The Accounting Podcast Is Intuit Going Enterprise? In THIS Economy?
In this episode, Blake and David dive into Intuit's strategic shift towards enterprise solutions, discussing the potential impact on the accounting industry. They also examine some recent economic trends, including the U.S. debt situation and its comparison to historical empires. They then get into audit deficiency rates reported by the PCAOB, highlighting the need for transparency and reform in the auditing profession. There's also talk AI applications in education, recent accounting scandals, and more challenges facing the accounting industry.
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Chapters
- (01:50) - Intuit's Strategic Shift to Enterprise
- (04:42) - Intuit's Pricing and Market Position
- (13:11) - Economic Outlook and Accountants' Perspectives
- (21:45) - China's Debt and Bankruptcy System
- (28:52) - Listener Mail and Industry Insights
- (35:56) - A Compromise Between Hourly Billing and Subscription Pricing
- (45:33) - AI as a Personal Tutor
- (46:34) - Understanding SAFE Notes
- (54:24) - AI in Retail and Business
- (01:01:47) - Audit Deficiencies and Industry Issues
- (01:25:34) - Conclusion and Final Thoughts
Show Notes
Intuit (INTU) Q4 2024 Earnings Call Transcript
6 podcast episodes CFOs should listen to before summer ends
Accountants bearish, mostly
https://www.accountingtoday.com/news/accountants-bearish-mostly-save-for-their-own-firm-and-clients
Goldman Sachs Lowers Probability of US Recession
https://www.investopedia.com/goldman-sachs-lowers-probability-of-us-recession-8697194
China’s Punishment for People With Bad Debts: No Fast Trains or Nice Hotels
Target to Roll Out Transformative GenAI Technology to its Store Team Members Chainwide
N.J. Accounting Professor Convicted of Tax Evasion
Everyone from the sunken yacht off Sicily has now been accounted for
PCAOB Posts 2023 Annual Inspection Reports Alongside Staff Observations and New Charts To Boost Transparency
EY Sheds U.S. Audit Clients in Response to Shortfalls
https://www.wsj.com/articles/ey-sheds-u-s-audit-clients-in-response-to-shortfalls-2ba1172e
Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback
Auditors failed to raise alarm before 75% of UK corporate collapses
https://www.ft.com/content/14a63c36-ba27-495c-96c0-3d34460d73cc
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