In this episode, Blake and David cover the downfall of Mattel's co-founder and Barbie inventor, Intuit's new ad network that allows businesses to target specific audiences using data from QuickBooks Online, and the increasing rate of deficiencies in public company audits. They also discuss the detrimental effect of the 150-hour rule on students pursuing careers in accounting, the availability of a malicious code-writing tool called Fraud GPT on the dark web, and the use of AI in customer support and sales calls. 

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• (00:04) - Be prepared for higher prices because of AI

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Show Notes

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

https://fortune.com/2023/07/26/pcaob-audit-completely-unnacceptable-error-rate-enron-big-4-consulting/

150-hour requirement seen as a significant barrier to accounting by young people

https://www.accountingtoday.com/news/150-hour-requirement-seen-as-a-significant-barrier-to-accounting-by-young-people

The Sage Group plc (SGGEF) Q3 2023 Earnings Call Transcript

https://seekingalpha.com/article/4620753-sage-group-plc-sggef-q3-2023-earnings-call-transcript

Plaid Taps Cross River to Offer Real-Time Payments           

https://www.pymnts.com/real-time-payments/2023/cross-river-teams-with-plaid-to-offer-real-time-payments/

Sage sees solid growth in Q3

https://www.enterprisetimes.co.uk/2023/07/28/sage-sees-solid-growth-in-q3/

Intuit Launches B2B Ad Network Targeting Small Business Owners              

https://www.mediapost.com/publications/article/387583/intuit-launches-b2b-ad-network-targeting-small-bus.html

Unannounced IRS revenue officer visits discontinued        

https://proconnect.intuit.com/taxprocenter/tax-law-and-news/unannounced-irs-revenue-officer-visits-discontinued/

U.S. Accounting Watchdog Flags 'Unacceptable' Increase in Audit ...           

https://money.usnews.com/investing/news/articles/2023-07-25/u-s-accounting-watchdog-flags-unacceptable-increase-in-audit-deficiencies

IRS good at addressing cyberthreats, but not documenting them

https://www.accountingtoday.com/news/report-says-irs-good-at-addressing-cyberthreats-but-not-at-documenting-them-later

Exclusive: Mailchimp Owner Intuit Launches Media Network for Small Businesses

https://www.adweek.com/programmatic/exclusive-mailchimp-owner-intuit-launches-media-network-for-small-businesses/

New AI Tool 'FraudGPT' Emerges, Tailored for Sophisticated Attacks

https://thehackernews.com/2023/07/new-ai-tool-fraudgpt-emerges-tailored.html

Accounting Watchdog Expects Deficiencies in 40% of Public-Company Audits in 2022 - WSJ             

https://www.wsj.com/articles/accounting-watchdog-expects-deficiencies-in-40-of-public-company-audits-in-2022-badfcda

All About Barbie Inventor Ruth Handler: Where She Is Today

https://www.womenshealthmag.com/life/a44610455/ruth-handler-barbie/

How Vector Media transformed its customer support with AI | Zapier

https://zapier.com/blog/nations-largest-ad-transit-company-transformed-customer-support-with-ai/

theCAQ.org | Significant Barriers Deter Students from Pursuing a Degree in Accounting, According to CAQ Report 

https://www.thecaq.org/pipelineresearch2023

IRS whistleblowers accuse Hunter Biden during congressional hearing | Accounting Today

https://www.accountingtoday.com/news/irs-whistleblowers-accuse-hunter-biden-during-congressional-hearing

Want to Search PCAOB Inspection Reports By How Many Screw-Ups an Audit Firm Made? You Can Now Do That - CPA Practice Advisor 

https://www.cpapracticeadvisor.com/2023/07/20/new-online-tools-pcaob-inspection-reports/82128/...