AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem - a podcast by David Leary & Blake Oliver, CPA
from 2023-02-14T21:33:28
We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project
Sponsors
OnPay - https://cloudaccountingpodcast.promo/onpay
Relay - https://cloudaccountingpodcast.promo/relay
First Republic Bank - https://cloudaccountingpodcast.promo/firstrepublic
Need CPE?
Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe
- (00:00) - Thank you to our sponsor, OnPay
- (00:19) - Preview:
- (01:01) - Introduction and some of what we'll cover this episode
- (03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
- (10:30) - AICPA's town hall
- (16:43) - Thank you to our sponsor, OnPay
- (18:01) - Checking in on our live chat
- (21:12) - Matt asks for ideas on how he should obtain his 150 hours
- (27:47) - Thank you to our sponsor, Relay
- (29:55) - Accounting Today article on CPA exam pass rates falling in 2022
- (35:59) - GAO says IRS gave up on computer systems upgrade
- (39:49) - Thank you to our sponsor, First Republic Bank
- (40:35) - Republican bill to abolish the IRS
- (43:15) - Lets talk about Adani Group's auditors
- (46:20) - Tether releases latest attestation report
- (48:51) - Nikole's voicemail and the Accounting High bracket
- (51:32) - Company holds "funeral" for QuickBooks
- (53:35) - Blake reads some listeners comments and feeback
- (58:05) - Wrap up and the CAP is going ti Expensicon!
- (59:46) - Classifieds
- (59:48) - Client Hub
- (01:00:24) - RightTool
- (01:00:46) - Federal Tax Updates Podcast
- (01:01:59) - How to advertise in these classifieds
Show Notes
How Can We Make Accounting Cool? - WSJ
https://www.wsj.com/articles/how-can-we-make-accounting-cool-11675973909
If You Let 23-Year-Olds Sign Off on Audits, You're Gonna Have a Bad Time
https://www.goingconcern.com/adani-group-auditors/
Why there's a national shortage of accountants
https://www.marketplace.org/2023/02/07/as-tax-season-approaches-accounting-firms-are-short-on-staff/
Biden Vows to Veto GOP Plan to Abolish the IRS
https://www.cpapracticeadvisor.com/2023/02/02/biden-vows-to-veto-gop-plan-to-abolish-the-irs/76458/
Controller - National Women's Soccer League (New York · NY)
https://www.teamworkonline.com/soccer-jobs/nwslsoccer/nwsl-league-office/controller-2034269
What’s New in FreshBooks – 2023
https://www.freshbooks.com/blog/product-updates-2023
Self-employed bookkeeping platform Hnry books $35 million Series B
McDonalds Presidents Says California FAST Act Will Kill Restaurants
New York Requires Disclosure in Small Businesses Financing
Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog
The 15 largest banks in the US
https://finance.yahoo.com/news/15-largest-banks-us-160040404.html
Football, lifeguarding, college and accounting
https://hoganstand.com/article/index/326378
Password Managers – An Insightful Accountant Software Comparison
IRS more likely to audit Black taxpayers
https://www.accountingtoday.com/news/irs-more-likely-to-audit-black-taxpayers
Press Release- February 1, 2023: Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financing
https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011
Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationship
US Bank launches automated direct deposit switching
Chase to Expand Small Business Banking Workforce by 20%
How Can We Make Accounting Cool? - WSJ
https://www.wsj.com/articles/how-can-we-make-accounting-cool-11675973909
Passing or failing? Pass rates for CPA exam fell in 2022
https://www.accountingtoday.com/news/passing-or-failing-pass-rates-for-cpa-exam-fell-in-2022
How inclusive is your accounting firm?
