Ernst & Young Auditors Under Scrutiny After String of Massive Frauds
We're celebrating the passing of the final official tax deadline of 2020 with a huge slew of news! We'll dive into what E&Y has in common with a string of imploding firms. Then we'll Zoom into a wide array of updates and features that will take the yawn factor out of videoconferencing, and enhance employee safety, and enable hybrid workforces. If you've been itching to travel, a new study reveals that it's nearly impossible to catch COVID on a plane. Venturing into other news, we'll talk about Robinhood, and the lack of security in many newer fintech players, and we look at Revolut's play to get a bank charter in Cali. Then, we'll round out the party with some IRS updates, PPP happenings, and we'll also see who's not charging for PPP services. All this, and party favors! Enjoy!
Sponsors
- BQE CORE: http://cloudaccountingpodcast.promo/core
- ClockShark: https://cloudaccountingpodcast.promo/clockshark
- OnPay: https://cloudaccountingpodcast.promo/onpay
06:44 – String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them
https://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319
https://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319
13:12 – New Zoom Enhancements to Help Customers Re-Enter the Office & Enable Hybrid Workforces
https://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/
18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience
https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/
18:24 – Bring Zoom Into Your Apps With Our Customizable SDK
https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/
https://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/
18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience
https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/
18:24 – Bring Zoom Into Your Apps With Our Customizable SDK
https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/
18:54 – From The Folks Who Brought You Boring Meetings: CEOs Want To Ditch Sterile Zoom Calls
https://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c
23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests
https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html
26:53 – Report: Hackers Hit 2,000 Robinhood Accounts
https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/
30:16 – What’s New in the Sage Intacct Release 3
https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-3
https://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c
23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests
https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html
26:53 – Report: Hackers Hit 2,000 Robinhood Accounts
https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/
30:16 – What’s New in the Sage Intacct Release 3
https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-3
31:25 – BofA adds three new APIs to CashPro treasury producthttps://www.finextra.com/pressarticle/84422/bofa-adds-three-new-apis-to-cashpro-treasury-product
33:46 – European fintech giant Revolut is close to applying for a bank charter in California, sources say
https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html
35:55 – Square Introduces Terminal API For Payments
https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/
38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers
https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html
https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html
35:55 – Square Introduces Terminal API For Payments
https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/
38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers
https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html
41:24 – Intuit QuickBooks achieves open banking milestone
42:51 – QR codes added to IRS balance-due notices
https://www.accountingtoday.com/news/irs-adds-qr-codes-to-balance-due-notices
44:31 – Starling Bank small business customers get PayStream accounting platform as an option
https://www.techradar.com/uk/news/starling-bank-small-business-customers-get-paystream-accounting-platform-as-an-option
45:11 – Receipt Bank launches 'one place to pay' app
https://www.finextra.com/pressarticle/84473/receipt-bank-launches-one-place-to-pay-app
46:34 – Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority- and women-owned small businesses, House report says
https://www.cnbc.com/2020/10/16/treasury-encouraged-banks-to-prioritize-ppp-loans-for-existinG-clients.html
50:32 – Survey: Who’s Not Billing for PPP Services?
https://cpatrendlines.com/2020/10/12/more-than-1-in-5-accountants-are-not-charging-for-ppp-services/
53:19 – Wells Fargo terminates employees over potential COVID-19 relief fraud
https://www.foxbusiness.com/economy/wells-fargo-fires-employees-over-potential-covid-19-relief-fraud
55:01 – Voicemail!!
Get in Touch
Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040
Need Accounting Conference Info?
Need Accounting Conference Info?
Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch
Subscribe
- Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
- Podchaser: http://cloudacctpod.link/podchaser
- Spotify: http://cloudacctpod.link/Spotify
- Google Play: http://cloudacctpod.link/GooglePlay
- Stitcher: http://cloudacctpod.link/Stitcher
- Overcast: http://cloudacctpod.link/Overcast
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info and be sure to check out our special stimulus pricing of four episodes for just $100.
Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
