Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferences

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• (00:05) - Preview: Accounting is in a bad place
• (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests
• (07:27) - Amanda, why was this tax season harder than last?
• (09:13) - Tell us more about the Padgett REtreat
• (10:41) - What are some ways to think about raising your prices?
• (13:44) - The accounting shortage is affecting cities getting credit scores
• (22:36) - NASBA extends the time to take the CPA exam to 30 months
• (24:48) - AI and its future in accounting
• (27:09) - Canopy integrates ChatGPT into their suite
• (29:09) - PWC to invest $1 billion over the next 3 years in AI
• (33:10) - How long do you think until smaller and midsize firms will be using AI
• (35:14) - Lili Bank promises one-button accounting
• (46:17) - Listener mail about staff not being given chances to go to conferences
• (49:02) - Are accounting students set up only for the benefit of the Big 4 firms?
• (53:16) - Wrap up and thanks for listening

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Show Notes

ChatGPT Fails When It Comes to Accounting, Finds Major Study

https://www.latestly.com/technology/chatgpt-fails-when-it-comes-to-accounting-finds-major-study-5078092.html

KPMG Joins MindBridge in Global Launch of AI-Assisted Audit Tech
https://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-tech

What Microsoft’s Dynamics GP Announcement Means for the User Community

https://dynamicscommunities.com/ug/dynamics-gp-ug/what-microsofts-dynamics-gp-announcement-means-for-the-user-community/

ChatGPT is still no match for humans when it comes to accounting             

https://phys.org/news/2023-04-chatgpt-humans-accounting.html

Lili Claims Super App Status With New Accounting Platform

https://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/

Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ...

https://www.businesswire.com/news/home/20230418005500/en/Leading-Financial-Platform-Lili-Launches-%E2%80%98Lili-Smart%E2%80%99-to-Integrate-and-Consolidate-Accounting-Services-into-Small-Business-Banking

KPMG signs AI deal to improve audit transparency            

https://www.accountancydaily.co/kpmg-signs-ai-deal-improve-audit-transparency

NASBA extends time to complete the CPA exam to 30 months

https://www.accountingtoday.com/news/nasba-extends-time-to-complete-the-cpa-exam-to-30-months

Accounting Bachelors Degree Requirements: What You Need to Know

https://seaver.pepperdine.edu/blog/posts/accounting-bachelors-degree-requirements-what-you-need-to-know.htm

ChatGPT: How AI will change law, finance, accounting and property ...       

https://www.afr.com/work-and-careers/workplace/how-chatgpt-will-change-these-four-industries-20230328-p5cvzx

Canopy Launches ChatGPT AI in Accounting Practice Management Software

https://www.einnews.com/pr_news/629260399/canopy-launches-chatgpt-ai-in-accounting-practice-management-software

Accountant shortage hurts city credit scores         

https://fortune.com/2023/04/21/accountant-shortage-affecting-city-credit-scores/

Technology News | ⚡Study Finds ChatGPT No Match for Human When It Comes to Accounting

https://www.latestly.com/quickly/technology/study-finds-chatgpt-no-match-for-human-when-it-comes-to-accounting-5078092.html

PwC Stakes $1 Billion on AI Investments in Tax, Consulting Work

https://news.bloombergtax.com/financial-accounting/pwc-us-partners-with-microsoft-in-1-billion-ai-investment

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