The Accounting Podcast

著者： Blake Oliver & David Leary
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  • The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.
    © 2023 Earmark Media LLC
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  • Why EY Has The Worst Big Four PCAOB Deficiency Rate

    Why EY Has The Worst Big Four PCAOB Deficiency Rate
    2024/09/06
    In our 400th episode, Blake and David dive into the controversial world of audit quality and Big Four accounting firms. They also discuss a listener's critical email about their audit coverage, explore recent audit failures and deficiencies, and debate the underlying incentives in the audit industry. The discussion turns to workplace culture issues at major firms and potential solutions to improve audit quality. SponsorsOnPay - http://accountingpodcast.promo/onpay Zoho - http://accountingpodcast.promo/zohoMakers Hub - http://accountingpodcast.promo/makershubChapters(01:05) - Listener Email: Criticism of Audit Discussions (01:59) - Reading and Responding to Connor's Email (05:19) - Understanding Audit Deficiencies (07:46) - Audit Quality and Deficiency Rates (13:26) - EY's Audit Deficiency and Industry Comparison (15:28) - The Business Model of Big Four Firms (19:13) - Challenges in the Audit Profession (19:39) - Listener Feedback and Commentary (35:33) - Super Micro Accounting Scandal (43:53) - AI's Impact on Auditing (44:11) - The Tipping Point: Media Coverage and Reactions (44:40) - Audit Issues and Historical Context (46:10) - The Role of Consulting in Audit Firms (48:04) - Materiality and Audit Quality (51:32) - The Future of Auditing and AI (53:16) - EY's Secret Drinking Club Controversy (01:15:35) - Addressing the CPA Crisis (01:19:10) - Listener Mail and Final Thoughts Show NotesPCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparencySuper Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyerhttps://hindenburgresearch.com/smci/AI Spotted Super Micro Risks Two Years Before Filing Fiascohttps://www.forbes.com/sites/noahbarsky/2024/08/30/ai-spotted-super-micro-risks-two-years-before-filing-fiasco/EY's PR nightmare: A ‘secret drinking club’, misconduct allegations and resignationshttps://www.stuff.co.nz/nz-news/350292387/eys-pr-nightmare-secret-drinking-club-misconduct-allegations-and-resignationsSuper Micro shares fall 19% on filing delay, Hindenburg Research reporthttps://www.cnbc.com/2024/08/28/super-micro-shares-fall-23percent-on-filing-delay-hindenburg-research-report.htmlWho Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?https://www.goingconcern.com/who-wants-to-see-how-much-big-4-revenue-by-service-line-has-changed-since-sox/PCAOB releases two new, divergent inspection reports for Canadian accounting firmshttps://www.canadian-accountant.com/content/practice/pcaob-inspection-reports-deloitte-kreston-gtaRethinking Rankings: The Top 100 Firms — Adjustedhttps://www.vision.cpa/blog/Rethinking%20Rankings:%20Revenue%20Per%20EmployeeNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/Forwardly - https://www.forwardly.com/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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 時間 23 分
  • Is Intuit Going Enterprise? In THIS Economy?

