewed focus over $1.8B sitting in state bank accounthttps://www.southcarolinapublicradio.org/sc-news/2024-03-05/legis-treasurermoney Ex-Trump Org CFO Pleads Guilty to Perjury in Fraud Casehttps://www.cpapracticeadvisor.com/2024/03/05/ex-trump-org-cfo-pleads-guilty-to-perjury-in-fraud-case/102306/ H&R Block to Release Short Format Comedy Streaming Series, “Responsibility Island”https://www.cpapracticeadvisor.com/2024/02/29/hr-block-to-release-short-format-comedy-streaming-series-responsibility-island/102172/ Federal court holds Corporate Transparency Act unconstitutionalhttps://www.journalofaccountancy.com/news/2024/mar/federal-court-holds-corporate-transparency-act-unconstitutional.html Lyft earnings report error prompts shareholder lawsuit              https://finance.yahoo.com/news/lyft-earnings-report-error-prompts-150849490.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/OvercastClassifiedsFutureFirm - https://futurefirmaccelerate.com/capRoyalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel ma...
Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. They examine Withum's 500% increase in audits with minimal staff growth, leading to overworked teams and partners working 100+ hour weeks. They also debate whether the fines are large enough to change behavior or just a cost of doing business.Meet Our Guest, Chris VanoverLinkedIn: https://www.linkedin.com/in/chrisvcpa/Learn more about CPAClubWebsite: https://cpaclub.cpa/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/OvercastClassifiedsWant 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
Fast food chain Wendy's considers demand pricing – should your firm, too? We discuss the potential for surge pricing tax returns to smooth workload and raise revenue. We also dive into new AI-powered accounting productivity tools from Sage and Xero, Zoho's $5 per user practice management suite, and analyze the results of our listener survey.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthubChapters(06:40) - What can accountants learn and try in pricing? (13:59) - The IRS debuts free file system (26:47) - Xero announces their AI tool JAX (34:12) - QuickBooks new offering, Solopreneur (40:11) - Zoho is getting into practice management (44:52) - FTC goes after H&R Block over free filing claims (47:15) - Can AI teach accounting? (55:41) - TAP Listener Survey results (01:00:40) - Blake asks AI to generate an image of the average listener (01:05:09) - Thanks for listening and remember to subscribe  Show NotesJust Ask Xero | Xero US Introduction to QuickBooks Solopreneur (intuit.com) Practice software features for businesses | Zoho practice FTC alleges H&R Block deleted customer tax data, used deceptive advertising             IRS Direct File free tax system moves into public test phase Intuit introduces QuickBooks Solopreneur for one-person businesses Intuit Introduces QuickBooks Solopreneur, an Easy-to-Use Financial Tool Built for One-Person Businesses    H&R Block’s online tax prep tricked customers into paying more money, FTC claims AI will 'change nature' of accounting, says Sage boss    Sage launches generative AI copilot assistant for SME accounting H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says Expert Examines AI's Role in Accounting Education       Sage Intacct Unveils New Features to Streamline Operations and Boost Productivity Zoho dives into practice management with Zoho Practice Xero's AI Leap: Unveiling 'Just Ask Xero' to Revolutionize Small Business Accounting How GenAI will shape the future for our customers       IRS reopens Direct File testing after pause Study: ChatGPT Won’t Be Replacing Accounting Professors In the Near Future ChatGPT in Education: Study Reveals Utility and Limits in Financial Accounting Learning Xero wants to use AI to help your SMB solve all its accounting woes Wendys surge pricing ai backlash internet        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/pod...
Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essential.Meet Our Guest, Aaron Harris, CTO, SageLinkedIn: https://www.linkedin.com/in/aaron-harris-7407b2/Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2FAaronRHarrisLearn more about Sagehttp://www.sage.comListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsWant 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
Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes. Sponsors OnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casWebgility - http://accountingpodcast.promo/webgilityChapters(00:39) - David asks Blake to guess the profession (07:25) - Lyft's earnings report typo (14:36) - Trump found guilty! (23:08) - The City of Boston could lose over $1 billion from commercial real estate taxes (29:24) - How are some companies using generative AI to improve their businesses? (37:11) - Companies using AI to monitor employee messaging (40:20) - New Jersey CPA Society talks 150-hour rule (52:21) - The IRS is collecting $500 billion more in taxes (54:04) - Thanks for listening, leave us a review and Earn Free CPE  Show NotesHow Walmart, Delta, Chevron and Starbucks are using AI to monitor employee messagesLyft's Extra Zero Puts Focus on Corporate Controls: Explained$1,741 Is the Average Tax Refund So Far, IRS SaysIRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for auditAs A New Tax Filing Season Kicks Off, We Look at the IRS Efforts to Improve Customer Service and the Audits of Two Very Different Kinds of Taxpayers               Trump civil fraud case: Judge fines Trump $354 million, says frauds 'shock the conscience'                How WeWork became the largest tenant in Boston           In biggest office lease of the year, Deloitte plans move to Winthrop Center             Lyft CEO addresses major typo in earnings report Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsThe CAS Cache - https://cas.beehiiv.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ FutureFirm - https://futurefirmaccelerate.com/capClassifiedsWant 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
Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance.Meet Our Guest, Geoffrey BrownLinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/Twitter: https://twitter.com/IllinoisCPAFacebook: https://www.facebook.com/ICPASInstagram: https://www.instagram.com/illinoiscpasociety/Learn more about the Illinois CPA Society (ICPAS)Website: https://www.icpas.org/Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsWant 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
Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthubChapters(00:40) - What's the largest check you can write to the IRS? (05:38) - Jeff Bezos could be saving $600 million from moving to Florida (14:44) - Why movie studios are throwing out projects for tax breaks (21:03) - Keenan Thompson's accountant stole $1.5 million from him (26:27) - How much of relationship problems are finance-related? (31:38) - California plans to use AI to help answer people's tax questions (35:51) - PwC UK boss says AI is why workers should be in the office (40:45) - Silicon Valley Bank collapse follow-up and why it could happen again (51:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast  Show NotesWarner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. GovernmentIRS Seeks More Than $1 Billion From SVB for TaxesIRS sues FDIC to get $1.45B in SVB back taxes       Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight LimitCalifornia plans to use AI to answer your tax questionsJeff Bezos will save over $600 million in taxes by moving to MiamiThe Indicator from Planet Money : NPR  Mayweather’s $18 Million Check To The IRS Packs A Punch,But Is Under The $100 Million Weight Limit Jeff Bezos reaps Florida tax benefit with $4B Amazonshare sale Young staff need to be in the office because of AI, saysPwC's UK boss | Accounting Today Money is the Biggest Relationship Hurdle for 1 in 4Couples, Survey Reveals - CPA Practice Advisor Kenan Thompson Reveals a Crooked Accountant Stole $1.5Million From Him During His Nickelodeon Days | Video When accountants attack: why Netflix is cancelling HalleBerry’s new sci-fi movie Ben Affleck Reportedly Filming The Accountant 2 This Year FASB Won’t Consider Changes in Securities AccountingAfter Bank Failures - WSJNew York Community Bank’s Commercial Real Estate LoanProblem May Be Isolated, Experts Say Banking Crisis Plays Out at America’s Smallest LendersListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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:...
Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly firm.Meet Our Guest, Chayton FarleeLinkedIn: https://www.linkedin.com/in/chaytonfarlee/Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsWant 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
Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million.SponsorsRelay - http://accountingpodcast.promo/relayFreshBooks - http://accountingpodcast.promo/freshbooksAirbase - http://accountingpodcast.promo/airbaseChapters(00:29) - Welcome to the show (03:24) - Finance worker pays $25 million after video call with a deep fake of company CFO (08:54) - Is QuickBook taking tax accountants' jobs? (16:23) - Three AI accounting startups raise money funding round (25:14) - Baker Tilly is now private-equity-owned (27:32) - How much do the Big 4 spend on lobbying? (31:52) - The Wall Street Journal's terrible opinion piece of E-filing (38:25) - 13 states are suing the IRS for direct file system (40:15) - MIT study on effects of 150-hour rule (46:28) - Dual licensed CPAs and CMAs earn almost $40k more per year (49:17) - Google releases Gemini and is retiring BARD (53:33) - ADP launches ADP Assist (56:48) - Gemini also now does AI art (59:25) - Thanks for listening and please fill out our survey  Show NotesFinance Employee Defrauded for $25M by Deepfake CFODual Certifications Mean Big Bucks for Accountants - CPA Practice AdvisorBaker Tilly US gets PE investment | Accounting TodayBig Four Lobby Congress on Accounting Pipeline, AI, CryptoBeware of E-Filing Your Tax ReturnQuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep servicesAccounting software startup Pennylane becomes France’s latest unicorn | TechCrunchGoogle’s Gemini is now in everything. Here’s how you can try it out.Accounting body tells members to make annual pledge to be ethical    Platform Accounting Group gets $85M funding round   Finally, now with $10M, adds AI for better insight into small business accounting    AI Will Be Doing More Accounting If Startup Investors Have Their Way    ADP launches ADP Assist genAI assistant    Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax    Higher tax filing costs could take a bite out of your refund    DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round    Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group    Finally Raises $10 Million to Expand Small Business Automation Solutions    Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward    France gains a new unicorn as Pennylane raises €40m    QuickBooks Live Tax Update     Beware of E-Filing Your Tax Return    DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI    Big Four Lobby Congress on Accounting Pipeline, AI, Crypto    Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’    I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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 ...
Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture. The discussion turns to best practices for incorporating technology like Relay into accounting practices to solve client problems and the importance of understanding client pain points.Meet Our Guest, Yoseph WestLinkedIn: https://www.linkedin.com/in/yosephwest/Twitter: https://twitter.com/bankwithrelayFacebook: https://www.facebook.com/bankwithrelayInstagram: https://instagram.com/bankwithrelayLearn more about the Relay Partner Program: https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogramDisclaimer: Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are acceptedListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsWant 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
CNBC tells taxpayers to seek out EAs if they can't find a CPA, crypto fraud by a pastor who claims God told him to do it, issues with IRS taxpayer notices and filing, accounting irregularities at agricultural giant ADM send the stock plummeting, CPA reciprocity is a pain, AI updates including Microsoft Mesh VR meetings in Teams, FTC forcing TurboTax to stop advertising as "free," Wave’s new paid subscription model, and the liquidation threat facing massive Chinese developer Evergrande.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoClient Hub - http://accountingpodcast.promo/clienthubChapters(00:29) - Welcome to the show (02:19) - CNBC article on what to do if you can't find a CPA to do your taxes (07:12) - Trump tax leaker sentenced to 5 years in prison (08:45) - FTC rules Intuit can no longer advertise their product as free (12:51) - H&R Block and Intuit are suing each other and each one's AI (18:39) - Brex is cutting 20% of their staff (20:59) - Microsoft Mesh and virtual reality meetings (24:14) - Wave introduces paid pro plan (26:05) - Microsoft passes Apple as the world's most valuable company (30:01) - Blake reads a few live viewer comments (30:57) - ADM suffers big stock drop amid accounting investigation (36:03) - Pastor charged with cryptocurrency fraud (38:35) - FTX has amassed $4.4 billion by selling cyrpto assets (39:54) - Tingo fraud update and correction (44:43) - Iowa CPA survey shows CPAs support alternative pathways to license besides 150-hour requirement (52:29) - A few IRS stories (01:00:19) - Blake teases China and Evergrande story (01:01:37) - Wrap up and please fill out our listener survey  Show NotesSEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency ReliefPastor Charged With Cryptocurrency Fraud Said God Told Him to Do It - The New York TimesAccounting investigation under way at ADM and its top financial executive has been placed on leave | AP NewsHere's what to do if you can’t find an accountant for tax seasonFormer IRS Contractor Sentenced for Disclosing Tax Return Information to News Organizations | United States Department of JusticeTurboTax Can No Longer Advertise Products as Free, F.T.C. SaysH&R Block launches AI tax filing assistant - The VergeTurboTax bolsters support options, both human and AIBrex cuts 20% of staff amid reports of stalled growth, high burn | TechCrunchBring virtual connections to life with Microsoft Mesh, now generally available in Microsoft TeamsInvestors see Microsoft's stock market value leaving Apple behindInput steers CPA licensure pathways recommendation - Iowa Society of CPAsListener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/The CAS Cache -
