The Accounting Podcast

Fiscal State of Nation Act & Solving for CPA Mobility with Lindsay Patterson


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Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm.

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Chapters
  • (00:00) - Introduction and CPA Email Incident
  • (00:33) - AI in QuickBooks: A Game Changer?
  • (06:00) - Live Stream Shoutouts and YouTube Promotion
  • (06:54) - New Legislation: Fiscal State of the Nation Act
  • (10:37) - CPA Mobility and Alternative Pathways
  • (11:47) - Guest Segment: Lindsay Patterson on CPA Mobility
  • (33:13) - Deloitte's Bad Week: Controversies and Criticisms
  • (35:58) - CPA Firms in Trouble: The Zwick CPA Case
  • (40:05) - Jerome Powell's Defiant Statement
  • (44:29) - Why Accountants Leave Public Accounting
  • (51:24) - Listener Emails and Final Thoughts
  • (52:08) - The Future of Accounting Jobs
  • (55:12) - Private Equity in CPA Firms
  •  


    Meet Lindsay Patterson:
    LinkedIn: https://www.linkedin.com/in/lindsaypatterson/

    Show Notes

    AICPA Urges Congressional Support for Fiscal State of the Nation Act
    https://www.aicpa-cima.com/news/article/aicpa-urges-congressional-support-for-fiscal-state-of-the-nation-act


    Barr Reintroduces Bipartisan Fiscal State of the Nation Act to Strengthen Oversight of Government Spending
    https://barr.house.gov/press-releases?id=EDF451C5-EEAE-44D7-85A8-2B714E9D7822


    For CPAs, one license — and 55 rulebooks
    https://www.accountingtoday.com/opinion/for-cpas-one-license-and-55-rulebooks

    Deloitte's Disturbing Pattern Allegedly Cost Americans Health Coverage, Delayed Benefits, and the US Government $74B
    https://www.ibtimes.co.uk/deloittes-disturbing-pattern-allegedly-cost-americans-health-coverage-delayed-benefits-us-1773010


    Deloitte to ramp up India operations with 50,000 new hires
    https://www.internationalaccountingbulletin.com/news/deloitte-hiring-india/

    PCAOB Sanctions Audit Firm, an Owner of That Firm, and a Former Audit Manager for Multiple Violations of PCAOB Rules and Standards
    https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-audit-firm--an-owner-of-that-firm--and-a-former-audit-manager-for-multiple-violations-of-pcaob-rules-and-standards


    PCAOB bars Zwick CPA, owner and manager
    https://www.accountingtoday.com/news/pcaob-bars-zwick-cpa-owner-and-manager

    Turnover Experiences in Public Accounting and Alumni's Decisions to 'Give Back'
    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266300


    U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year
    https://www.prnewswire.com/news-releases/us-accounting-undergraduate-enrollment-rises-for-third-straight-year-302665511.html


    Accounting undergrad enrollment rises for third year
    https://www.accountingtoday.com/news/accounting-undergrad-enrollment-rises-for-third-year


    Capital One to Acquire Brex
    https://investor.capitalone.com/news-releases/news-release-details/capital-one-acquire-brex


    Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
    https://www.cnbc.com/2026/01/22/capital-one-is-buying-startup-brex-for-5point15-billion-in-credit-card-firms-latest-deal.html


    Florida Republican candidate suggests 'sin tax' for OnlyFans creators
    https://thehill.com/homenews/nexstar_media_wire/5691927-florida-governor-candidate-sin-tax/


    Florida gubernatorial candidate proposes 50% "sin" tax on OnlyFans creators; top earner Sophie Rain pushes back
    https://www.cbsnews.com/miami/news/florida-onlyfans-tax-proposal-james-fishback-sophie-rain/


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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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