The Accounting Podcast

By Blake Oliver & David Leary

Business News

What's The Accounting Podcast about?

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

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AICPA Blames Boring Account...

12.06.2023

Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and ...

The Accounting Podcast episodes:

12.06.2023 AICPA Blames Boring Accounting Professors for Pipeline Problem Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and ...
11.29.2023 Listener Mail: Compilations, Talent Crisis, ESOPs, 120 v. 150, TurboTax Blake and David sort through the listener mailbag to find out what you think! Amongst the letters, we’ve got opinions on accounting without assurance and the industry talent crisis, as well as potential unethical practices by some tax experts, and ...
11.22.2023 What's New in QuickBooks from Connect \| Firms Turning Away Work Due to Staffing Shortages We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. ...
11.18.2023 How to Survive Public Accounting and the CPA Exam CPA Exam prep rockstars Peter Olinto and Roger Philipp join Blake and David to discuss the evolution of the CPA Exam over time, the importance of making studying entertaining, and challenges facing the accounting profession like public accounting burnout. Both ...
11.11.2023 Earmark Media Presents: Unofficial QuickBooks Accountants Podcast Listen to the full Unofficial QuickBooks Accountants Podcast here: https://share.transistor.fm/s/5586a16e Earmark Media Presents a bonus episode of Unofficial QuickBooks Accountants Podcast. Hector and Alicia dig into all the details and speculation around Intuit's newest cloud accounting product QuickBooks Ledger. Is ...
11.09.2023 Can AI Become An Accounting Expert? Blake and David examine the downfall of FTX and founder Sam Bankman-Fried and look at some controversies around Deloitte auditors backdating audit paperwork in Canada, receiving only a minor fine. They also marvel at Donald Trump's attempt to blame accountants ...
11.02.2023 Headlines: Maryland Can't Account For $1.4 Billion of Covid Funds An independent audit reveals over $1.4 billion in questionable spending and lack of financial oversight at Maryland's Health Department during the COVID pandemic. We break down the audit's alarming findings, and the response from state officials committed to improving financial ...
11.01.2023 Headlines: How a Vegas Hotel Manager Allegedly Stole $773K in Guest Refunds A former Vegas hotel manager is accused of stealing over $773,000 in guest refunds and using the money to live lavishly. We unpack how he allegedly pulled off the massive refund scam and what could have been done to catch ...
10.31.2023 Trump Trial Updates \| Are You Coffee Badging? \| Proof Americans Move for Lower Taxes An embezzlement scheme at Aria Hotel costs MGM $770,000, an accounting firm apologizes for paying a staffer below minimum wage, problems with Workday ERP implementations for state and local governments, a spike in accounting enrollment at Purdue University, and tax ...
10.30.2023 Joshua Lance, CPA: A Humble, Thoughtful Leader Today, we are honoring the life of Joshua Lance, CPA, founder of Lance CPA Group, who passed away in October at the age of 40 after a battle with cancer. To commemorate Josh's life, we are playing a eulogy delivered ...
10.27.2023 Headlines: Questions Surround Justice Thomas' RV Loan A recent report alleges Supreme Court Justice Clarence Thomas failed to disclose that a $267,000 recreational vehicle loan from a friend was forgiven, raising questions about potential tax issues and scrutiny around the justice's financial practices. Need CPE? Get CPE ...
10.25.2023 QuickBooks Launches Bill Pay \| NetSuite Adds AI \| How Financial Fraud Will Fill CPA Pipeline Blake and David discuss the factors that impact accountant salaries, including location, experience, and industry, and highlight the correlation between accounting salaries and overall economic conditions, noting that periods of economic growth can lead to higher salaries. They also take ...
10.19.2023 Evan Goldberg on NetSuite Turning 25 and Pushing Boundaries with AI NetSuite founder Evan Goldberg discusses the company's 25th anniversary, new AI features like Text Enhance and Customer 360, and his long-term vision for intelligent assistants integrated with NetSuite. Meet Our Guest, Evan Goldberg LinkedIn: https://www.linkedin.com/in/evan-netsuite/ Learn more about NetSuite Website: ...
10.18.2023 Becoming Employee-Owned: How BDO Broke Out of the Partner Model Wayne Berson, CEO of BDO USA, joins Blake and guest host, David Leary, on the Earmark Podcast to discuss BDO's recent transition to an employee stock ownership plan (ESOP), making it the first major accounting firm to implement an ESOP ...
10.17.2023 Israel War Impact on Fintech \| FTX & Trump Trial Updates \| Iowa Blames Workday There’s a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in ...
10.15.2023 Headlines: Microsoft's Puerto Rico Tax Odyssey After a decade-long audit, Microsoft is facing a whopping $29 billion tax bill from the IRS for what the agency claims was an "illusory scheme" to channel profits through Puerto Rico—but with years of appeals ahead, will the tech giant ...
