The Accounting Podcast

The Accounting Podcast

By Blake Oliver & David LearyNewsNews CommentaryBusiness News
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The Accounting Podcast episodes

  • The Biggest Check You Can Write to The IRS

    Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.

    Sponsors
    LiveFlow - http://accountingpodcast.promo/liveflow
    Relay - http://accountingpodcast.promo/relay
    Client Hub - http://accountingpodcast.promo/clienthub


    Chapters
    • (00:40) - What's the largest check you can write to the IRS?
  • (04:35) - Jeff Bezos could be saving $600 million from moving to Florida
  • (13:41) - Why movie studios are throwing out projects for tax breaks
  • (18:46) - Keenan Thompson's accountant stole $1.5 million from him
  • (24:10) - How much of relationship problems are finance-related?
  • (27:47) - California plans to use AI to help answer people's tax questions
  • (32:00) - PwC UK boss says AI is why workers should be in the office
  • (36:54) - Silicon Valley Bank collapse follow-up and why it could happen again
  • (46:09) - Thanks for listening and check out the Unofficial Quickbooks Accountants Podcast
  •  


    Show Notes

    Warner Bros.' Disgusting Accounting Trick May Find an Opponent in the U.S. Government

    IRS Seeks More Than $1 Billion From SVB for Taxes

    IRS sues FDIC to get $1.45B in SVB back taxes       

    Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit

    California plans to use AI to answer your tax questions

    Jeff Bezos will save over $600 million in taxes by moving to Miami

    The Indicator from Planet Money : NPR  

    Mayweather’s $18 Million Check To The IRS Packs A Punch,
    But Is Under The $100 Million Weight Limit

     

    Jeff Bezos reaps Florida tax benefit with $4B Amazon
    share sale

     

    Young staff need to be in the office because of AI, says
    PwC's UK boss | Accounting Today

     

    Money is the Biggest Relationship Hurdle for 1 in 4
    Couples, Survey Reveals - CPA Practice Advisor

     

    Kenan Thompson Reveals a Crooked Accountant Stole $1.5
    Million From Him During His Nickelodeon Days | Video

     

    When accountants attack: why Netflix is cancelling Halle
    Berry’s new sci-fi movie

     

    Ben Affleck Reportedly Filming The Accountant 2 This Year

     

    FASB Won’t Consider Changes in Securities Accounting
    After Bank Failures - WSJ

    New York Community Bank’s Commercial Real Estate Loan
    Problem May Be Isolated, Experts Say

     

    Banking Crisis Plays Out at America’s Smallest Lenders


    Listener Survey
    Please take our listener survey: https://accounting.show/survey

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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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast:...
    50 min
  • From Carpet Cleaner to CPA: An Accounting Student's Journey

    Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly firm.

    Meet Our Guest, Chayton Farlee

    LinkedIn: https://www.linkedin.com/in/chaytonfarlee/


    Listener Survey
    Please take our listener survey: https://accounting.show/survey


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast

    Classifieds

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    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    23 min
  • Beware of E-Filing Your Tax Return

    Blake and David discuss a wealth of timely topics, including the risks of filing taxes electronically versus by mail, the impact of the 150-hour rule on diversity in the accounting profession, and how major accounting firms are turning to private equity funding to accelerate growth. They also explore news from the artificial intelligence space, including Google's unveiling of Gemini, as well as ADP's new AI assistant, and examine how deepfake video calls enabled the theft of $25 million.

    Sponsors
    Relay - http://accountingpodcast.promo/relay
    FreshBooks - http://accountingpodcast.promo/freshbooks
    Airbase - http://accountingpodcast.promo/airbase


    Chapters
    • (00:29) - Welcome to the show
  • (02:26) - Finance worker pays $25 million after video call with a deep fake of company CFO
  • (07:56) - Is QuickBook taking tax accountants' jobs?
  • (15:25) - Three AI accounting startups raise money funding round
  • (22:42) - Baker Tilly is now private-equity-owned
  • (25:00) - How much do the Big 4 spend on lobbying?
  • (28:09) - The Wall Street Journal's terrible opinion piece of E-filing
  • (34:42) - 13 states are suing the IRS for direct file system
  • (36:32) - MIT study on effects of 150-hour rule
  • (41:24) - Dual licensed CPAs and CMAs earn almost $40k more per year
  • (44:13) - Google releases Gemini and is retiring BARD
  • (48:29) - ADP launches ADP Assist
  • (51:44) - Gemini also now does AI art
  • (54:21) - Thanks for listening and please fill out our survey
  •  


