In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover several tech stories related to accounting, problems with client portals, and much more!

Sponsors
OnPay - https://cloudaccountingpodcast.promo/onpay
Relay - https://cloudaccountingpodcast.promo/relay
Forwardly - https://cloudaccountingpodcast.promo/forwardly

• (00:04) - Preview: Accounting firms will transition to corporations

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

Show Notes

Tech News: TaxFyle releases AI tax prep bot          

https://www.accountingtoday.com/list/tech-news-taxfyle-releases-generative-ai-tax-prep-bot

Why everyone is mad about New York’s AI hiring law

https://www.technologyreview.com/2023/07/10/1076013/new-york-ai-hiring-law/

Mississippi youth passes CPA Exam – at Age 15

https://www.journalofaccountancy.com/news/2023/jun/mississippi-youth-passes-cpa-exam-at-age-15.html

BDO USA is Shifting From a Partnership to a Corporation - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/

Gusto hires former Google exec to add AI to products | Accounting Today

https://www.accountingtoday.com/news/gusto-hires-former-google-exec-to-add-ai-to-products

KPMG cuts 5% of U.S. workforce | Accounting Today        

https://www.accountingtoday.com/news/kpmg-cuts-5-of-u-s-workforce

KPMG’s Big Four Dominance on Bank Audits Shaken by Failures

https://news.bloombergtax.com/financial-accounting/kpmgs-big-four-dominance-on-bank-audits-shaken-by-failures

Thomson Reuters adding AI to tax software | Accounting Today

https://www.accountingtoday.com/news/thomson-reuters-adding-ai-to-tax-software

EY Tops Rival Audit Firms in Public Company Clients - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/06/20/ey-tops-rivals-in-public-company-audit-clients/81193/

Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesses

https://www.ctvnews.ca/business/shopify-vows-to-fight-cra-request-to-hand-over-records-from-more-than-121-000-canadian-businesses-1.6454822

Accounting firm EY calls off ‘Project Everest’ to break up firm ...

https://www.dailymirror.lk/business/Accounting-firm-EY-calls-off-Project-Everest-to-break-up-firm/215-261867

Finance Automation Platform Ramp Acquires AI Startup Cohere.io

https://www.pymnts.com/artificial-intelligence-2/2023/finance-automation-platform-ramp-acquires-ai-startup-cohere-io/

BDO USA is Shifting From a Partnership to a Corporation 

https://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/ 

M365 Copilot, Microsoft’s generative AI tool, explained

https://www.computerworld.com/article/3700709/m365-copilot-microsofts-generative-ai-tool-explained.html

Intuit Supercharges Intuit GenOS with OpenAI’s Large Language Models to Bring GenAI Experiences to Customers

https://investors.intuit.com/news/news-details/2023/Intuit-Supercharges-Intuit-GenOS-with-OpenAIs-Large-Language-Models-to-Bring-GenAI-Experiences-to-Customers/default.aspx

Wrapbook Expands its Payroll Platform to Enable Seamless ...

https://www.businesswire.com/news/home/20230629819270/en/Wrapbook-Expands-its-Payroll-Platform-to-Enable-Seamless-Collaboration-Across-Production-and-Accounting-Teams

Kraken ordered to turn over its users' information to the IRS

https://www.accountingtoday.com/articles/kraken-ordered-to-turn-over-its-users-information-to-the-irs