Ohio Killed The 150-Hour Rule - Who's Next?

Jan 18, 2025

Blake and David tackle Ohio's groundbreaking move to end the 150-hour CPA rule, which could spark similar changes in other states. They dissect the implications of Blackstone's acquisition of Citrin Cooperman and how private equity is reshaping accounting firms. A lively debate unfolds around return-to-office policies, as data shows a trend towards mandatory in-office days. Finally, the hosts question the effectiveness of Net Promoter Scores in gauging client satisfaction, urging firms to rethink their feedback strategies.

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INSIGHT

Private Equity's Interest in Accounting Firms

Blackstone's acquisition of Citrin Cooperman demonstrates private equity's growing interest in accounting firms.
This acquisition, however, may be driven by Blackstone's existing music industry investments, not solely by a desire to own accounting firms.

ANECDOTE

Blake's Hand Injury Recovery

Blake Oliver shares a personal update on his hand injury recovery, highlighting the quick healing process thanks to titanium screws.
He contrasts this experience with a previous wrist injury that took much longer to heal.

INSIGHT

California's Insurance Crisis

California's insurance crisis stems from regulations preventing insurers from using predictive models, forcing them to rely on historical data.
This leaves them underprepared for increasing climate change-related risks and leads to dropped policies.

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