A New Generation of Accountants Could Be the Engine of the Economy

PricewaterhouseCoopers has enough accountants to keep up this tax season. But smaller accounting firms like Mandy Irwin's in Chico, California are having to turn away business. Students who might have pursued accounting a decade ago are going into investment banking and data analysis.

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We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

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(00:00) - Thank you to our sponsor, OnPay
(00:19) - Preview:
(01:01) - Introduction and some of what we'll cover this episode
(03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
(10:30) - AICPA's town hall
(16:43) - Thank you to our sponsor, OnPay
(18:01) - Checking in on our live chat
(21:12) - Matt asks for ideas on how he should obtain his 150 hours
(27:47) - Thank you to our sponsor, Relay
(29:55) - Accounting Today article on CPA exam pass rates falling in 2022
(35:59) - GAO says IRS gave up on computer systems upgrade
(39:49) - Thank you to our sponsor, First Republic Bank
(40:35) - Republican bill to abolish the IRS
(43:15) - Lets talk about Adani Group's auditors
(46:20) - Tether releases latest attestation report
(48:51) - Nikole's voicemail and the Accounting High bracket
(51:32) - Company holds "funeral" for QuickBooks
(53:35) - Blake reads some listeners comments and feeback
(58:05) - Wrap up and the CAP is going ti Expensicon!
(59:46) - Classifieds
(59:48) - Client Hub
(01:00:24) - RightTool
(01:00:46) - Federal Tax Updates Podcast
(01:01:59) - How to advertise in these classifieds