The Accounting Podcast

Accounting Professor Bills Trump $900,000 for Expert Testimony


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Just in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden's indictment on tax charges, and tips for using spreadsheets in filmmaking and other creative projects. All this and more to keep you entertained while you wrap those last-minute gifts!

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Chapters
  • (00:38) - Who knew being an expert witness paid so well
  • (06:49) - Former Wall Street accountant leaves profession to become an escort and exotic dancer
  • (09:43) - Illinois retention survey
  • (17:27) - Has AI job replacement theory reached mainstream?
  • (18:37) - Why employees resign
  • (21:02) - Accounting rules and the supply of accountants
  • (25:00) - FASB announces new rules for cryptocurrencies
  • (26:14) - IRS expanding their modernization efforts for technology
  • (27:55) - FinCEN updates a new service opportunity for accountants
  • (34:27) - Former Jaguars employee accused of stealing over $22 million
  • (39:30) - Nikola founder sentenced to prison for fraud
  • (43:17) - 64% of employees waste time due to lack of deadlines
  • (45:27) - EY laying off US partners
  • (48:35) - EY names Janet Truncale first female global CEO of big 4 firm
  • (49:27) - The IRS plans reorg at the highest leadership levels
  • (50:09) - Israel and the US knew of Hamas bank account
  • (54:07) - Hunter Biden's indictment
  • (58:29) - All Sorts director demonstrates how he uses spreadsheets
  • (01:02:14) - Wrap up and where to reach us
  •  

    Show Notes

    Trump PAC paid for expert witness testimony in NY civil fraud trial

    https://www.nbcnews.com/politics/donald-trump/trump-pac-paid-expert-witness-testimony-ny-civil-fraud-trial-rcna128804

     

    EY Is Laying Off U.S. Partners Amid Tough Economic Conditions – WSJ

    https://www.wsj.com/articles/ey-is-laying-off-u-s-partners-amid-tough-economic-conditions-9efc4aa6

     

    Accounting Rules and the Supply of Accountants by Anthony Le :: SSRN

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666335

     

    Righting Retention - Insight Special Feature

    https://www.icpas.org/information/professional-issues/talent-retention

     

    Stripper and escort rakes in $34k per week catering to Wall Street

    https://nypost.com/2023/12/18/business/stripper-and-escort-rakes-in-34k-per-week-catering-to-wall-street/

     

    FinCEN ramps up guidance as beneficial ownership requirements looms | Accounting Today

    https://www.accountingtoday.com/opinion/fincen-ramps-up-guidance-as-beneficial-ownership-requirements-fast-approach

     

    Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Trucks

    https://www.wsj.com/us-news/law/trevor-milton-lied-about-nikolas-zero-emission-trucks-is-that-worth-a-decade-in-prison-ae35ce40

     

    64% of Employees Waste Hours Due to Lack of Deadlines | CFO

    https://www.cfo.com/news/64-of-employees-waste-hours-due-to-lack-of-deadlines/702774/

     

    IRS Expands Business Tax Account Tool To Include S Corps And Partnerships

    https://www.forbes.com/sites/kellyphillipserb/2023/12/18/irs-expands-business-tax-account-tool-to-include-s-corps-and-partnerships/

     

    Israel Found the Hamas Money Machine Years Ago. Nobody Turned It Off.

    https://www.nytimes.com/2023/12/16/world/europe/israel-hamas-money-finance-turkey-intelligence-attacks.html?smid=nytcore-ios-share&referringSource=articleShare

     

    Hunter Biden Charged With Evading Taxes on Millions From Foreign Firms

    https://www.nytimes.com/2023/12/07/us/politics/hunter-biden-indictment.html

     

    Former Jaguars employee accused of stealing over $22 million – ESPN

    https://www.espn.com/nfl/story/_/id/39059710/former-jaguars-employee-accused-stealing-22-million

     

    EY names Janet Truncale as first female global CEO of Big Four firm | Accounting Today

    https://www.accountingtoday.com/articles/ey-names-janet-truncale-as-first-female-global-ceo-of-big-four-firm

     

    NY AG disputes Trump expert’s GAAP analysis      

    https://www.cfodive.com/news/gaap-holds-spotlight-final-stretch-250m-trump-civil-fraud/702327/

    Hunter Biden Indicted On Criminal Tax Charges In California

    https://www.forbes.com/sites/kellyphillipserb/2023/12/08/hunter-biden-indicted-on-criminal-tax-charges-in-california/

     

    Hunter Biden Charged with Tax Crimes in Los Angeles

    https://www.cpapracticeadvisor.com/2023/12/11/hunter-biden-charged-with-tax-crimes-in-los-angeles/98977/

     

    Trump's accounting expert trashes NY's 'absurd' fraud case

    https://www.accountingtoday.com/articles/trumps-expert-accounting-witness-trashes-nys-absurd-fraud-case-in-court-clash

     

    Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud

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    The Accounting PodcastBy Blake Oliver & David Leary

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