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Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; 57:50) - Blake co-wrote an article for CPA Practice Advisor (01:02:31) - Wrap up and where to reach us Need CPE?
The CPA profession faces an identity crisis, with challenges in the candidate pipeline, non-attest services' role, and CPE's effectiveness. This webinar explores the impact of the fifth-year requirement, the value of consulting services, the need for engaging CPE, and the use of the CPA designation in non-traditional roles.
billion error (11:30) - Blake and David talked to Linda about alternative CPA pathway (15:37) - Blog Post on NASBA website on CPA pipeline problem (19:11) - Are salaries the bigger issue? (21:24) Show Notes Texas Close to Allowing CPA Candidates to Test with 120 Credits [link] South Carolina's Top Accountant to Step Down After $3.5
They also talk about an accounting reference in the new Trolls movie and the need for more diverse and positive CPA portrayals in media. 28:25) - Berkshire Hathaway lawsuit (38:51) - SmileDirectClub declares bankruptcy (45:37) - Thoughts on accountants doing IT audits (51:03) - How much money do Americans need to be happy? (01:04:24)
(13:59) - Breakdown on how the IRS plans to spend that money (24:01) - Tax advice from TikTok (34:39) - What is the accounting pro's role in advising a client on taxes (37:47) - Accounting Today's April Fools Day post (39:40) - Minnestoa CPA Society gets a big supporter in CLA on the 150 rule (45:39) - Should we move the tax deadlines? (49:56)
Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes KPMG pens deal with MindBridge to apply AI to digital audits | Accounting Today [link] We ran the CPA exam through ChatGPT and it failed miserably | Accounting Today [link] I Cloned Myself With AI.
CPA firms play a critical role in today’s complex financial landscape. They provide essential services ranging from audits and tax preparation to consulting and advisory services. However, operating a successful CPA firm comes with its fair share of challenges.
Audit is at a crossroads. Join Alan Anderson and Blake Oliver as they tackle pressing questions on audit's failure to innovate and chart a new direction focused on value-added assurance. Discover what’s at stake if audit no longer matters and how leadership today can write a better tomorrow. How can assurance stay relevant?
Blake and David discuss a controversial TurboTax ad campaign encouraging people to "break up" with their tax professionals, analyze survey data on AI adoption in accounting firms, and critically examine proposed changes to CPA licensure requirements. Let the listeners of The Accounting Podcast know by running a classified ad.
As a CPA firm, you already know that tax season brings the need for organization, meticulous attention to detail, and efficient processes to ensure success. CPA firms grappling with staff shortages may find these challenges even more daunting. The good news is CPA firms can prepare for a smooth tax season.
Impact of CPE on Certification If a CPA does not meet the CPE requirements of the governing state board of public accountancy, there is usually a requirement to make up the missing training time. If this does not happen within a reasonable period of time, then the person's CPA certificate is revoked.
link] 52:32 – Reckon sells accounting division for $100m [link] 53:30 – Audit and accounting software company Caseware rebrands [link] 54:22 – This Seattle startup backed by American Express wants to be the 'LinkedIn of accounting' – GeekWire [link] Get in Touch Thanks for listening and for the great reviews!
We discuss how it will impact tax preparation and the diligence required to avoid invalid/fraudulent ERC claims, the bookkeeping and accounting changes to accommodate the moratorium, and the effects on audits. Arellano, CPA PFS CGMA LinkedIn: [link] Need CPE? Arellano, CPA PFS CGMA LinkedIn: [link] Need CPE?
Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. 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!
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. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
Anthony shares his journey from audit to tax and eventually to valuation, highlighting the importance of soft skills and effective communication in advisory roles. He also provides valuable insights into the day-to-day life of a valuation professional and offers advice for young CPAs interested in pursuing this career path.
They also get into Minnesota's CPA licensure bill for 150-hour requirement alternatives and KPMG's audit findings on the Department of Education and the cost of the federal student loan program. Show Notes Could CPAs telling their stories be the key to attracting Gen Zers to accounting? The new Earmark app is coming soon!
Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for small businesses. Let the listeners of The Accounting Podcast know by running a classified ad.
In our 400th episode, Blake and David dive into the controversial world of audit quality and Big Four accounting firms. They also discuss a listener's critical email about their audit coverage, explore recent audit failures and deficiencies, and debate the underlying incentives in the audit industry.
They also discuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms. They also discuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms.
They dive into the murky waters of corporate financial controls and audit practices. Get an insider's perspective on the 150-hour CPA licensing requirement and hear ideas for reform that could revolutionize the profession. (33:23) They dive into the murky waters of corporate financial controls and audit practices.
Wrapping things up, we’ve got listener questions about the value of CPA licenses and growing advisory services in accounting firms. Wrapping things up, we’ve got listener questions about the value of CPA licenses and growing advisory services in accounting firms.