    Show Notes

    Finance Employee Defrauded for $25M by Deepfake CFO

    Dual Certifications Mean Big Bucks for Accountants - CPA Practice Advisor

    Baker Tilly US gets PE investment | Accounting Today

    Big Four Lobby Congress on Accounting Pipeline, AI, Crypto

    Beware of E-Filing Your Tax Return

    QuickBooks Live Tax Update: Understanding QuickBooks customers use of tax prep services

    Accounting software startup Pennylane becomes France’s latest unicorn | TechCrunch

    Google’s Gemini is now in everything. Here’s how you can try it out.

    Accounting body tells members to make annual pledge to be ethical    

    Platform Accounting Group gets $85M funding round   

    Finally, now with $10M, adds AI for better insight into small business accounting    

    AI Will Be Doing More Accounting If Startup Investors Have Their Way    

    ADP launches ADP Assist genAI assistant    

    Republican attorneys general denounce IRS free file pilot as rival to products like TurboTax    

    Higher tax filing costs could take a bite out of your refund    

    DataSnipper, startup that uses AI to eliminate some of the ‘dread’ in accounting, is valued at $1 billion in latest funding round    

    Platform Accounting Group Secures $85 million in Funding Led by Cynosure Group    

    Finally Raises $10 Million to Expand Small Business Automation Solutions    

    Finally, the AI-Powered Accounting & Finance Suite, Closes $10M Raise to Propel SMB Growth Forward    

    France gains a new unicorn as Pennylane raises €40m    

    QuickBooks Live Tax Update     

    Beware of E-Filing Your Tax Return    

    DataSnipper Raises $100M at $1B Valuation to Empower Auditors with AI    

    Big Four Lobby Congress on Accounting Pipeline, AI, Crypto    

    Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’    

    I'm an Accountant and Here's Why I'd Never File My Taxes Online — Best Life 


    Listener Survey
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    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver ...

    58 min
  • Building a Bank for Accountants and Small Businesses

    Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture. The discussion turns to best practices for incorporating technology like Relay into accounting practices to solve client problems and the importance of understanding client pain points.

    Meet Our Guest, Yoseph West

    LinkedIn: https://www.linkedin.com/in/yosephwest/
    Twitter: https://twitter.com/bankwithrelay
    Facebook: https://www.facebook.com/bankwithrelay
    Instagram: https://instagram.com/bankwithrelay


    Learn more about the Relay Partner Program: 

    https://www.relayfi.com/advisor-partner-program?referralcode=acctpod&utm_source=ab&utm_medium=podcast&utm_campaign=abpartnerprogram

    Disclaimer:
    Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted

    Listener Survey
    Please take our listener survey: https://accounting.show/survey


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    31 min
  • What to Do if You Can't Find an Accountant for Tax Season

    CNBC tells taxpayers to seek out EAs if they can't find a CPA, crypto fraud by a pastor who claims God told him to do it, issues with IRS taxpayer notices and filing, accounting irregularities at agricultural giant ADM send the stock plummeting, CPA reciprocity is a pain, AI updates including Microsoft Mesh VR meetings in Teams, FTC forcing TurboTax to stop advertising as "free," Wave’s new paid subscription model, and the liquidation threat facing massive Chinese developer Evergrande.

    Sponsors
    LiveFlow - http://accountingpodcast.promo/liveflow
    Zoho - http://accountingpodcast.promo/zoho
    Client Hub - http://accountingpodcast.promo/clienthub