10.11.2023 Don Jr. Explains GAAP & Why No One's Going Into Accounting 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 ...
10.07.2023 Headlines: The Top 10 Cities for U.S. Accountants Looking for the best cities to launch your accounting career? This top 10 countdown will highlight the metro areas with the highest demand, abundant jobs, and the most competitive salaries for accountants. Forbes Advisor compiled this list. See the full ...
10.05.2023 Straight Talk on Accounting's Big Issues with Dr. Sharon Lassar Sharon Lassar, Ph.D., CPA, and Director of the School of Accountancy at the University of Denver, shares concerns and perspectives on CPA licensure, including the resistance to changing the 150-hour requirement, the challenges of online learning and potential cheating, the ...
10.03.2023 How Trump Defrauded Banks & Top Cities To Be An Accountant Blake and David cover a plethora of topics including positive customer experiences, legal rulings, top cities for accountants, and the pressure on Intuit from major banks. They also dig into the discovery of a large sum of cash at a ...
09.30.2023 What’s New at Xero in the United States Ben Richmond, Xero's Country Manager for the United States, joins us to discuss new Xero product features like improved inventory management and AI integration, plans for the upcoming XeroCon 2024 conference, the future of the accounting profession, and Xero's sponsorship ...
09.28.2023 The ERC Moratorium: What Accountants and Tax Pros Need to Know The recent moratorium on Employee Retention Credit (ERC) claims has big implications for accounting and tax professionals. In this episode, we break down what the ERC moratorium means and the key things you need to know as an accountant or ...
09.27.2023 Could AI replace CEOs of CPA firms? Blake and David discuss the potential for AI to replace CEOs of CPA firms. They also dive into the increasing trend of remote work in accounting firms, contrasting the reservations expressed by some CEOs with the benefits of remote work ...
09.25.2023 Headlines: Job Security Isn’t Enough to Keep Many Accountants From Quitting Accounting has long been viewed as a stable career, but in recent years, droves of accountants have been leaving the profession. Blake Oliver dives into a recent Wall Street Journal article highlighting the factors driving experienced accountants away, from burnout ...
09.23.2023 Headlines: IRS Walks Back Promise to Stay Open During Shutdown The government shutdown threat looms as Congress scrambles to pass funding bills. The IRS previously said it could stay open during a shutdown by relying on Inflation Reduction Act funds. But now the agency says those funds can't sustain operations. ...
09.21.2023 The ERC Jumps The Shark with Snoop Dogg Deepfake Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could ...
09.17.2023 Headlines: IRS Freezes ERC The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown, including new criminal probes, longer processing ...
09.13.2023 How Smart Is Intuit's New AI "Intuit Assist" (with Jack Castonguay) This week we dive into the pipeline shortage and the need for more accounting candidates, and discuss Intuit's groundbreaking use of AI in TurboTax and its potential impact on accounting professionals. Guest Jack Castonguay sheds light on FASB's recent announcement ...
09.07.2023 Audits Under Fire: Ex-Big Four Partner Responds to Criticisms Join us for an in-depth conversation with Jerry Maginnis, a retired Big Four audit partner, about the value and criticisms of financial statement audits. Jerry draws on his decades of experience auditing public companies to respond to issues around audit ...
09.06.2023 Improving The Image of Accounting We’ve got an AI-packed episode this week! Ryan Lazanis demonstrates how AI and voice cloning technology can be utilized to streamline the analysis of financial statements. Blake and David examine various applications of AI in accounting, including tools for extracting ...
08.30.2023 Accounting Teacher Tells Students Accountants Hate Their Lives Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. They move on to tech topics, ...
08.25.2023 Mythbusting Substantial Equivalency and Mobility for CPAs with SCACPA The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South Carolina Association of CPAs (SCACPA), joins the show to bust myths ...
08.24.2023 The Future of UX Is... Spreadsheets! & QuickBooks Leader Is New CEO of PayPal In this episode, Blake and David talk app integration frustrations, Gusto's new payroll feature, increased fees for tax professionals, a tragic accident involving an IRS agent, low job fulfillment among accountants, and an employee stock ownership plan at BDO. They ...
08.22.2023 Soft Landing or Hard Fall? Assessing Recession Risks with Liz Wilke, Chief Economist @ Gusto We discuss whether the economy is headed for a soft landing or hard fall with Gusto's Chief Economist Liz Wilke. Topics include: Recession outlook and key indicators like interest rates and inflation Labor shortage impacts on the economy Commercial real ...
