QuickBooks? They Were On QuickBooks?
The Accounting Podcast
Introduction
Blake Oliver: QuickBooks was centerpiece of the testimony in front of Congress this week. The thing that's shameful about this whole thing is like what Armandino and Prager Medicine and Mazar Amazers were doing, he says. It's not even clear what sort of due diligence they're doing on those assets,. BlakeOliver: There's one major accounting use that just was surprisingly bigger than we expected.
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Show Notes
14:24 – Accountant that vetted Binance's reserves halts all crypto work | Accounting Today
15:00 – Auditor Mazars Pauses All Work For Binance, Other Crypto Clients
https://www.investopedia.com/mazars-suspends-crypto-clients-6931106
Binance says the accounting firm it used to verify its reserves has paused all work for crypto clients
Binance Shows 'Proof' It Has All Your Bitcoin — Critics Aren't Sold – Blockworks
https://blockworks.co/news/binance-shows-proof-it-has-all-your-bitcoin-critics-arent-sold
Twitter: What’s going on with Binance?
https://twitter.com/grdecter/status/1603786519445135360?s=12&t=sLzsirYQevPrZ7y6qVSYBw
21:30 – Tether has increasingly been lending its own coins, adding risks to the stablecoin that is an important cog in the crypto system
https://www.wsj.com/articles/rising-tether-loans-add-risk-to-stablecoin-crypto-world-11669875590
36:39 – Intuit announces enhancements to tax products
https://www.accountingtoday.com/news/intuit-tax-advisor-boosted-with-bevy-of-new-features
40:50 – Wayne Chang on LinkedIn: What an *incredible* last 5 years!
42:53 – Xero establishes a technology base in India | Xero Blog
https://www.xero.com/blog/2022/11/xero-establishes-technology-base-in-india/
45:27 – U.S. banks including JPMorgan Chase are creating a plan to refund victims of scams on the Zelle payment network
45:55 – Build connections in Microsoft Teams with Games for Work, a new Microsoft Teams app| Microsoft 365 Blog
50:53 – Voicemail from Kate Johnson, re: education – Thank you!
54:56 – Crypto.com proof of reserve agreed upon procedures
https://mail.google.com/mail/u/0/#inbox/FMfcgzGrbRZxbsrFFpflZqfdGLCtwTTl
56:20 – Luke Templin purchased FinDaily.io from Jason Staats
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