Blake and David start with a discussion on Federal Reserve Chairman Jerome Powell's testimony regarding the failure of small and mid-sized banks due to exposure to the commercial real estate sector. They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Rounding out the episode, they answer listener questions and comments on topics including the psychological challenges of CPA firm employment, NASBA's lack of customer service, and the high fees for taking the CPA exam internationally.

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• (00:28) - Welcome to the show, how much trouble are small banks in?

Show Notes

Could CPAs telling their stories be the key to attracting Gen Zers to accounting? A PwC vice chair thinks so   

https://fortune.com/2023/11/15/cpa-attracting-gen-z-accounting-pwc/

Senate File 1660, the MNCPA-backed bill to broaden the pathways to CPA licensure, advanced in the Minnesota Senate on Thursday.     

https://www.mncpa.org/about/press/releases/pathways-cpa-senate-bill-hearing/

Powell: ‘There will be bank failures’ caused by commercial real estate losses

https://thehill.com/business/4516758-powell-there-will-be-bank-failures-caused-by-commercial-real-estate-losses/

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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