The Accounting Podcast IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity
Why AICPA's 12-point plan won't solve the CPA crisis; Earnings reports from Intuit, Sage, and Xero; Ramp adds AI features to spend management platform; why grads are ditching jobs at the Big Four; 70% of Gen Z employees would switch jobs for better tech, and more!
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Chapters
- (00:00) - IRS Loses $10 Billion In Debt Ceiling Deal & Proof ChatGPT Massively Increases Productivity
- (00:52) - Welcome to the show
- (04:52) - Potential debt-ceiling deal cuts IRS funding by $10 billion
- (07:38) - Chat GPT made workers 37% faster at completing tasks
- (11:44) - Accounting Today has ChatGPT retake the CPA exam
- (16:36) - Number of people taking accountancy exams drops to lowest level in 17 years
- (19:23) - WSJ article on the accounting industry’s low starting pay problem
- (23:35) - The AICPA's 12-point plan to solve the accountant shortage
- (35:13) - Thetab.com article on why grads are ditching jobs at Big Four firms
- (38:13) - Update on the IRS's Free File tax system
- (41:18) - Let's talk about the Intuit earnings call
- (46:38) - Sage had their earnings call
- (48:43) - Ramp announces "Ramp Intelligence"
- (53:31) - Employee satisfaction reached an all-time high last year
- (55:33) - Gen Z employees would change jobs for better tech
- (01:01:34) - Wrap up and where to reach us. See you at AICPA Engage!
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Show Notes
New MIT Research Shows Spectacular Increase In White Collar Productivity From ChatGPT – JOSH BERSIN
ChatGPT retakes CPA Exam as v4.0, passes | Accounting Today
https://www.accountingtoday.com/news/chatgpt-retakes-cpa-exam-as-v4-0-passes
AICPA Council approves CPA pipeline plan | Accounting Today
https://www.accountingtoday.com/news/aicpa-council-approves-cpa-pipeline-plan
70% of Gen Z Employees Say They Would Switch Jobs for Better Tech: Weekly Stat
AICPA details plans to boost CPA pipeline | Accounting Today
https://www.accountingtoday.com/news/aicpa-details-plans-to-boost-cpa-pipeline
Overworked and underpaid: Why grads are ditching jobs at the Big Four
https://thetab.com/uk/2023/05/10/big-four-grad-scheme-whats-it-like-306634
The Future of AI in Finance is Here | Ramp Intelligence
Numbers taking US accountancy exams drop to lowest level in 17 years | Financial Times
https://www.ft.com/content/e8dc2264-6b8d-4ed5-8bbd-e4a67e7d1e46
Avii Announces Significant Uplifts to Financial Modules In Avii ...
Overworked and underpaid: Why grads are ditching jobs at the Big Four
https://thetab.com/uk/2023/05/10/big-four-grad-scheme-whats-it-like-306634
Sage Intact Launches Native AP Bill Automation to Cut Down on ...
Intuit Inc. (INTU) Q3 2023 Earnings Call Transcript
https://seekingalpha.com/article/4606883-intuit-inc-intu-q3-2023-earnings-call-transcript
Intuit (INTU) Reports Q3 Earnings: What Key Metrics Have to Say
ChatGPT retakes CPA Exam as v4.0, passes
https://www.accountingtoday.com/news/chatgpt-retakes-cpa-exam-as-v4-0-passes
Xero reports 28% year-over-year growth https://www.accountingtoday.com/news/xero-reports-28-year-over-year-growth
Pentagon Says Accounting Mistake Leaves U.S. With $3 Billion ...
AICPA details plans to boost the CPA pipeline
https://www.accountingtoday.com/news/aicpa-details-plans-to-boost-cpa-pipeline
AICPA releases expanded plan for addressing CPA pipeline ...
IRS to pilot free tax prep system in January