https://www.accountingtoday.com/opinion/how-inclusive-is-your-firm
AICPA proposes extensive tax changes to Congress
https://www.accountingtoday.com/news/aicpa-proposes-extensive-tax-changes-to-congress
Tether Releases Attestation Report Showing $960M Excess Reserves
The Quickbooks And The Dead
https://www.realclearmarkets.com/2023/02/09/the_quickbooks_and_the_dead_880636.html
Tax Policy in Biden’s 2023 State of the Union Address
https://taxfoundation.org/biden-state-of-the-union-tax-proposals/
Watch for accidental fraud, forensic accounting expert says
https://www.cfodive.com/news/watch-accidental-fraud-author-says/642358/
Accounting Services: The Talent War
https://www.lanereport.com/162724/2023/02/accounting-services-the-talent-war/
Most accounting professionals want more mental health help: study
Finzly Launches API Giving Developers Access to FedNow Service
Growblocks Raises $6M to Help Businesses Forecast Revenues
Gusto lays off 5% of staff
https://www.accountingtoday.com/news/gusto-lays-off-5-of-staff
Students learn all about accounting at High School Leaders Conference at UM-Dearborn
Don’t Let Clients Dictate Tax Workflow
https://cpatrendlines.com/2023/02/07/dont-let-clients-dictate-tax-workflow/
Center Your Firm Around Your Client
https://cpatrendlines.com/2023/02/03/center-your-firm-around-your-client/
How Marketing in Accounting Has Evolved
https://cpatrendlines.com/2023/02/03/how-marketing-in-accounting-has-evolved/
Jobber fixes on $100M as its platform for home services pros hits ...
Are SMBs invited to the business intelligence (BI) party?
https://www.cio.com/article/453900/are-smbs-invited-to-the-business-intelligence-bi-party.html
H&R Block went through 6 CEOs in a decade. Its latest chief exec is a marketing whiz with plans to claw back market share: ‘We were kind of that dusty place on the corner’
https://fortune.com/2023/02/03/hr-block-ceo-taxes-growth-gig-workers-freelance-small-business/
IRS tells taxpayers in some states to wait to file taxes
There’s a surprising culprit behind mass layoffs, says a prominent management professor at Wharton
Americanas' $4B Accounting Scandal Puts More Scrutiny on PwC's ...
https://www.insurancejournal.com/news/international/2023/02/08/706637.htm
AICPA publishes audit risk guide
https://www.accountingtoday.com/news/aicpa-publishes-audit-risk-guide
CoinTracker unveils real-time crypto tax advice from live experts
IRS dropped plans to modernize some of its outdated systems
https://www.accountingtoday.com/news/irs-dropped-plans-to-modernize-some-of-its-outdated-systems
Accounting students provide volunteer income tax filing services to ...
Intuit study reveals Gen Z doesn't want to talk about finances
https://www.atmmarketplace.com/news/intuit-study-reveals-gen-z-doesnt-want-to-talk-about-finances/
The past and future of accounting
https://www.accountingtoday.com/podcast/the-past-and-future-of-accounting
Senators demand an accounting of how ServSafe fees are used
Talent acquisition: AICPA chair hears student voices, shares strategies
Inkle Raises $1.5M to Power Tax & Accounting for US Cross-border ...
Does ChatGPT have any of the answers for accounting?
OakNorth set to close Fluidly following 2021 acquisition
https://www.altfi.com/article/10379_oaknorth-set-to-close-fluidly-following-2021-acquisition
Lawyers wanted at the IRS
https://www.accountingtoday.com/news/lawyers-wanted-at-the-irs
Fluidly to close its doors in April
https://www.accountingweb.co.uk/tech/accounting-software/fluidly-to-close-its-doors-in-april
Simu Liu praised for giving advice on accounting, burnout and ...
https://www.independent.co.uk/life-style/simu-liu-twitter-advice-b2275858.html
Eller College scholarship aims to promote diversity in accounting
https://azbigmedia.com/business/eller-college-scholarship-aims-to-promote-diversity-in-accounting/
iwocaPay Becomes the First Invoice Checkout Integration with Buy Now, Pay Later Option for Businesses that Integrate with QuickBooks
Tax And Accounting SaaS Startup Inkle Raises $1.5 Million
AICPA Town Hall: AICPA’s 8-point human capital pipeline plan
https://townhall.libsyn.com/ath/aicpas-8-point-human-capital-pipeline-plan
US Bank launches automated payroll deposit feature for new accounts
Get in Touch
Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040
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
- Podchaser: http://cloudacctpod.link/podchaser
- Spotify: http://cloudacctpod.link/Spotify
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
- YouTube: https://www.youtube.com/c/CloudAccountingPodcast
Classifieds
Client Hub - https://clienthub.app/
RightTool for QuickBooks Online - https://righttool.app
Federal Tax Updates podcast - https://federaltaxupdates.com/
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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.
Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd
Full Transcript Available Upon Request: info@cloudaccountingpodcast.com
Further episodes of The Accounting Podcast
Further podcasts by David Leary & Blake Oliver, CPA
Website of David Leary & Blake Oliver, CPA