Don Jr. Explains GAAP & Why No One's Going Into Accounting

Blake and David dig into the use of AI agents in solving problems, emphasizing the effectiveness of assigning different roles to the agents and having them interact with each other to reach satisfactory results. They also discuss the latest accounting news, including the recent arrest of an IRS contractor, the IRS slashing the PTIN fee, ongoing trials, and cyber-attacks.


Chapters
  • (00:47) - Don Jr. explains GAAP
  • (04:07) - Stories we'll cover this week
  • (06:13) - WSJ article on why no one is going into accounting
  • (10:30) - New Illinois CPA Society survey
  • (12:42) - The IRS is watching people who resold Taylor Swift tickets
  • (14:11) - Chick-fil-A is testing out robot servers and what accountants can learn in what customers want & expect in restaurants
  • (18:39) - Zoom adds AI companion features
  • (23:58) - FedNow hits milestone
  • (26:07) - Listener mail
  • (34:15) - QuickBooks offers a $50/month assisted bookkeeping service
  • (40:33) - Listener mail: Should I change majors from accounting?
  • (43:17) - FEMA and WGU are alternative ways to earn 150 credits
  • (46:33) - Microsoft using AI to help AI
  • (51:00) - Former IRS contractor charged with leaking billionaire tax filings
  • (55:03) - Trump blaming his former Mazars accountant in fraud trial
  • (59:36) - CPA Canada vs CPA Quebec and CPA Montreal updates
  • (01:01:53) - MGM cyber attack follow up
  • (01:04:16) - WSJ reports Binance is in trouble
  • (01:08:25) - Wrap up and how to reach us
 
Show Notes
Chick-fil-A Reportedly Tests Robot Servers Amid Diner Concerns Around Automation
 
AICPA Endorses Key Legislation Recognizing the Link Between ...  
 
Why No One's Going Into Accounting - WSJ           
 
IRS slashes PTIN fees       
 
New National Research on CPA Pipeline Challenges Underway      
 
IRS contractor charged in leak of billionaire taxpayer info
 
CPA Standoff: Financial transparency a key issue in national ...      
 
Anthony's Coal Fired Pizza and Wings removes AI ordering platform           
 
FedNow Service Surpasses 100 Participants Since July Launch       
 
2024 Public Accounting Starting Salary Numbers Are In   
 
Clorox Experiences Significant Financial Loss Stemming From Recent Cyber Attack               
 
CPA Pipeline Research Survey      
 
2024 Salary Guide | Robert Half 
 
CPA Standoff: Unique regulatory status of CPA Quebec complicates accounting rift              
 
CPA standoff: Ontario government sticks to sidelines in governance dispute           
 
Message from Jerilyn Dressler re: accounting profs lacking real world experience  
 
Trump business fraud trial continues with accountant testimony on 4th day | PBS NewsHour         
 
MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos - WSJ     
 
Why No One’s Going Into Accounting - WSJ           
 
New National Research on CPA Pipeline Challenges Underway - CPA Practice Advisor          
 
Not having a House Speaker is threatening tax and other key areas | Accounting Today     
 
Zoom AI Companion       
 
WATCH: Clip of Don Jr.'s deposition in NY civil fraud case.                
 
AutoGen - Microsoft steps into the AI AGENTS arena - YouTube    
 
Binance, the World’s Biggest Crypto Firm, Is Melting Down - WSJ 
 
LIVE Assisted Bookkeeping for $50/month            
 
If You Resold Taylor Swift Tickets, the IRS Is Watching       
 
Need CPE? 
Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe.com

Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

Subscribe

Classifieds
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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Creators and Guests

David Leary
Host
David Leary
President and Founder, Sombrero Apps Company
Don Jr. Explains GAAP & Why No One's Going Into Accounting
Broadcast by