Episode Details

Can AI Become An Accounting Expert?

Episode 357 Published 2 years, 7 months ago

Description

Blake and David examine the downfall of FTX and founder Sam Bankman-Fried and look at some controversies around Deloitte auditors backdating audit paperwork in Canada, receiving only a minor fine. They also marvel at Donald Trump's attempt to blame accountants for alleged financial statement fraud in his organization. All this, and other news including NASBA's CEO's upcoming retirement, IRS budget cut updates, and generational differences around public accounting work environments.

Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Relay - https://cloudaccountingpodcast.promo/relay
Keeper - https://cloudaccountingpodcast.promo/keeper

Chapters

(00:39) - Blake is back from Maryland where he gave a talk on AI and accounting
(04:05) - CPA Journal uses bad AI to draw conclusions on AI's future in accounting
(10:21) - Guinness Stout might not exist without taxes
(13:33) - Jeff Bezos is moving to Miami
(17:12) - Over 2/3 of Ohio CPAs are 50 or older
(22:47) - Sam Bankman-Fried found guilty
(24:19) - WeWork files for bankruptcy
(30:17) - Trump trial updates: Donald Trump takes the stand
(41:08) - CPA Ontario fines Deloitte
(47:23) - IRS budget cut again
(52:57) - NASBA CEO Ken Bishop plans to retire
(54:25) - BDO and other firms becoming ESOPs
(56:16) - Expensify closes their longue in SF
(01:00:18) - We're going to QuickBooks Connect
(01:01:06) - Blakes shares Instagram clip of street CPA interview
(01:03:00) - Wrap up and how to earn free CPE for listening to this podcast