We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
Billion Deal for Melio [link] Bill Holdings stock sinks amid report of $1.95B deal talks for Melio. Let the listeners of The Accounting Podcast know by running a classified ad. Billion Deal for Melio [link] Bill Holdings stock sinks amid report of $1.95B deal talks for Melio.
Continuing Professional Education (CPE) is required for CPAs to maintain their professional competence and provide quality accounting services. With the end of the year rapidly approaching, we know that some CPAs are trying to find time to fulfill their remaining CPE credits for the year.
Cloud-Based Accounting Accounting & CPA firms earn higher year-after-year revenue and acquire 5X more customers with cloud-based accounting. CPA firms and businesses have been using it for years, but now it is more prevalent than ever. CPA firms can deliver efficient services to their clients while saving costs.
18:45) - Smaller firms are the ones really impacted by this talent shortage (20:04) - PCAOB says 40 percent of 2022 audits are deficient (24:35) - What are the things younger accountants are really complaining about? (30:34) (13:28) - Are substantial equivalency and mobility really a roadblock? (18:45)
09:13) - Tell us more about the Padgett REtreat (10:41) - What are some ways to think about raising your prices? (13:44) Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? 09:13) - Tell us more about the Padgett REtreat (10:41) - What are some ways to think about raising your prices? (13:44)
Watch the webinar below! Think about Your Licensure Requirements Day to day, we’re seeing that firms still have an appetite for hiring a CPA. Accountants still see the value of the CPA license, but busy season hours prevent them from investing the time to do that. But you’re not them and that’s why you’re here.
workers and the potential implications for audit quality. workers and the potential implications for audit quality. Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10% less than U.S.
(21:15) - Thank you to our sponsor, Zoho (22:40) - Not enough firms are offering remote work (25:38) - Accountants don't need help getting clients (27:56) - Blake shares a story about his friend switching firms (29:44) - Blake shares a chart from CPA Trendlines (33:35) - What is the starting salary for a CPA at a medium to large firm? (37:16)
Guest Randy Crabtree of The Unique CPA podcast; the UK has an accountant turnover crisis, too; should accountants unionize? trained by a CPA [link] Google adds a new way to block calendar spam. Field service app Jobber raises $100 million and more! Sponsors SuiteFiles - [link] LiveFlow - [link] Anchor - [link] Need CPE?
link] 29:46 – Matt Foreman on Twitter: "Tell me you’re taking incredibly aggressive tax positions that won’t withstand audit without saying you’re taking incredibly aggressive tax positions that won’t withstand audit. I’m looking at you @sweatystartup [link] 49:12 – How the FedNow(SM) Service will work [link] Federal Reserve Gov.
Go here to create your classified ad: [link] Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Firm staff of future won't have a degree or have a CPA; KPMG exits #SmallBiz CAS, sells Spark to Decimal; The so-called "Best Tax System on Earth"; Intuit Q1 conference-call nuggets; a live AI performance, and much more!
We also explore positive aspects of the accounting profession and address the need for critical changes like higher salaries and re-evaluating the audit process. We also explore positive aspects of the accounting profession and address the need for critical changes like higher salaries and re-evaluating the audit process.
in taxes from millionaires [link] 31:55 - IRS audits of millionaires plunged 72% [link] 32:43 - IRS Has Recruiting Problems, Too [link] 34:56 - ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Thank you, Adam CPA! Get in Touch Thanks for listening and for the great reviews! We appreciate you! billion) means for you.
link] How CPA firms can get focused in the next 30 days [link] MDU Resources Teen of the Week: Glen Ullin volleyball player is set. million bill that caused it to quit the cloud [link] Accountant must repay employer after software shows ‘time theft’ [link] George Clooney to Headline Expensicon 2023 [link] U.S.
Sponsors Rippling: [link] DEXT: [link] Dark Horse: [link] Show Notes 5:29 – Blake talks about his visit to the Institute of Management Accountants in Texas, his interview with IMA President Jeff Thomson, and gives more detail on the upcoming Earmark CPA! Full Transcript Available Upon Request - info@cloudaccountingpodcast.com Welcome!
We’ve got news from Gusto, Audit Sight, and Xero, as well. [link] 10:15 – Scaling New Heights 2022: Thrive [link] 11:13 – Parker Conrad’s Rippling is now valued at $6.5 link] 10:15 – Scaling New Heights 2022: Thrive [link] 11:13 – Parker Conrad’s Rippling is now valued at $6.5
Sponsors Odoo: [link] Client Hub: [link] Rewind: [link] Meet Liz LinkedIn: [link] Twitter: [link] Website: [link] Show Notes 1:12 – Meet our guest, Liz Mason, CEO and Founder of High Rock Accounting 2:46 – Is the Maricopa County election audit truly an audit? Hit the show notes for the link to get more info.
Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 8:35 – EY fined $100m over US audit exam cheating [link] How Exactly Did EY Auditors Cheat on CPE Exams? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
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