CPA Evolution Is Missing The Weeds
News, and opinions abound in this week's episode! We've got more news from the world of the IRS about how four senators are either for, or against (we're not quite sure) a 'place-holder service' called enQ, and why the IRS reform could raise more revenue than expected. We've also got the latest on SPAC shenanigans, and the new wave of restatements to account for "accounting errors." In more positive news, we're getting into the weeds about the CPA Evolution Model Curriculum revision, and what it means for accounting education; what it got right, and what it totally left out. In app news, we'll look over the earnings from Intuit, and Sage, and what these companies are doing to step up their games. We've got raises, small, and large, from the likes of Outmin, Pixie, Formstack, and Practice Ignition, and we've got a whole host of updates from the QBO camp. In other news, we've got a story about deep-fake voice cloning, $35 million missing, and why everyone should employ a variety of verification factors that can prevent this kind of crime from becoming second nature. Grab a beverage of your choosing, and join us!
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Show Notes
3:57 – SPACs Headed for New Wave of Restatements for Accounting Errors
5:57 – Senators Question Commissioner About Company Offering Fee-Based Access to IRS Phone Lines
11:55 – Opinion | IRS reform will generate a lot more revenue than the CBO thinks - The Washington Post
14:17 – AICPA, NASBA publish revised CPA Evolution Model Curriculum - Journal of Accountancy
17:20 – A closer look at the Model
20:55 – Practical v. Theoretical – which is better for accounting education?
22:14 – In the weeds – what’s missing from the revised CPA Evolution Model Curriculum?
26:21 – Can I get this in Excel? Faculty want the CPA Evolution Model Curriculum in Excel.
32:54 – The Sage Group plc (SGGEF) CEO Steve Hare on Q4 2021 Results - Earnings Call Transcript
Sage posts 10% drop in operating profit after investing in cloud
Accelerating growth driven by continued strategic progress (PDF)
35:14 – Intuit inc (INTU) Q1 2022 Earnings Call Transcript
38:16 – Chimp Change – how QuickBooks Advanced is heading deeper into the midmark with MailChimp
Intuit: Monetizing Its Vast Data Treasure Trove by Creating Better Outcomes For Customers
40:24 – What’s new in QuickBooks Online: November 2021 – QuickBooks
44:53 – Practice Ignition raises $50M | Accounting Today
Practice Ignition lands $50M to scale globally
46:29 – Formstack raises $425M for a no-code platform that helps businesses automate their customer and internal workflows
47:22 – Paychex Adds Support for Vaccination Status Tracking to its COVID-19 Technology Solutions
47:52 – Pixie, the operating system for small accounting firms, pockets £2.25M to grow further
48:36 – Accounting tech start-up to double headcount following funding boost
49:24 – Scammers Clone Exec's Voice, Steal $35M From Bank
52:40 – Listener Voicemail. Thank you!
54:44 – We’ve Got a Review! Thank you!
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Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
Full Transcript Available Upon Request - info@cloudaccountingpodcast.com