08.16.2023 Exploring Solutions to the Accounting Talent Shortage with Jen Cryder, CEO at PICPA Jen Cryder, CEO of the Pennsylvania Institute of Certified Public Accountants, joins Blake and David to discuss the accounting profession's pipeline problems, including the decline in accounting majors and the difficulties of replacing retiring CPAs. Join the discussion on solutions ...
08.14.2023 Earmark Media Presents: Oh My Fraud Today, we have a special bonus episode from our sister podcast, Oh My Fraud. Hosts Caleb Newquist and Greg Kyte speak with Nathan Mueller. As a young person, Nathan was hyper-focused on wanting to make money, which led him to ...
08.10.2023 Is Working From Home Less Productive? & IRS Is (Finally) Going Paperless 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 ...
08.02.2023 Cooking the Books with Barbie: The Downfall of Mattel's Co-Founder & Barbie Inventor In this episode, Blake and David cover the downfall of Mattel's co-founder and Barbie inventor, Intuit's new ad network that allows businesses to target specific audiences using data from QuickBooks Online, and the increasing rate of deficiencies in public company ...
07.26.2023 The Big Money In AI & The Impact of the Ripple Crypto Decision In this episode of The Accounting Podcast, Blake and David discuss the economic impact of Taylor Swift's "The Eras Tour," Microsoft's CoPilot price with AI, the SEC vs Ripple case decision, the launch of FedNow, and a bill proposed by ...
07.20.2023 How To Know If An App Will Survive & Big Tax Prep Sent Taxpayer Data to Facebook This week, Blake and David talk app survival signs, Big Tax Prep sending taxpayer data to Facebook, and the dearth of accountants visible in financials. They cover news from the accounting world, including Jirav's $20 million raise in its series ...
07.18.2023 Review of TurboTax LIVE Full Service Business 2023 for Tax Professionals Join Blake Oliver, CPA, and David Leary as they review using TurboTax Live Full Service for their business taxes. See their candid reactions and feedback as they go through the process of filing their 2022 taxes with TurboTax for the ...
07.14.2023 Building a Remote eCommerce Firm with Meryl Johnston of Bean Ninjas Learn how Meryl built a 30-headcount bookkeeping firm in eight years that can operate without her. We also get Meryl's take on the PwC scandal in Australia. Earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more ...
07.11.2023 15-Year-Old Passes CPA Exam & NY Requires Independent Audits of AI Hiring Processes In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover ...
06.28.2023 How Much Should A CPA Charge For A Business Tax Return? (with Roger Knecht) In this episode of the Accounting Podcast, Blake and David talk to CPA Roger Knecht about how much CPAs should charge for business tax returns. They also touch on the latest news, including Hunter Biden's plea deal for tax charges, ...
06.21.2023 The ROI of IRS Audits \| FedNow Payment Network Launching in July In this episode, Blake and David talk about the lack of audits hurting the profession, alternatives to tracking hours, whether to pursue a CPA or EA, and salary advice for new accountants. Next, they tackle a ton of news including ...
06.15.2023 Introducing "The Accounting Podcast" (why we changed our name) Welcome to the new era of "The Accounting Podcast," formerly known as "The Cloud Accounting Podcast." Why the name change? This show was born out of a passion for technology's role in accounting, and over the last five years, as ...
06.14.2023 AICPA Engage Recap \| Intuit launches GenOS \| PwC scandal in Australia We're back from the AICPA Engage conference sharing takeaways. Also, we're talking about all the latest generative AI developments in accounting, plus the recent PwC scandal in Australia. Sponsors LiveFlow - https://cloudaccountingpodcast.promo/liveflow Zoho - https://cloudaccountingpodcast.promo/zoho Helcim - https://cloudaccountingpodcast.promo/helcim Chapters (00:00) ...
06.09.2023 Building the Next Superapp with David Barrett, CEO of Expensify David is a lifelong programmer who founded Expensify in 2008 and built it into the most popular "pre-accounting" platform on the planet. Hear David's vision for the New Expensify, in which every payment is a conversation. Meet Our Guest: David ...
06.01.2023 IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity Why AICPA's 12-point plan won't solve the CPA crisis; Earnings reports from Intuit, Sage, and Xero; Ramp adds AI features to spend management platform; why grads are ditching jobs at the Big Four; 70% of Gen Z employees would switch ...
05.30.2023 The AI Coming to Microsoft Products for Accountants with Ashley Francis, CPA We're joined by Ashley the CPA (@seattle_tax) to talk about artificial intelligence coming soon to Microsoft products plus all the news you can use at the intersection of accounting and technology. Sponsors ShareFile - https://cloudaccountingpodcast.promo/sharefile Tech Guru - https://cloudaccountingpodcast.promo/techguru Helcim ...

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