AICPA Blames Boring Accounting Professors for Pipeline Problem

Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and speculate on applications for accounting firms. They also cover lawsuits alleging Hollywood accounting tricks used by Disney to deprive financial partners of profits. Grab some snacks and enjoy! Sponsors

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Chapters

(01:34) - NASBA is hiring a new COO

(05:33) - What we'll cover on this week's show

(07:19) - AICPA talks about the pipline issues on Accounting Today's podcast

(13:34) - Blake checks in on the live chat

(22:15) - Two vastly different articles on CPAjournal.com about how to solve the accountant shortage

(31:06) - Making the CPA more accessible

(42:12) - Blake demonstrates OpenAI's new custom GPT maker

(54:39) - Disney sued for "Hollywood Accounting" methods

(01:01:14) - Thanks for listening and how to reach us

Show Notes NASBA Begins Search for New President and CEO | NASBA https://nasba.org/blog/2023/11/28/nasba-begins-search-for-new-president-and-ceo/   Rethinking the 150-Hour Requirement for CPA Licensure - The CPA Journal https://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/   The Accounting Pipeline - The CPA Journal https://www.cpajournal.com/2023/11/22/the-accounting-pipeline/   Disney sued over accounting by film financiers https://www.cfobrew.com/stories/2023/08/29/disney-sued-by-film-financiers

A pipeline progress report             https://www.accountingtoday.com/podcast/a-progress-report-on-accountings-pipeline-problem   Rethinking the 150-Hour Requirement for CPA Licensure https://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/   Accounting Education Disrupted  https://www.cpajournal.com/2023/11/21/accounting-education-disrupted/   KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FT https://news.bloombergtax.com/financial-accounting/kpmg-deloitte-ask-staff-to-use-burner-phones-for-hk-visits-ft   Deloitte and KPMG encourage use of burner phones in Hong Kong https://uk.finance.yahoo.com/news/deloitte-kpmg-encourage-burner-phones-101802848.html   NASBA starts search for CEO successor     https://www.accountingtoday.com/news/nasba-starts-search-for-ceo-successor

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Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page