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SEC Charges Trump's Audit Firm with Massive Fraud
Episode 383
The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.
Sponsors
Zoho - http://accountingpodcast.promo/zoho
Relay - http://accountingpodcast.promo/relay
Keeper - http://accountingpodcast.promo/keeper
Harbor Compliance - http://accountingpodcast.promo/harbor
Chapters
- (09:04) - Anthropic launches Claude for teams
- (11:12) - More LLM models pass CPA exam
- (18:28) - Blake demonstrates AI's abiity to help with emails
- (32:56) - 28 AI prompts for small businesses
- (36:39) - Oregon Senator going after TurboTax to issue refunds to Oregonians
- (38:44) - The possibility of a regional banking crisis
- (48:12) - The Corporate Transparency Act might be repealed
- (54:15) - Tether claims they can't find a Big 4 firm to audit them
- (56:54) - Mecurity Bank being looked at by FDIC
- (01:02:05) - Square to allow users to transfer percent of daily sales to Bitcoin
- (01:03:26) - Download and sign up for the Earmark app
Show Notes
Anthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNET
SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
https://www.sec.gov/news/press-release/2024-51
Oregon senator demands refunds for TurboTax customers over glitch | Accounting Today
Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4788096
Sam Altman says helpful agents are poised to become AI’s killer function | MIT Technology Review
Why hundreds of U.S. banks may be at risk of failure
https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html
Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority
https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrial
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Published on 1 year, 7 months ago