Blake and David delve into the use of AI in detecting plagiarism in students' papers and its implications for the ongoing debate on AI's impact on employment. They also shed light on the increasing cost of audits and the alarming decline in audit quality. Shifting the focus to remote work, they analyze a study's findings on productivity and emphasize the importance of considering the nature of the work. The conversation takes a concerning turn as they address the shortage of accounting staff and the urgent need to address overwork and its detrimental effects. The episode wraps up with an intriguing discussion on the IRS's transition to paperless operations and recent incidents involving lost tax information. As a bonus, they share amusing anecdotes of fraudsters and a heartwarming story of an accountant being inducted into a water ski hall of fame.

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• (00:04) - Preview: Where did Hunter Biden's income come from?

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Show Notes

IRS loses track of tax info during shipments between processing centers | Accounting Today

https://www.accountingtoday.com/news/irs-loses-track-of-tax-info-during-shipments-between-processing-centers

Leaders split on whether AI will reduce or expand headcount | Accounting Today

https://www.accountingtoday.com/news/leaders-split-on-whether-ai-will-reduce-or-expand-headcount

Hunter Biden plea deal outlines tax and accounting problems | Accounting Today

https://www.accountingtoday.com/articles/hunter-biden-plea-deal-outlines-tax-and-accounting-problems

Less than 1% of accounting firms can find enough staff | Accounting Today

https://www.accountingtoday.com/news/less-than-1-of-accounting-firms-can-find-enough-staff

IRS will finally let most Americans file taxes online next year

https://www.theverge.com/2023/8/3/23818531/irs-paperless-tax-filings-2024

Audit fees triple in 20 years | Accounting Today  

https://www.accountingtoday.com/news/audit-fees-triple-in-20-years

We're now finding out the damaging results of the mandated return to the office–and it's worse than we thought

https://fortune.com/2023/08/01/research-damaging-results-mandated-return-to-office-worse-than-we-thought-rto-remote-work-careers-leadership-gleb-tsipursky/

Students can use AI on applications, Arizona State law school says | Reuters

https://www.reuters.com/legal/transactional/students-can-use-ai-applications-arizona-state-law-school-says-2023-07-28/

EY Finally Admits It Has Some Serious Culture and Overwork Problems After Someone Died at the Office

https://www.goingconcern.com/ey-finally-admits-it-has-some-serious-culture-and-overwork-problems-after-someone-died-at-the-office/

JPMorgan CEO Jamie Dimon chides managers who work from home: ‘I don’t know how you can be a leader and not be completely accessible to your people’     

https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-chides-184750015.html

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