The Accounting Podcast

Is Intuit Going Enterprise? In THIS Economy?


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In this episode, Blake and David dive into Intuit's strategic shift towards enterprise solutions, discussing the potential impact on the accounting industry. They also examine some recent economic trends, including the U.S. debt situation and its comparison to historical empires. They then get into audit deficiency rates reported by the PCAOB, highlighting the need for transparency and reform in the auditing profession. There's also talk AI applications in education, recent accounting scandals, and more challenges facing the accounting industry.

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Chapters
  • (01:50) - Intuit's Strategic Shift to Enterprise
  • (04:42) - Intuit's Pricing and Market Position
  • (13:11) - Economic Outlook and Accountants' Perspectives
  • (21:45) - China's Debt and Bankruptcy System
  • (28:52) - Listener Mail and Industry Insights
  • (35:56) - A Compromise Between Hourly Billing and Subscription Pricing
  • (45:33) - AI as a Personal Tutor
  • (46:34) - Understanding SAFE Notes
  • (54:24) - AI in Retail and Business
  • (01:01:47) - Audit Deficiencies and Industry Issues
  • (01:25:34) - Conclusion and Final Thoughts
  •  


    Show Notes

    Intuit (INTU) Q4 2024 Earnings Call Transcript

    https://www.fool.com/earnings/call-transcripts/2024/08/22/intuit-intu-q4-2024-earnings-call-transcript/

     

    6 podcast episodes CFOs should listen to before summer ends

    https://www.cfo.com/news/6-podcast-episodes-cfos-should-listen-to-accounting-podcast-strategic-cfo-360-rockstar-cfo/723667/

     

    Accountants bearish, mostly

    https://www.accountingtoday.com/news/accountants-bearish-mostly-save-for-their-own-firm-and-clients

     

    Goldman Sachs Lowers Probability of US Recession

    https://www.investopedia.com/goldman-sachs-lowers-probability-of-us-recession-8697194

     

    China’s Punishment for People With Bad Debts: No Fast Trains or Nice Hotels

    https://www.wsj.com/world/china/chinas-punishment-for-people-with-bad-debts-no-fast-trains-or-nice-hotels-bde24da2

     

    Target to Roll Out Transformative GenAI Technology to its Store Team Members Chainwide

    https://corporate.target.com/press/release/2024/06/target-to-roll-out-transformative-genai-technology-to-its-store-team-members-chainwide

     

    N.J. Accounting Professor Convicted of Tax Evasion

    https://www.cpapracticeadvisor.com/2024/08/19/n-j-accounting-professor-convicted-of-tax-evasion/109210/

     

    Everyone from the sunken yacht off Sicily has now been accounted for

    https://www.npr.org/2024/08/22/g-s1-18939/tech-mogul-mike-lynchs-body-is-found-as-the-search-goes-on-for-1-more-yacht-passenger

     

    PCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparency

    https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparency

     

    EY Sheds U.S. Audit Clients in Response to Shortfalls

    https://www.wsj.com/articles/ey-sheds-u-s-audit-clients-in-response-to-shortfalls-2ba1172e

     

    Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback

    https://www.wsj.com/articles/regulator-explores-naming-companies-tied-to-auditing-deficiencies-amid-investor-pushback-8ee1d1f3

     

    Auditors failed to raise alarm before 75% of UK corporate collapses

    https://www.ft.com/content/14a63c36-ba27-495c-96c0-3d34460d73cc


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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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