This week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root causes behind accounting's heavy workloads and offer perspectives on how licensing rules and firm profitability shape experiences.SponsorsOnPay - http://accountingpodcast.promo/onpayA2 Advisors - http://accountingpodcast.promo/luke Earmark - https://earmarkcpe.promo/EarmarkMediaKitChapters(00:04) - Welcome to the show and some personal updates from David and Blake (07:38) - A TurboTax expert tells us why she loves her job (16:26) - Tyler writes in about the pipeline problem (23:42) - Looking at other career certification requirements as inspiration for CPA change (27:47) - CPA mobility and reciprocity (37:32) - Bank statements are the norm for getting any loan in Puerto Rico (39:37) - The CPA profession is the transmission of a car (44:37) - Accountant's starting salaries are the biggest pipeline problem (53:39) - Blake checks in with the live chat (57:26) - Creating a "paralegal" type license in the accounting field (58:59) - Ways to mitigate busy season (01:02:17) - Wrap up and remember to send us your thoughts and stories  Show NotesComing soon!Listener SurveyPlease take our listener survey: https://accounting.show/surveyNeed 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/OvercastClassifiedsREFRAME WORKSHOP - https://www.reframe2024.com/Royalwise - https://royalwise.com/partnerForwardly - https://www.forwardly.com/ClassifiedsWant 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/RunClassifiedAd
Blake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends including self-driving vehicle safety data, and examine some recent news regarding a software error falsely accusing hundreds, an SEC crypto ETF approval, and a feel-good small town tax budget balanced without rate hikes thanks to a new accounting system implementation. Grab your favorite snack and have a listen!SponsorsOnPay - http://accountingpodcast.promo/onpayFinDaily - http://accountingpodcast.promo/findailyClient Hub - http://accountingpodcast.promo/clienthubChapters(00:31) - Welcome to the show. Blake has been traveling (07:04) - How can accountants attract lifelong customers (09:59) - KPMG working to reduce late hours and weekend work (16:08) - UK coffee shop introduces subscription pricing (19:54) - Are accounting tech jobs more balanced? (21:49) - We did a bonus interview with Rightworks and more AI updates (24:32) - Waymo caused accidents vs human drivers (29:39) - Are AI-caused layoffs coming? (31:29) - The SEC approves crypto ETFs (34:52) - NYT story on NYU student's $6 million crypto mine (39:35) - Update on UK Postal scandal and Fujitsu (43:52) - An estimated $50 billion per month moved out of China in 2023 (47:54) - Hydroxychloroquine and putting numbers in perspective (51:14) - David's personal information may have been leaked in the Framework leak (53:08) - GM suing the city of San Francisco over taxes (55:23) - Small Pennsylvania town cancels tax hikes after new accounting system finds unaccounted revenue (56:25) - Thanks for listening and remember to subscribe  Show NotesKPMG looks to take some of the pain out of the auditing ‘busy season’ OpenAI debuts ChatGPT subscription aimed at small teams | TechCrunch Comparison of Waymo Rider-Only Crash Data to Human Benchmarks at 7.1 Million Miles Expanding Copilot for Microsoft 365 to businesses of all sizes A third of companies have already laid off workers due to AI This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. - The New York Times SEC Approves Bitcoin ETFs for Everyday Investors Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China. - The New York Times Hydroxychloroquine could have caused 17,000 deaths during Covid, study finds GM blasts San Francisco in lawsuit over $108M tax bill OpenAI debuts small team ChatGPT subscription Intuit sues H&R Block over marketing claims it says are false, misleadingThe role of auditors in the Post Office scandal: A need for greater accountability?  Framework email customers for data breach from accounting partner getting phishedFujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'        Report: 25% of CEOs Expect AI to Lead to Job Cuts in 2024           Expanding Copilot for Microsoft 365 to businesses of all sizes Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comListener SurveyPlease take our listener survey: https://accounting.show/surveyGet 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, st...
Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points. In the episode, we discuss the value of using the platform for salary negotiation. Dominic also highlights trends in accounting salaries, the impact of job hopping on earnings, and the relationship between work environment and job satisfaction.Meet Our Guest, Dominic PiscopoLinkedIn: https://www.linkedin.com/in/dopiscopo/Learn more about Big4Transparency.comWebsite: https://www.big4transparency.com/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/OvercastClassifiedsWant 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
Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures, and the impacts of the talent shortage illustrated by delayed government audits in Wyoming. Wrapping things up, some reflections on the need for major reforms in auditing and regulation of the accounting profession. All this and more, right here, right now!Sponsors Zoho - http://accountingpodcast.promo/zohoRelay - http://accountingpodcast.promo/relayClient Hub - http://accountingpodcast.promo/clienthubChapters(00:29) - Blake goes over the Arizona Society of CPA's survey results (06:06) - Do 150-hour employees do better work? (09:35) - Are firms facing an accounting shortage? (14:42) - Did you know Nikki Haley was an accountant? (16:28) - Deloitte audit failure in Nigeria (29:35) - Certified Pastry Aficionado (31:37) - Tsunami miracle baby, now 19, pursuing an accounting degree (34:30) - Fujitsu, Horizon, and the disgusting postal worker prosecution failure by the UK government (48:41) - Blake checks in on the live chat (53:19) - Going Concern: Wyoming firm faces staffing shortage in critical government audits (56:49) - Download Earmark. Earn free CPE for listening  Show NotesArizona CPA Society releases 150-hour survey resultshttps://www.ascpa.com/news/ddf50a1e-70cc-4d5b-9e00-cc9c5f82c17e:az-cpa-januaryfebruary-2024How Deloitte missed a massive Nigerian company fraudhttps://www.forbes.com/sites/brandonkochkodin/2024/01/10/how-auditor-deloitte-missed-a-nigerian-companys-massive-fraud/?sh=49b6cce059f4Tsunami miracle baby now majoring in accountinghttps://www.nst.com.my/news/nation/2023/12/994163/tsunami-miracle-baby-now-19-pursues-accounting-degree-nsttvOnly two firms in Wyoming can do government audits, and one can’t do its jobhttps://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages            https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/ Revealed: The Fujitsu fat cats who pocketed huge salaries while its flawed Horizon accounting system ruined...https://www.dailymail.co.uk/news/article-12948671/The-Fujitsu-fat-cats-pocketed-huge-salaries-flawed-Horizon-accounting-ruined-lives-thousands-postmasters-wrongly-accused-stealing-Post-Office-emerges-charge-government-contracts.html What should accounting technology providers learn from the Post Office Horizon scandal?https://www.accountancyage.com/2024/01/09/what-should-accounting-technology-providers-learn-from-the-post-office-horizon-scandal/ Plans to legislate for resolution of Post Office accounting scandalhttps://www.accountancydaily.co/plans-legislate-resolution-post-office-accounting-scandal Post Office under criminal investigation for potential fraud over Horizon scandalhttps://www.theguardian.com/uk-news/2024/jan/05/post-office-criminal-investigation-potential-horizon-accounting-fraud Some 86 people have seen their convictions for false accounting and theft overturnedhttps://curated.tncontentexchange.com/partners/afp/the-firm-created-faulty-accounting-software-that-saw-subpostmasters-wrongly-convicted-of-theft/image_383af729-fda2-517c-b5ff-85afffefb214.html UK police launch fraud inquiry over post office IT scandalhttps://www.themountaineer.com/news/national/uk-police-launch-fraud-inquiry-over-post-office-it-scandal/article_72e76f8b-7e6f-55ad-9605-93183aefb01e.html How the Post Office’s Horizon system failed: a technical breakdownhttps://www.theguardian.com/uk-news/2024/jan/09/how-the-post-offices-horizon-system-failed-a-technical-breakdown Bad software sent postal workers to jail, because no one wanted to admit it could be wronghttps://www.theverge.com/2021/4/23/22399721/uk-post-office-software-bug-criminal-convictions-overturned Post Office warned of software flaw in 2006, but failed to alert subpostmaster networkhttps://www.computerweekly.com/news/252514110/Post-Office-warned-of-software-flaw-in-2006-but-failed-to-alert-subpostmaster-network Post Office spunks fresh £36m on Fujitsu after cloud fail  https://www.thestack.technology/post-office-fujitsu-extension/ When did the Post Office scandal start? Timeline of key eventshttps://www.thetimes.co.uk/article/when-post-office-scandal-start-happen-timeline-of-key-events-2q23bhm2c Briefing presumption that comp...
Blake and David meet up with TJ Lewis and Aaron Van Ruler from Rightworks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other Rightworks products.Meet Our GuestsTJ Lewis, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/tj-lewis/Aaron Van Ruler, Innovation Strategist, RightworksLinkedIn: https://www.linkedin.com/in/avanruler/Learn more about Rightworkshttps://ai.rightworks.com/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/OvercastClassifiedsWant 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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Comments (3)

Timbit

at 42 min. The role of the auditor is to make sure the statements are correct, not whether it's a good investment. It's the role of the investor. the investor should have some financial literacy approiate to understand a financial statement

Sep 10th
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Preeti Sharma_Career guide

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Apr 12th
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roy

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Jan 8th
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