QuickBooks Launches Bill Pay | NetSuite Adds AI | How Financial Fraud Will Fill CPA Pipeline

Blake and David discuss the factors that impact accountant salaries, including location, experience, and industry, and highlight the correlation between accounting salaries and overall economic conditions, noting that periods of economic growth can lead to higher salaries. They also take a look at the partnership between PwC and OpenAI and speculate on the potential impact of AI on accounting consulting and fraud detection. All this and more, right now!


Chapters
  • (00:27) - Blake and David are back from SuiteWorld and talk about NetSuite's new AI features
  • (09:31) - Using AI to audit cattle
  • (12:22) - Former Trump CFO, Allen Weisselberg, describes GAAP
  • (14:03) - FTX trial update
  • (17:27) - The "proof of reserves" myth in crypto
  • (20:22) - Are financial statements and audits irrelevant in 2023
  • (26:45) - QuickBooks is launching bill pay
  • (33:01) - The 150-hour rule is a barrier, not a bar
  • (40:24) - Should CPAs have more specific designations and should bookkeeping require licensure?
  • (43:10) - 3 professors know how to solve the pipeline problem?
  • (46:45) - Some ChatGPT updates
  • (50:44) - PwC partners with OpenAI
  • (55:53) - Xero announces AI with searches
  • (57:38) - Wrap up and where to reach Blake and David
 

Show Notes
Bill to compete with Intuit after partnership ends               
 
BILL Introduces Integrated Financial Operations Platform for Small Businesses
 
Intuit Introduces QuickBooks Bill Pay, Expanding Money Platform to Deliver Business-to-Business Payments with AP Automation        
 
Intuit Introduces QuickBooks Bill Pay       
 
Is FTX the biggest audit disaster ever?     
 
The mystery of FTX's missing $9B is unraveled     
 
Bill Unveils Accountant Console for Accountant Partners 
 
Stick with high standards — and 150 hours           
 
With annual reports in the hundreds of pages, who has time to run a business?   
 
PwC partners with ChatGPT creator OpenAI         
 
Avalara Expands Partnership with Oracle NetSuite to Deliver Integrated E-Invoicing Solution
 
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
 
CPA Standoff: Why haven't the other provincial bodies joined the ...          
 
Accounting is facing a labor crisis. Could fraud be part of the solution?     
 
FTX Used Billions in Customer Funds to Buy Back Binance Stake   
 
Accounting is facing a labor crisis. Could fraud be part of the solution?     
 
Accountants battle software integration frustration          
 
Oracle NetSuite Embeds Generative AI Throughout the Suite to Help Organizations Boost Productivity       
 
Cohere Taps NetSuite to Scale Business Processes and Meet Global AI Demand     
 
Oracle Acquires Next Technik | NetSuite 
 
Accounting is facing a labor crisis. Could fraud be part of the solution?     
 
Is Audit in Crisis Because of Definitions? - CPA Trendlines
 
The 'proof of reserves' myth in crypto-accountancy
 
OpenAI gives ChatGPT access to the entire internet | VentureBeat


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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
QuickBooks Launches Bill Pay | NetSuite Adds AI | How Financial Fraud Will Fill CPA Pipeline
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