January 27, 2023

Make ChatGPT Fire Clients

1 hour 10 minutes

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(00:00) - Thank you to our sponsor, Keeper

(00:20) - Preview: Will AI replace accountants in audits

(01:04) - Introduction and quick recap of Blake's week in Park City

(03:43) - Earmark has launched a new Federal Tax Updates podcast

(07:15) - Source says Square is launching their own GL

(10:46) - Some final takeaways from skiing trip

(13:18) - Thank you to our sponsor, Keeper

(14:55) - Article about a high school student who wants to become an accountant

(17:56) - IRS audit rates declined further in 2022

(19:10) - The Tax Foundation made a graphic on the IRS backlog

(21:54) - Accountants need to narrow their scope in 2023

(23:13) - Canadian accounting firm sues employee for overbilling on timesheets

(28:46) - Thank you to our sponsor, Relay

(30:04) - "Office Space" inspired sofrware engineering scam

(32:40) - Are mid-career CPAs happy in your firm?

(36:25) - David's first reaction to Chat GPT

(41:28) - Thank you to our sponsor, First Republic Bank

(42:31) - Blake uses Chat GPT live to demonstrate what it can do

(47:33) - Chad Davis uses Chat GPT to write fake CAP episode intro

(49:46) - Somebody used Chat GPT to try to pass a chartered accountant exam in England

(54:45) - Paula's message and idea about a national CPA license

(58:38) - Tori's email on how a radical step is needed to change the AICPA

(59:53) - Deanna asks for best apps to import journal entries into QBO Advanced

(01:01:47) - Accounting firms might want to look into hiring some of these laid off tech employees

(01:02:26) - Checking in on the live chat discussion on ChatGPT

(01:04:09) - Wrap up and reminder to subscribe to our YouTube channel

(01:07:29) - Classifieds

(01:07:31) - Client Hub

(01:08:08) - RightTool

(01:08:30) - Federal Tax Updates Podcast

(01:09:44) - How to advertise in these classifieds

Show Notes

George Clooney to be Headline Speaker at ExpensiCon 2023 - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/01/18/george-clooney-to-be-headline-speaker-at-expensicon-2023/75905/

AI chatbot falls just short on accounting exam | AccountingWEB

https://www.accountingweb.co.uk/tech/tech-pulse/ai-chatbot-falls-just-short-on-accounting-exam

IRS audit rates declined further in 2022 | Accounting Today

https://www.accountingtoday.com/news/irs-audit-rates-declined-further-in-2022

Are midcareer CPAs happy in your firm? | Accounting Today

https://www.accountingtoday.com/opinion/are-mid-career-cpas-happy-in-your-firm

2023 Tax Filing Season: Tax Season Delays & Complexity | Tax Foundation

https://taxfoundation.org/2023-tax-filing-season/

Canadian accountant is ordered to repay employer for 'time theft' : NPR

https://www.npr.org/2023/01/13/1148985075/time-tracking-software-canadian-woman-reach-cpa-court

'Office Space' Inspired Software Engineer's Scam, Prosecutors Say - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2023/01/06/office-space-inspired-software-engineers-theft-scheme-prosecutors-say/75515/?_ga=2.116447811.479438550.1673332096-1770167994.1673332096

3 Game-Changing Accounting Trends to Look Out for in 2023 https://www.spiceworks.com/finance/accounting/guest-article/3-game-changing-accounting-trends-to-look-out-for/

Facing Busy Season ’23: 99% of Accountants Suffer Burnout

https://cpatrendlines.com/2023/01/12/facing-busy-season-23-99-of-accountants-suffer-burnout/

Basecamp details 'obscene' $3.2 million bill that caused it to quit the cloud

https://www.theregister.com/2023/01/16/basecamp_37signals_cloud_bill/

Accountant must repay employer after software shows ‘time theft’

https://www.accountingweb.co.uk/tech/practice-software/accountant-must-repay-employer-after-software-shows-time-theft

George Clooney to Headline Expensicon 2023

https://www.intuitiveaccountant.com/education-hub/training-center/george-clooney-to-headline-expensicon-2023/

U.S. accounting watchdog faces lawsuit over its 'secretive ...

https://www.reuters.com/legal/us-accounting-watchdog-faces-lawsuit-over-its-secretive-disciplinary-process-2023-01-20/

TaxBit Announces Acquisition of Digital Asset Accounting Startup ...

https://www.prnewswire.com/news-releases/taxbit-announces-acquisition-of-digital-asset-accounting-startup-tactic-301723033.html

The IRS names the top tax crooks of 2022

https://www.accountingtoday.com/list/the-irs-names-the-top-tax-crooks-of-2022

5 ideas to watch out for in accounting in 2023

https://www.accountingtoday.com/news/5-ideas-to-watch-out-for-in-accounting-in-2023

CryptoCFOs Launch App to Access Crypto Tax & Accounting Communi...

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By Blake Oliver & David Leary

4.4