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Accountant Shortage Causing Negative City Credit Scores (live from Padgett REtreat)
Description
Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferences
Sponsors
CCH Axcess - https://cloudaccountingpodcast.promo/axcess
Zoho - https://cloudaccountingpodcast.promo/zoho
Keeper - https://cloudaccountingpodcast.promo/keeper
Chapters
- (00:05) - Preview: Accounting is in a bad place
- (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests
- (07:27) - Amanda, why was this tax season harder than last?
- (09:13) - Tell us more about the Padgett REtreat
- (10:41) - What are some ways to think about raising your prices?
- (13:44) - The accounting shortage is affecting cities getting credit scores
- (22:36) - NASBA extends the time to take the CPA exam to 30 months
- (24:48) - AI and its future in accounting
- (27:09) - Canopy integrates ChatGPT into their suite
- (29:09) - PWC to invest $1 billion over the next 3 years in AI
- (33:10) - How long do you think until smaller and midsize firms will be using AI
- (35:14) - Lili Bank promises one-button accounting
- (46:17) - Listener mail about staff not being given chances to go to conferences
- (49:02) - Are accounting students set up only for the benefit of the Big 4 firms?
- (53:16) - Wrap up and thanks for listening
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Show Notes
ChatGPT Fails When It Comes to Accounting, Finds Major Study
KPMG Joins MindBridge in Global Launch of AI-Assisted Audit Tech
https://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-tech
What Microsoft’s Dynamics GP Announcement Means for the User Community
ChatGPT is still no match for humans when it comes to accounting
https://phys.org/news/2023-04-chatgpt-humans-accounting.html
Lili Claims Super App Status With New Accounting Platform
https://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/
Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ...