AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

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  • (00:00) - Thank you to our sponsor, OnPay
  • (00:19) - Preview:
  • (01:01) - Introduction and some of what we'll cover this episode
  • (03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
  • (10:30) - AICPA's town hall
  • (16:43) - Thank you to our sponsor, OnPay
  • (18:01) - Checking in on our live chat
  • (21:12) - Matt asks for ideas on how he should obtain his 150 hours
  • (27:47) - Thank you to our sponsor, Relay
  • (29:55) - Accounting Today article on CPA exam pass rates falling in 2022
  • (35:59) - GAO says IRS gave up on computer systems upgrade
  • (39:49) - Thank you to our sponsor, First Republic Bank
  • (40:35) - Republican bill to abolish the IRS
  • (43:15) - Lets talk about Adani Group's auditors
  • (46:20) - Tether releases latest attestation report
  • (48:51) - Nikole's voicemail and the Accounting High bracket
  • (51:32) - Company holds "funeral" for QuickBooks
  • (53:35) - Blake reads some listeners comments and feeback
  • (58:05) - Wrap up and the CAP is going ti Expensicon!
  • (59:46) - Classifieds
  • (59:48) - Client Hub
  • (01:00:24) - RightTool
  • (01:00:46) - Federal Tax Updates Podcast
  • (01:01:59) - How to advertise in these classifieds

Show Notes
How Can We Make Accounting Cool? - WSJ          
 
If You Let 23-Year-Olds Sign Off on Audits, You're Gonna Have a Bad Time
 
Why there's a national shortage of accountants 
 
Biden Vows to Veto GOP Plan to Abolish the IRS 
 
Controller - National Women's Soccer League (New York · NY)     
 
What’s New in FreshBooks – 2023             
 
Self-employed bookkeeping platform Hnry books $35 million Series B
 
McDonalds Presidents Says California FAST Act Will Kill Restaurants
 
New York Requires Disclosure in Small Businesses Financing
 
Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog  
 
The 15 largest banks in the US    
 
Football, lifeguarding, college and accounting      
 
Password Managers – An Insightful Accountant Software Comparison
 
IRS more likely to audit Black taxpayers 
 
Press Release- February 1, 2023: Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financing
 
Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationship
 
US Bank launches automated direct deposit switching
 
Chase to Expand Small Business Banking Workforce by 20%          
 
How Can We Make Accounting Cool? - WSJ          
 
Passing or failing? Pass rates for CPA exam fell in 2022
 
How inclusive is your accounting firm?   
 
AICPA proposes extensive tax changes to Congress
 
Tether Releases Attestation Report Showing $960M Excess Reserves
 
The Quickbooks And The Dead
 
Tax Policy in Biden’s 2023 State of the Union Address      
 
Watch for accidental fraud, forensic accounting expert says          
 
Accounting Services: The Talent War       
 
Most accounting professionals want more mental health help: study
 
Finzly Launches API Giving Developers Access to FedNow Service
 
Growblocks Raises $6M to Help Businesses Forecast Revenues
 
Gusto lays off 5% of staff              
 
Students learn all about accounting at High School Leaders Conference at UM-Dearborn
 
Don’t Let Clients Dictate Tax Workflow   
 
Center Your Firm Around Your Client       
 
How Marketing in Accounting Has Evolved           
 
Jobber fixes on $100M as its platform for home services pros hits ...
 
Are SMBs invited to the business intelligence (BI) party? 
 
H&R Block went through 6 CEOs in a decade. Its latest chief exec is a marketing whiz with plans to claw back market share: ‘We were kind of that dusty place on the corner’
 
IRS tells taxpayers in some states to wait to file taxes       
 
There’s a surprising culprit behind mass layoffs, says a prominent management professor at Wharton
 
Americanas' $4B Accounting Scandal Puts More Scrutiny on PwC's ...
 
AICPA publishes audit risk guide 
 
CoinTracker unveils real-time crypto tax advice from live experts
 
IRS dropped plans to modernize some of its outdated systems
 
Accounting students provide volunteer income tax filing services to ...
 
Intuit study reveals Gen Z doesn't want to talk about finances
 
The past and future of accounting             
 
Senators demand an accounting of how ServSafe fees are used  
 
Talent acquisition: AICPA chair hears student voices, shares strategies
 
Inkle Raises $1.5M to Power Tax & Accounting for US Cross-border ...
 
Does ChatGPT have any of the answers for accounting?
 
OakNorth set to close Fluidly following 2021 acquisition 
 
Lawyers wanted at the IRS           
 
Fluidly to close its doors in April 
 
Simu Liu praised for giving advice on accounting, burnout and ... 
 
 
Eller College scholarship aims to promote diversity in accounting
 
iwocaPay Becomes the First Invoice Checkout Integration with Buy Now, Pay Later Option for Businesses that Integrate with QuickBooks           
 
Tax And Accounting SaaS Startup Inkle Raises $1.5 Million              
 
AICPA Town Hall: AICPA’s 8-point human capital pipeline plan      
 
US Bank launches automated payroll deposit feature for new accounts
 

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Creators and Guests

David Leary
Host
David Leary
President and Founder, Sombrero Apps Company
AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem
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