    Chapters
    • (00:29) - Welcome to the show
  • (01:16) - CNBC article on what to do if you can't find a CPA to do your taxes
  • (06:09) - Trump tax leaker sentenced to 5 years in prison
  • (07:42) - FTC rules Intuit can no longer advertise their product as free
  • (11:48) - H&R Block and Intuit are suing each other and each one's AI
  • (16:31) - Brex is cutting 20% of their staff
  • (18:51) - Microsoft Mesh and virtual reality meetings
  • (22:06) - Wave introduces paid pro plan
  • (23:57) - Microsoft passes Apple as the world's most valuable company
  • (27:53) - Blake reads a few live viewer comments
  • (28:49) - ADM suffers big stock drop amid accounting investigation
  • (32:44) - Pastor charged with cryptocurrency fraud
  • (35:16) - FTX has amassed $4.4 billion by selling cyrpto assets
  • (36:35) - Tingo fraud update and correction
  • (41:24) - Iowa CPA survey shows CPAs support alternative pathways to license besides 150-hour requirement
  • (48:02) - A few IRS stories
  • (55:52) - Blake teases China and Evergrande story
  • (57:10) - Wrap up and please fill out our listener survey
  •  


    Show Notes

    SEC Charges Tingo Mobile Founder, Three Companies with Massive Fraud and Obtains Emergency Relief


    Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It - The New York Times


    Accounting investigation under way at ADM and its top financial executive has been placed on leave | AP News


    Here's what to do if you can’t find an accountant for tax season


    Former IRS Contractor Sentenced for Disclosing Tax Return Information to News Organizations | United States Department of Justice


    TurboTax Can No Longer Advertise Products as Free, F.T.C. Says


    H&R Block launches AI tax filing assistant - The Verge


    TurboTax bolsters support options, both human and AI


    Brex cuts 20% of staff amid reports of stalled growth, high burn | TechCrunch


    Bring virtual connections to life with Microsoft Mesh, now generally available in Microsoft Teams


    Investors see Microsoft's stock market value leaving Apple behind


    Input steers CPA licensure pathways recommendation - Iowa Society of CPAs


    Listener Survey
    Please take our listener survey: https://accounting.show/survey

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds
    REFRAME WORKSHOP - https://www.reframe2024.com/
    Royalwise - https://royalwise.com/partner
    Forwardly - https://www.forwardly.com/
    The CAS Cache -

    1 hr 1 min
  • Listener Mail: Finding Balance with Tech & CPA Pipeline Problem

    This week, Blake and David Leary sort through the mail and respond to a variety of listener emails and voicemails. Amongst the topics covered, they explore working as a TurboTax preparer to barriers faced by career-changers entering public accounting. They go on to debate the root causes behind accounting's heavy workloads and offer perspectives on how licensing rules and firm profitability shape experiences.

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    A2 Advisors - http://accountingpodcast.promo/luke
    Earmark - https://earmarkcpe.promo/EarmarkMediaKit


    Chapters
    • (00:04) - Welcome to the show and some personal updates from David and Blake
  • (06:37) - A TurboTax expert tells us why she loves her job
  • (14:17) - Tyler writes in about the pipeline problem
  • (21:33) - Looking at other career certification requirements as inspiration for CPA change
  • (24:27) - CPA mobility and reciprocity
  • (34:12) - Bank statements are the norm for getting any loan in Puerto Rico
  • (36:17) - The CPA profession is the transmission of a car
  • (40:11) - Accountant's starting salaries are the biggest pipeline problem
  • (49:13) - Blake checks in with the live chat
  • (53:00) - Creating a "paralegal" type license in the accounting field
  • (54:33) - Ways to mitigate busy season
  • (57:51) - Wrap up and remember to send us your thoughts and stories
  •  


    Show Notes

    Coming soon!

    Listener Survey
    Please take our listener survey: https://accounting.show/survey

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds
    REFRAME WORKSHOP - https://www.reframe2024.com/
    Royalwise - https://royalwise.com/partner
    Forwardly - https://www.forwardly.com/

    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

    1 hr 1 min
  • How To Take The Pain Out Of Busy Season

    Blake and David discuss the challenges of busy season and achieving work-life balance as accountants. They also debate the value and investment risks of cryptocurrency and analyze global economic impacts like outflows from China's economy. They also review some of the latest AI trends including self-driving vehicle safety data, and examine some recent news regarding a software error falsely accusing hundreds, an SEC crypto ETF approval, and a feel-good small town tax budget balanced without rate hikes thanks to a new accounting system implementation. Grab your favorite snack and have a listen!

