The Accounting Podcast

Today, Blake, David, and special guest, ChatGpt, examine the impact of private equity on accounting firms, looking at how PE ownership affects partner compensation and firm structures. They dig into some recent data showing record numbers of accounting errors in public companies, linking these issues to the broader talent shortage crisis. Next, they explore CalCPA's pushback against proposed licensing changes, the surprising economic costs of Daylight Savings Time, and much more!
 

Chapters

• (00:59) - Introducing ChatGPT as Co-Host
• (01:58) - Hot Topics in Accounting News
• (04:05) - Private Equity in Accounting Firms
• (07:35) - Debating the Impact of Private Equity
• (22:40) - DirectFile Controversy
• (28:02) - App News and Updates
• (34:23) - Enron's Return?
• (38:28) - Fraudsters and Presidential Pardons
• (42:00) - Accounting Errors on the Rise
• (44:52) - The Daylight Savings Debate
• (50:04) - AI Tools: The Good, The Bad, and The Ugly
• (58:26) - Final Thoughts and Announcements

 

Accounting errors force US companies to pull statements in record numbers

 

Republican lawmakers ask Trump to kill IRS Direct File

 

IRIS to buy Dext in £500m deal

 

How Private Funds Could Hurt Americans Under Trump

 

LegalZoom and 1-800Accountant Join Forces to Deliver Full-Service Tax and Bookkeeping Solutions for Small Business Owners

 

Zoho Releases New Payroll Solution in the U.S.

 

BILL Unveils 1099 Form Filing Solution for SMBs

 

Is Enron back? Here’s what we know … 

 

CalCPA Submits Comments on Exposure Draft on CPA Licensure

 

CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging.

 

Donald Trump vows to end daylight saving time

More Than a Lost Hour of Sleep: The True Cost of Daylight Saving Time

Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

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.

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

Check out our new website - accountingconferences.com

TeePublic Store: http://cloudacctpod.link/merch

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

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