The Accounting Podcast

BOI Blocked | 57% of Firms Raising Prices | Creepy EY Bot


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Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list!  Today, Blake and David dig into several significant developments in accounting, including a federal court's decision to block BOI reporting nationwide. They also examine which of the 57% of accounting firms plan to raise fees in 2025 and take a look at the AICPA's Experience Learn and Earn (ELE) program. There's also talk about new PCAOB reporting requirements for audit firms and the recent acquisition of Dext by Iris Software Group.

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Chapters
  • (00:31) - Celebrating Achievements and Social Media Impact
  • (03:16) - Key News Stories: Price Increases and Regulatory Changes
  • (04:17) - BOI Reporting Requirement Blocked
  • (14:21) - Raising Prices in Accounting Firms
  • (17:39) - Experience, Learn, and Earn Program
  • (22:26) - AICPA and Overtime Pay Ruling
  • (30:12) - PCAOB's New Reporting Requirements
  • (34:48) - Debating the Future of Auditing
  • (35:50) - Impact of AI on Auditing
  • (37:21) - Evaluating PCAOB's Effectiveness
  • (38:32) - PCAOB Sanctions and Penalties
  • (45:00) - Macy's Financial Controversy
  • (48:31) - EY's AI Interview Bot
  • (53:29) - AI's Impact on Productivity
  • (58:14) - Dext Acquisition by Iris
  • (01:01:58) - Closing Remarks and Future Topics
  •  


    Show Notes

    Accounting Today - The 2024 Top 100 Most Influential People https://arizent.brightspotcdn.com/c3/0f/2649ee17493eab95634bbc91f5f7/top-100-most-influential-people-updated.pdf

     

    Federal Court Enjoins Enforcement of the CTA Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadline

    https://natlawreview.com/article/texas-federal-court-blocks-corporate-transparency-act-halts-nationwide-enforcement

     

    Survey Says 57% of Firms Are Raising Prices Next Year

    https://cpatrendlines.com/2024/11/14/survey-says-57-of-firms-are-raising-prices-next-year/

     

    Experience, Learn, and Earn
     https://experiencelearnearn.org/

     

    Expanded Access Now Available for AICPA-NASBA ELE Program

    https://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/

     

    Texas Judge Tosses Biden Overtime Expansion for Millions

    https://news.bloomberglaw.com/daily-labor-report/overtime-expansion-for-4-million-workers-tossed-by-texas-judge

     

    Follow up to the "AICPA is illegally hiding salary info on job postings". After several emails, I convinced them to comply with the law

    https://www.reddit.com/r/Accounting/comments/1g0ib4z/follow_up_to_the_aicpa_is_illegally_hiding_salary/

     

    PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules https://tax.thomsonreuters.com/news/pcaob-adopts-auditor-performance-metrics-increased-firm-reporting-rules

     

    Critics see chance to close down US audit regulator under Trump

    https://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9

     

    Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings

    https://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9

     

    KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectations

    https://kpmg.com/us/en/media/news/ai-adoption-across-us-finance-functions-reaches-highest-levels.html

     

    IRIS Software Group Announces Intent to Acquire Dext Software Ltd.

    https://dext.com/us/iris-announces-intent-to-acquire-dext


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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


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    The Accounting PodcastBy Blake Oliver & David Leary

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