Episode Details

QuickBooks Launches Bill Pay | NetSuite Adds AI | How Financial Fraud Will Fill CPA Pipeline

Episode 355 Published 2 years, 7 months ago

Description

Blake and David discuss the factors that impact accountant salaries, including location, experience, and industry, and highlight the correlation between accounting salaries and overall economic conditions, noting that periods of economic growth can lead to higher salaries. They also take a look at the partnership between PwC and OpenAI and speculate on the potential impact of AI on accounting consulting and fraud detection. All this and more, right now!

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Zoho - http://accountingpodcast.promo/zoho
Aero Workflow - http://accountingpodcast.promo/aero

Chapters

(00:27) - Blake and David are back from SuiteWorld and talk about NetSuite's new AI features
(09:31) - Using AI to audit cattle
(12:22) - Former Trump CFO, Allen Weisselberg, describes GAAP
(14:03) - FTX trial update
(17:27) - The "proof of reserves" myth in crypto
(20:22) - Are financial statements and audits irrelevant in 2023
(26:45) - QuickBooks is launching bill pay
(33:01) - The 150-hour rule is a barrier, not a bar
(40:24) - Should CPAs have more specific designations and should bookkeeping require licensure?
(43:10) - 3 professors know how to solve the pipeline problem?
(46:45) - Some ChatGPT updates
(50:44) - PwC partners with OpenAI
(55:53) - Xero announces AI with searches
(57:38) - Wrap up and where to reach Blake and David