The Accounting Podcast

Will California Be First to Deconstruct the 150 Hour Rule?


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Blake and David, joined by guest Amber Setter, dive into the California Board of Accountancy's move to create legislation for an alternative to the 150-hour rule for CPA licensure. They discuss the potential impact on the accounting profession, the need for modernization, and the challenges faced by aspiring CPAs. The conversation also touches on various industry updates, including firm mergers, government accounting practices, and the role of AI in the profession.

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Chapters
  • (00:43) - California Board of Accountancy's New Legislation
  • (04:49) - California Survey Results and Implications
  • (06:50) - Challenges and Opportunities in CPA Licensure
  • (08:34) - California's Legislative Efforts and Broader Impacts
  • (10:41) - AICPA's Response and Pipeline Issues
  • (17:01) - Thank You to Our Sponsor, LiveFlow
  • (18:48) - Major Accounting Firm Merger: CBiz and Marcum
  • (22:51) - Pentagon's Ukraine Accounting Error
  • (25:42) - Intuit's Blog Post on AI Use During Tax Season
  • (27:35) - AI Innovations in Tax Compliance and Document Collection
  • (31:47) - Promoting Accounting as a Career
  • (35:42) - Thank You to Our Sponsor, Lendflow
  • (40:15) - The Appeal of Early Retirement in Accounting
  • (41:27) - Promoting Government Accounting Jobs
  • (42:46) - Listener Mail: Critiques and Suggestions
  • (45:21) - Career Advice for Aspiring Accountants
  • (46:24) - Thank You to Our Sponsor, The Ambitious Bookkeeper
  • (48:05) - The Value of Practical Accounting Education
  • (50:34) - The CGMA Designation
  • (56:47) - Thank You to Our Sponsor, Practice Protect
  • (58:29) - Government Budgeting and Lost Funds
  • (01:02:22) - The Future of the CPA Profession
  • (01:07:29) - Outsourcing and Final Thoughts
  •  


    Show Notes

    CBA Meeting Recap – July 25 & 26, 2024

    https://www.youtube.com/watch?v=jwrHaReBrIY

     

    Marcum to be Acquired by CBIZ

    https://www.latimes.com/b2bpublishing/business-announcements/story/2024-08-01/marcum-to-be-acquired-by-cbiz

     

    Pentagon finds another $2 billion of accounting errors for Ukraine aid

    https://www.reuters.com/world/us/pentagon-finds-another-2-billion-accounting-errors-ukraine-aid-2024-07-25/

     

    How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax season

    https://www.intuit.com/blog/innovative-thinking/tech-innovation/how-intuit-transformed-tax-filing-experiences/

     

    Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners

    https://newsroom.avalara.com/2024-08-01-Avalara-Adds-Generative-Chat-to-Bolster-Support-and-Product-Experiences-for-Customers-and-Partners

    ‘I walked away from my $170K job’: This accountant quit at 41 to live off dividends from his $1.25 million portfolio — here's what it would take for you to do the same

    https://moneywise.com/investing/stocks/accountant-quit-live-off-dividends-portfolio

     

    Chartered Accountants - The Accountants - 45" Video

    https://www.youtube.com/watch?v=hma6ce-KT3I


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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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    Transcripts

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    The Accounting PodcastBy Blake Oliver & David Leary

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