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15-Year-Old Passes CPA Exam & NY Requires Independent Audits of AI Hiring Processes
Episode 339
In this episode, Blake and David examine the story of the 15-year-old who recently passed the CPA exam, as well as recent news involving accounting firms transitioning to corporations, AI investments, and new laws concerning AI hiring. They also cover several tech stories related to accounting, problems with client portals, and much more!
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Chapters
- (00:04) - Preview: Accounting firms will transition to corporations
- (01:00) - Blake and David are back from their trips
- (05:03) - A 15-year-old in Mississippi has passed the CPA exam
- (07:00) - Jennifer asks about TAP's TurboTax Live Business experience
- (10:05) - Mackenzie's voicemail re: accounting shortage
- (18:37) - BDO USA is shifting from a partnership to a corporation
- (20:55) - EY officially announces it has called off "Project Everest" but is still the number one US audit firm for public companies
- (24:25) - M365 Co-Pilot updates
- (29:50) - Thomson Reuters announces $100 million per year AI investment
- (32:04) - Avalara launches a sales tax calculator in ChatGPT
- (36:17) - Gusto hires former head of data science and analytics from Google
- (37:09) - Taxfyle releases AI tax-prep bot
- (39:04) - New York announces new AI law for hiring
- (44:15) - A few more quick tech stories and the problems with client portals
- (47:06) - Wrapbook wrap-up
- (51:45) - Where to reach David and Blake
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Show Notes
Tech News: TaxFyle releases AI tax prep bot
https://www.accountingtoday.com/list/tech-news-taxfyle-releases-generative-ai-tax-prep-bot
Why everyone is mad about New York’s AI hiring law
https://www.technologyreview.com/2023/07/10/1076013/new-york-ai-hiring-law/
Mississippi youth passes CPA Exam – at Age 15
https://www.journalofaccountancy.com/news/2023/jun/mississippi-youth-passes-cpa-exam-at-age-15.html
BDO USA is Shifting From a Partnership to a Corporation - CPA Practice Advisor
Gusto hires former Google exec to add AI to products | Accounting Today
https://www.accountingtoday.com/news/gusto-hires-former-google-exec-to-add-ai-to-products
KPMG cuts 5% of U.S. workforce | Accounting Today
https://www.accountingtoday.com/news/kpmg-cuts-5-of-u-s-workforce
KPMG’s Big Four Dominance on Bank Audits Shaken by Failures