The Accounting Podcast

Don Jr. Explains GAAP & Why No One's Going Into Accounting


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Blake and David dig into the use of AI agents in solving problems, emphasizing the effectiveness of assigning different roles to the agents and having them interact with each other to reach satisfactory results. They also discuss the latest accounting news, including the recent arrest of an IRS contractor, the IRS slashing the PTIN fee, ongoing trials, and cyber-attacks.

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Chapters
  • (00:47) - Don Jr. explains GAAP
  • (04:07) - Stories we'll cover this week
  • (06:13) - WSJ article on why no one is going into accounting
  • (10:30) - New Illinois CPA Society survey
  • (12:42) - The IRS is watching people who resold Taylor Swift tickets
  • (14:11) - Chick-fil-A is testing out robot servers and what accountants can learn in what customers want & expect in restaurants
  • (18:39) - Zoom adds AI companion features
  • (23:58) - FedNow hits milestone
  • (26:07) - Listener mail
  • (34:15) - QuickBooks offers a $50/month assisted bookkeeping service
  • (40:33) - Listener mail: Should I change majors from accounting?
  • (43:17) - FEMA and WGU are alternative ways to earn 150 credits
  • (46:33) - Microsoft using AI to help AI
  • (51:00) - Former IRS contractor charged with leaking billionaire tax filings
  • (55:03) - Trump blaming his former Mazars accountant in fraud trial
  • (59:36) - CPA Canada vs CPA Quebec and CPA Montreal updates
  • (01:01:53) - MGM cyber attack follow up
  • (01:04:16) - WSJ reports Binance is in trouble
  • (01:08:25) - Wrap up and how to reach us
  •  

    Show Notes

    Chick-fil-A Reportedly Tests Robot Servers Amid Diner Concerns Around Automation

    https://www.pymnts.com/restaurant-technology/2023/chick-fil-a-tests-robot-servers-amid-diner-concerns-around-automation/

     

    AICPA Endorses Key Legislation Recognizing the Link Between ...  

    https://www.prnewswire.com/news-releases/aicpa-endorses-key-legislation-recognizing-the-link-between-accounting-and-stem-301941029.html

     

    Why No One's Going Into Accounting - WSJ           

    https://www.wsj.com/lifestyle/careers/accounting-salary-cpa-shortage-dec2caa2

     

    IRS slashes PTIN fees       

    https://www.accountingtoday.com/news/irs-slashes-ptin-fees

     

    New National Research on CPA Pipeline Challenges Underway      

    https://www.cpapracticeadvisor.com/2023/10/05/new-national-research-on-cpa-pipeline-challenges-underway/95453/

     

    IRS contractor charged in leak of billionaire taxpayer info

    https://www.accountingtoday.com/news/irs-contractor-charged-in-leak-of-billionaire-taxpayer-info-to-news-outlets

     

    CPA Standoff: Financial transparency a key issue in national ...      

    https://www.canadian-accountant.com/content/profession/cpa-standoff-financial-transparency-dispute

     

    Anthony's Coal Fired Pizza and Wings removes AI ordering platform           

    https://www.pizzamarketplace.com/articles/anthonys-coal-fired-pizza-and-wings-removes-ai-ordering-platform/

     

    FedNow Service Surpasses 100 Participants Since July Launch       

    https://www.pymnts.com/news/faster-payments/2023/fednow-service-surpasses-100-participants-since-july-launch/

     

    2024 Public Accounting Starting Salary Numbers Are In   

    https://www.goingconcern.com/2024-public-accounting-starting-salary-numbers-are-in/

     

    Clorox Experiences Significant Financial Loss Stemming From Recent Cyber Attack               

    https://blog.knowbe4.com/clorox-cyber-attack-financial-loss

     

    CPA Pipeline Research Survey      

    https://intraprise.qualtrics.com/jfe/form/SV_cUSqP1Kalfh58ZE?Source=PRMK

     

    2024 Salary Guide | Robert Half 

    https://www.roberthalf.com/us/en/insights/salary-guide

     

    CPA Standoff: Unique regulatory status of CPA Quebec complicates accounting rift              

    https://www.canadian-accountant.com/content/profession/cpa-standoff-ontario-governance-dispute

     

    CPA standoff: Ontario government sticks to sidelines in governance dispute           

    https://www.canadian-accountant.com/content/profession/cpa-standoff-ontario-governance-dispute

     

    Message from Jerilyn Dressler re: accounting profs lacking real world experience  

    https://mail.google.com/mail/u/0/#inbox/FMfcgzGtxTBWVtqNtvTshjnDnxjTvHJM

     

    Trump business fraud trial continues with accountant testimony on 4th day | PBS NewsHour         

    https://www.pbs.org/newshour/amp/politics/trump-business-fraud-trial-continues-with-accountant-testimony-on-4th-day

     

    MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos - WSJ     

    https://www.wsj.com/tech/cybersecurity/mgm-resorts-refused-to-pay-ransom-in-cyberattack-on-casinos-3a53fa6d?st=36ug7ec...

    ...more
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    The Accounting PodcastBy Blake Oliver & David Leary

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