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    FinDaily - http://accountingpodcast.promo/findaily
    Client Hub - http://accountingpodcast.promo/clienthub


    Chapters
    • (00:31) - Welcome to the show. Blake has been traveling
  • (06:03) - How can accountants attract lifelong customers
  • (08:58) - KPMG working to reduce late hours and weekend work
  • (13:59) - UK coffee shop introduces subscription pricing
  • (17:45) - Are accounting tech jobs more balanced?
  • (19:40) - We did a bonus interview with Rightworks and more AI updates
  • (22:23) - Waymo caused accidents vs human drivers
  • (26:20) - Are AI-caused layoffs coming?
  • (28:10) - The SEC approves crypto ETFs
  • (31:33) - NYT story on NYU student's $6 million crypto mine
  • (36:16) - Update on UK Postal scandal and Fujitsu
  • (40:33) - An estimated $50 billion per month moved out of China in 2023
  • (43:26) - Hydroxychloroquine and putting numbers in perspective
  • (46:46) - David's personal information may have been leaked in the Framework leak
  • (48:40) - GM suing the city of San Francisco over taxes
  • (50:55) - Small Pennsylvania town cancels tax hikes after new accounting system finds unaccounted revenue
  • (51:57) - Thanks for listening and remember to subscribe
  •  


    Show Notes

    KPMG looks to take some of the pain out of the auditing ‘busy season’

     

    OpenAI debuts ChatGPT subscription aimed at small teams | TechCrunch

     

    Comparison of Waymo Rider-Only Crash Data to Human Benchmarks at 7.1 Million Miles

     

    Expanding Copilot for Microsoft 365 to businesses of all sizes

     

    A third of companies have already laid off workers due to AI

     

    This N.Y.U. Student Owns a $6 Million Crypto Mine. His Secret Is Out. - The New York Times

     

    SEC Approves Bitcoin ETFs for Everyday Investors

     

    Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China. - The New York Times

     

    Hydroxychloroquine could have caused 17,000 deaths during Covid, study finds

     

    GM blasts San Francisco in lawsuit over $108M tax bill

     

    OpenAI debuts small team ChatGPT subscription

     

    Intuit sues H&R Block over marketing claims it says are false, misleading

    The role of auditors in the Post Office scandal: A need for greater accountability?  

    Framework email customers for data breach from accounting partner getting phished

    Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'        

    Report: 25% of CEOs Expect AI to Lead to Job Cuts in 2024           

    Expanding Copilot for Microsoft 365 to businesses of all sizes 


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Listener Survey
    Please take our listener survey: https://accounting.show/survey

    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.

    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com

    Limited edition shirts, st...

    54 min
  • Pay Transparency Website Levels Playing Field for Accountants

    Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points. In the episode, we discuss the value of using the platform for salary negotiation. Dominic also highlights trends in accounting salaries, the impact of job hopping on earnings, and the relationship between work environment and job satisfaction.


    Meet Our Guest, Dominic Piscopo

    LinkedIn: https://www.linkedin.com/in/dopiscopo/


    Learn more about Big4Transparency.com

    Website: https://www.big4transparency.com/

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    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.


    Sponsorships

    Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    25 min
  • Survey Says 80% of CPAs Support Alternatives to 150 Hours

    Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures, and the impacts of the talent shortage illustrated by delayed government audits in Wyoming. Wrapping things up, some reflections on the need for major reforms in auditing and regulation of the accounting profession. All this and more, right here, right now!

    Sponsors
    Zoho - http://accountingpodcast.promo/zoho
    Relay - http://accountingpodcast.promo/relay
    Client Hub - http://accountingpodcast.promo/clienthub


    Chapters
    • (00:29) - Blake goes over the Arizona Society of CPA's survey results
  • (05:11) - Do 150-hour employees do better work?
  • (08:40) - Are firms facing an accounting shortage?
  • (12:36) - Did you know Nikki Haley was an accountant?
  • (14:22) - Deloitte audit failure in Nigeria
  • (27:29) - Certified Pastry Aficionado
  • (29:31) - Tsunami miracle baby, now 19, pursuing an accounting degree
  • (31:15) - Fujitsu, Horizon, and the disgusting postal worker prosecution failure by the UK government
  • (45:26) - Blake checks in on the live chat
  • (48:55) - Going Concern: Wyoming firm faces staffing shortage in critical government audits
  • (52:25) - Download Earmark. Earn free CPE for listening
  •  

