Heat Is On SVB Auditors & Hot Takes From A Tax Lawyer (Guest: Matt Foreman)

Matt Foreman explains what tax lawyers do; KPMG in the spotlight for signing off on SVB's books; digital bank apps benefit from SVB collapse; CLA launches paid high school accounting internships; Zoho's 10 most-installed CRM extensions of 2022; accounting talent shortage may cause city credit ratings to drop Sponsors

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Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe (00:00) - CAP 324

(00:17) - Preview: The job of a lawyer in setting up businesses

(00:49) - Introduction and welcome Matt to the show

(04:18) - What does a tax lawyer do?

(09:08) - What do you do for me as a client?

(13:26) - What is the biggest mistake you see businesses make?

(18:15) - The IRS is underfunded

(23:08) - How often and when are clients meeting with Matt?

(25:28) - How will the IRS ever agree how to spend their $80 billion

(31:19) - Digital bank apps have benefited from SVB collapse

(35:46) - Auditors under scrutiny for SVB collapse

(39:16) - Blake's take on why auditors aren't the ones to blame

(45:11) - Ron Baker's audit insurance idea

(50:19) - CLA launches paid high school accounting internships

(51:34) - Zoho lists their 10 most installed CRM extensions of 2022

(53:58) - Accounting talent shortage can cause city credit ratings to drop

(01:00:17) - Wrap up and how to reach everyone

Show Notes 10 most-installed Zoho CRM extensions of 2022  https://www.zoho.com/blog/marketplace/10-most-installed-Zoho-CRM-extensions-of-2022.html

SVB and Signature Bank Passed KPMG Audits Days Before Collapses

https://www.pymnts.com/digital-first-banking/2023/svb-and-signature-bank-passed-kpmg-audits-days-before-collapses/

CLA Launches Paid High School Accounting Internships in 15 ... https://www.cpapracticeadvisor.com/2023/03/14/cla-launches-paid-high-school-accounting-internships-in-15-locations/77932/

For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard  https://www.pymnts.com/news/regulation/2023/for-banks-guaranteeing-100percent-of-everyones-money-threatens-moral-hazard/

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