The Accounting Podcast

There’s a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in the future. They also look at Xero’s newest features, including improved algorithms for recognizing new contacts and bank reconciliation statements, and talk about Grant Thornton's implementation of Git Assist, an AI tool for accessing internal knowledge resources. All this and so much more, right here, right now!
 

Chapters

• (00:35) - The war in Israel and its effect on tech startups
• (04:36) - Heather Smith sends in an example of an AI language changer she used
• (06:49) - Arthur Andersen's Chicago house for sale
• (09:17) - Updates from the FTX, Sam Bankman-Fried trial
• (15:44) - IRS contractor who leaked tax returns of famous agrees to plea deal
• (19:03) - Trump trial updates
• (22:49) - George Santos facing 23 new charges
• (24:50) - Update on the Canada CPA standoff
• (26:42) - Nationwide accounting shortage is threatening small towns
• (27:59) - Number of accounting graduates drop largest percentage in single year since 1985
• (31:03) - Workday and the problem with schools rolling out ERP's
• (38:02) - What pricing lessons accounting firms can learn from ski resorts
• (42:56) - CFO Brew's survey on remote work
• (47:27) - IRS says Microsoft owes $28.9 billion in back taxes
• (51:40) - IRS tax-gap predictions, and scams to watch for in 2022
• (54:59) - Jamie Dimon predicts AI will reduce workweeks to 3.5 days
• (55:56) - Xero announces new AI features
• (56:49) - Grant Thornton rolls out GT Assist
• (59:13) - Earn free CPE for listening to this episode and remember to subscribe

 

Pool of accounting graduates shrinks, AICPA report finds

 

Report: Iowa can pay the bills but lacks transparency in its accounting

 

New accounting system causes bill backlog at U of Washington

 

Grant Thornton launches internal generative AI tool          

 

Art of Accounting: Leaving your job to start your own practice

 

Arthur Andersen's Winnetka home for sale

 

The SBF Trial is Embarrassing For Crypto Industry               

 

Returning to the office is costing you $51 per day, study finds       

 

Microsoft May Owe $28.9 Billion in Back Taxes to the IRS

 

IRS Says Tax Gap For 2021 Expected To Be $688 Billion     

 

How Israel's tech community is responding to the Israel-Hamas war           

 

Iowa's annual financial report late again; agencies mum on why

 

Iowa auditor slams governor, state for delays threatening universities

 

UW’s Financial Accounting System            

 

WSU recognized externally for Workday expertise              

 

Ohio State drops effort to update student information system

 

LMU announces Workday Forward; staff reflect on the “abysmal fiasco” of original Workday launch

 

UT’s switch to Workday came with more than a few hiccups, but they were to be expected

 

Open Letter on Workday Issues  

 

Workday Implementation Considerations in Higher Education

 

Workday Sees Continued Momentum in Higher Education, With More than 70% of Workday Higher Education Customers Live  

 

The Ohio State University Walks Away from Workday Student      

 

Erie Community College to Spend $5.2M Replacing Disastrous ERP System

 

ISU switch to Workday accounting delayed state financial report  

 

Iowa ends contract with Workday, company chosen without traditional competitive bidding

 

Exclusive: Iowa's late reporting jeopardized universities' federal funds

 

If Amazon can’t make Workday work, who can?  

 

CPA Standoff: Accountants question the motives behind national ...           

 

Arthur Andersen's House on Zillow           

 

Tax return thief who took Trump, Griffin data pleads guilty | Accounting Today

 

An update on our IRS tax audit - Microsoft On the Issues 

 

IRS sees tax gap widen to $688B | Accounting Today         

 

Melio Life on Instagram 

 

Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX – WSJ

 

Arthur Andersen's House Is For Sale - Going Concern        

 

U.S. employees spend $51 daily when they work full-time in office, study says

 

The $300-a-Day Lift Ticket That Every Skier Hates - WSJ   

 

Banker says Trump’s financial statements were key to loan approvals, but there were 'sanity checks' | AP News     

 

Bankman-Fried dismissed audit risks at FTX, ex-girlfriend testifies | Accounting Today

 

Israeli Startup Community, at Home and Abroad, Prepares to Fight – WSJ

 

Santos Faces New Charges Accusing Him of Lies and Credit Card Fraud - The New York Times

 

Sam Bankman-Fried's FTX trial witnesses: Who knew what, when | Accounting Today

 

Fake mansions and rent-stabilized units emerge in Trump trial | Accounting Today

 

Sam Bankman-Fried Lieutenant Recounts FTX Crash for Jurors – WSJ

 

Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money – WSJ

 

Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job

 

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