The Accounting Podcast

Blake and David explore the controversial H-1B visa program's impact on the accounting profession, particularly how firms like Deloitte reportedly pay visa holders 10% less than U.S. workers and the potential implications for audit quality. They also examine Bench's sudden shutdown and subsequent acquisition and then discuss Barry Melancon's farewell interview with the Financial Times as he steps down as AICPA CEO, where he defended the 150-hour rule, his legacy, and his impact on the profession.

Chapters

• (05:01) - Sponsors and H1B Visa Discussion
• (11:14) - H1B Visa Impact on Accounting
• (26:53) - Bench Accounting Shutdown
• (45:17) - VCs and the Tough Decisions
• (47:42) - Challenges in Automating Bank Transactions
• (48:58) - H1B Visa Workers and Financial Misconduct
• (52:19) - Predictions for 2025 and Beyond
• (58:12) - Private Equity's Impact on Accounting Firms
• (01:08:15) - Barry Melanson's Legacy and the Future of CPA
• (01:15:23) - Conclusion and CPE Credits
• (01:16:45) - Bitcoin and Quantum Computing

 

Robert Sterling – Twitter - H-1B DATA MEGA-THREAD

 

Deloitte employees with H-1B visas were paid 10% less than US workers, report finds

 

Bench to be acquired after abruptly shutting down

 

‘Most important man in accounting’ warns against lowering standards

 

Meet Willow, our state-of-the-art quantum chip

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