Accountant Shortage Causing Negative City Credit Scores (live from Padgett REtreat)

Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferences Sponsors

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Chapters

(00:05) - Preview: Accounting is in a bad place

(02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests

(07:27) - Amanda, why was this tax season harder than last?

(09:13) - Tell us more about the Padgett REtreat

(10:41) - What are some ways to think about raising your prices?

(13:44) - The accounting shortage is affecting cities getting credit scores

(22:36) - NASBA extends the time to take the CPA exam to 30 months

(24:48) - AI and its future in accounting

(27:09) - Canopy integrates ChatGPT into their suite

(29:09) - PWC to invest $1 billion over the next 3 years in AI

(33:10) - How long do you think until smaller and midsize firms will be using AI

(35:14) - Lili Bank promises one-button accounting

(46:17) - Listener mail about staff not being given chances to go to conferences

(49:02) - Are accounting students set up only for the benefit of the Big 4 firms?

(53:16) - Wrap up and thanks for listening

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Show Notes ChatGPT Fails When It Comes to Accounting, Finds Major Study https://www.latestly.com/technology/chatgpt-fails-when-it-comes-to-accounting-finds-major-study-5078092.html KPMG Joins MindBridge in Global Launch of AI-Assisted Audit Tech

https://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-tech

What Microsoft’s Dynamics GP Announcement Means for the User Community https://dynamicscommunities.com/ug/dynamics-gp-ug/what-microsofts-dynamics-gp-announcement-means-for-the-user-community/   ChatGPT is still no match for humans when it comes to accounting              https://phys.org/news/2023-04-chatgpt-humans-accounting.html   Lili Claims Super App Status With New Accounting Platform https://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/   Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ... https://www.businesswire.com/news/home/20230418005500/en/Leading-Financial-Platform-Lili-Launches-%E2%80%98Lili-Smart%E2%80%99-to-Integrate-and-Consolidate-Accounting-Services-into-Small-Business-Banking   KPMG signs AI deal to improve audit transparency             https://www.accountancydaily.co/kpmg-signs-ai-deal-improve-audit-transparency   NASBA extends time to complete the CPA exam to 30 months https://www.accountingtoday.com/news/nasba-extends-time-to-complete-the-cpa-exam-to-30-months   Accounting Bachelors Degree Requirements: What You Need to Know https://seaver.pepperdine.edu/blog/posts/accounting-bachelors-degree-requirements-what-you-need-to-know.htm   ChatGPT: How AI will change law, finance, accounting and property ...        https://www.afr.com/work-and-careers/workplace/how-chatgpt-will-change-these-four-industries-20230328-p5cvzx   Canopy Launches ChatGPT AI in Accounting Practice Management Software https://www.einnews.com/pr_news/629260399/canopy-launches-chatgpt-ai-in-accounting-practice-management-software   Accountant shortage hurts city credit scores          https://fortune.com/2023/04/21/accountant-shortage-affecting-city-credit-scores/   Technology News | ⚡Study Finds ChatGPT No Match for Human When It Comes to Accounting https://www.latestly.com/quickly/technology/study-finds-chatgpt-no-match-for-human-when-it-comes-to-accounting-5078092.html   PwC Stakes $1 Billion on AI Investments in Tax, Consulting Work https://news.bloombergtax.com/financial-accounting/pwc-us-partners-with-microsoft-in-1-billion-ai-investment Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040 Need Accounting Conference Info?  Check out our new website - accountingconferences.com...