    Show Notes

    Arizona CPA Society releases 150-hour survey results

    https://www.ascpa.com/news/ddf50a1e-70cc-4d5b-9e00-cc9c5f82c17e:az-cpa-januaryfebruary-2024


    How Deloitte missed a massive Nigerian company fraud

    https://www.forbes.com/sites/brandonkochkodin/2024/01/10/how-auditor-deloitte-missed-a-nigerian-companys-massive-fraud/?sh=49b6cce059f4


    Tsunami miracle baby now majoring in accounting

    https://www.nst.com.my/news/nation/2023/12/994163/tsunami-miracle-baby-now-19-pursues-accounting-degree-nsttv


    Only two firms in Wyoming can do government audits, and one can’t do its job

    https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/

    There Are Only Two Firms in Wyoming That Can Do Government Audits and One Can’t Do Its Job Because of Staff Shortages            

    https://www.goingconcern.com/there-are-only-two-firms-in-wyoming-that-can-do-government-audits-and-one-cant-do-its-job-because-of-staff-shortages/

     

    Revealed: The Fujitsu fat cats who pocketed huge salaries while its flawed Horizon accounting system ruined...

    https://www.dailymail.co.uk/news/article-12948671/The-Fujitsu-fat-cats-pocketed-huge-salaries-flawed-Horizon-accounting-ruined-lives-thousands-postmasters-wrongly-accused-stealing-Post-Office-emerges-charge-government-contracts.html

     

    What should accounting technology providers learn from the Post Office Horizon scandal?

    https://www.accountancyage.com/2024/01/09/what-should-accounting-technology-providers-learn-from-the-post-office-horizon-scandal/

     

    Plans to legislate for resolution of Post Office accounting scandal

    https://www.accountancydaily.co/plans-legislate-resolution-post-office-accounting-scandal

     

    Post Office under criminal investigation for potential fraud over Horizon scandal

    https://www.theguardian.com/uk-news/2024/jan/05/post-office-criminal-investigation-potential-horizon-accounting-fraud

     

    Some 86 people have seen their convictions for false accounting and theft overturned

    https://curated.tncontentexchange.com/partners/afp/the-firm-created-faulty-accounting-software-that-saw-subpostmasters-wrongly-convicted-of-theft/image_383af729-fda2-517c-b5ff-85afffefb214.html

     

    UK police launch fraud inquiry over post office IT scandal

    https://www.themountaineer.com/news/national/uk-police-launch-fraud-inquiry-over-post-office-it-scandal/article_72e76f8b-7e6f-55ad-9605-93183aefb01e.html

     

    How the Post Office’s Horizon system failed: a technical breakdown

    https://www.theguardian.com/uk-news/2024/jan/09/how-the-post-offices-horizon-system-failed-a-technical-breakdown

     

    Bad software sent postal workers to jail, because no one wanted to admit it could be wrong

    https://www.theverge.com/2021/4/23/22399721/uk-post-office-software-bug-criminal-convictions-overturned

     

    Post Office warned of software flaw in 2006, but failed to alert subpostmaster network

    https://www.computerweekly.com/news/252514110/Post-Office-warned-of-software-flaw-in-2006-but-failed-to-alert-subpostmaster-network

     

    Post Office spunks fresh £36m on Fujitsu after cloud fail  

    https://www.thestack.technology/post-office-fujitsu-extension/

     

    When did the Post Office scandal start? Timeline of key events

    https://www.thetimes.co.uk/article/when-post-office-scandal-start-happen-timeline-of-key-events-2q23bhm2c

     

    Briefing presumption that comp...

    57 min
  • AI for Accountants - Exploring Rightworks Spark

    Blake and David meet up with TJ Lewis and Aaron Van Ruler from Rightworks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other Rightworks products.

    Meet Our Guests
    TJ Lewis, Innovation Strategist, Rightworks

    LinkedIn: https://www.linkedin.com/in/tj-lewis/

    Aaron Van Ruler, Innovation Strategist, Rightworks
    LinkedIn: https://www.linkedin.com/in/avanruler/


    Learn more about Rightworks

    https://ai.rightworks.com/


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    Transcripts

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    32 min

About The Accounting Podcast

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The most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the…

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