    Is Intuit Going Enterprise? In THIS Economy?
    2024/08/28
    In this episode, Blake and David dive into Intuit's strategic shift towards enterprise solutions, discussing the potential impact on the accounting industry. They also examine some recent economic trends, including the U.S. debt situation and its comparison to historical empires. They then get into audit deficiency rates reported by the PCAOB, highlighting the need for transparency and reform in the auditing profession. There's also talk AI applications in education, recent accounting scandals, and more challenges facing the accounting industry.SponsorsOnPay - http://accountingpodcast.promo/onpay Relay - http://accountingpodcast.promo/relayMakers Hub - http://accountingpodcast.promo/makershubChapters(01:50) - Intuit's Strategic Shift to Enterprise (04:42) - Intuit's Pricing and Market Position (13:11) - Economic Outlook and Accountants' Perspectives (21:45) - China's Debt and Bankruptcy System (28:52) - Listener Mail and Industry Insights (35:56) - A Compromise Between Hourly Billing and Subscription Pricing (45:33) - AI as a Personal Tutor (46:34) - Understanding SAFE Notes (54:24) - AI in Retail and Business (01:01:47) - Audit Deficiencies and Industry Issues (01:25:34) - Conclusion and Final Thoughts Show NotesIntuit (INTU) Q4 2024 Earnings Call Transcripthttps://www.fool.com/earnings/call-transcripts/2024/08/22/intuit-intu-q4-2024-earnings-call-transcript/ 6 podcast episodes CFOs should listen to before summer endshttps://www.cfo.com/news/6-podcast-episodes-cfos-should-listen-to-accounting-podcast-strategic-cfo-360-rockstar-cfo/723667/ Accountants bearish, mostlyhttps://www.accountingtoday.com/news/accountants-bearish-mostly-save-for-their-own-firm-and-clients Goldman Sachs Lowers Probability of US Recessionhttps://www.investopedia.com/goldman-sachs-lowers-probability-of-us-recession-8697194 China’s Punishment for People With Bad Debts: No Fast Trains or Nice Hotelshttps://www.wsj.com/world/china/chinas-punishment-for-people-with-bad-debts-no-fast-trains-or-nice-hotels-bde24da2 Target to Roll Out Transformative GenAI Technology to its Store Team Members Chainwidehttps://corporate.target.com/press/release/2024/06/target-to-roll-out-transformative-genai-technology-to-its-store-team-members-chainwide N.J. Accounting Professor Convicted of Tax Evasionhttps://www.cpapracticeadvisor.com/2024/08/19/n-j-accounting-professor-convicted-of-tax-evasion/109210/ Everyone from the sunken yacht off Sicily has now been accounted forhttps://www.npr.org/2024/08/22/g-s1-18939/tech-mogul-mike-lynchs-body-is-found-as-the-search-goes-on-for-1-more-yacht-passenger PCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparencyhttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-posts-2023-annual-inspection-reports-alongside-staff-observations-new-charts-to-boost-transparency EY Sheds U.S. Audit Clients in Response to Shortfallshttps://www.wsj.com/articles/ey-sheds-u-s-audit-clients-in-response-to-shortfalls-2ba1172e Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushbackhttps://www.wsj.com/articles/regulator-explores-naming-companies-tied-to-auditing-deficiencies-amid-investor-pushback-8ee1d1f3 Auditors failed to raise alarm before 75% of UK corporate collapseshttps://www.ft.com/content/14a63c36-ba27-495c-96c0-3d34460d73ccNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/Stitcher
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    1 時間 28 分
  • Xero Now Does Bank Reconciliations!

    Xero Now Does Bank Reconciliations!
    2024/08/21
    Blake and David leap into the latest updates from Xerocon, including new features like traditional bank reconciliations, embedded bill pay with BILL and AI capabilities through JAX (Just Ask Xero). They look at Xero's strategy to double and how it compares to Intuit's mid-market growth focus. They also touch on the potential impact of QuickBooks' pricing strategy.SponsorsLendflow - http://accountingpodcast.promo/lendflowThe Small Business Research Institute - http://accountingpodcast.promo/ceanowKeeper - http://accountingpodcast.promo/keeperChapters(01:01) - Xerocon Highlights and New Features (01:18) - Deep Dive into Xero's Bank Reconciliation (06:13) - Xero's Strategic Focus: The Three by Three Initiative (10:18) - Xero's Market Share and Competitive Strategy (17:52) - Listener Questions and Advice for Aspiring Accountants (21:37) - Xero's Upcoming Features and Integrations (40:46) - Alternative Career Paths in Accounting (41:16) - Xero's New AI Features and Bill Payments Experience (45:53) - Exploring Xero's JAX AI and Its Functionalities (54:04) - Xero's Market Strategy and Competition with QuickBooks (01:01:51) - Xerocon Highlights and Nashville Adventures (01:07:44) - The Mysterious Case of Mike Lynch (01:14:27) - Closing Remarks and Upcoming Events Show NotesNew features announced at Xerocon Nashvillehttps://blog.xero.com/product-updates/new-features-xerocon-nashville/Intuit cut to Equal-Weight at Morgan Stanley, citing reliance on pricing leverhttps://seekingalpha.com/news/4139926-intuit-cut-to-equal-weight-at-morgan-stanley-citing-reliance-on-pricing-leverBritish entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicilyhttps://www.reuters.com/world/europe/seven-missing-15-rescued-after-sailboat-sinks-off-sicily-2024-08-19/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsClient Hub - https://clienthub.app/ Forwardly - https://www.forwardly.com/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/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 時間 20 分

あらすじ・解説

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.
© 2023 Earmark Media LLC
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