The Accounting Podcast Remote Work Going Away or Here to Stay?
Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the commercial real estate market's challenges due to the shift towards remote work and its potential implications for the banking sector. Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for small businesses.
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Chapters
- (00:49) - Blake's Fitness Journey with Apple Watch
- (03:16) - Impact of Remote Work on Health and Productivity
- (06:25) - Amazon's Return to Office Policy
- (11:36) - CEO Perspectives on Remote Work
- (24:14) - Commercial Real Estate Crisis
- (28:07) - Accounting Standards and Bank Balance Sheets
- (31:25) - Listener Questions and Comments
- (45:06) - The Sunk Cost Fallacy in Real Estate
- (45:41) - The Looming Commercial Real Estate Bust
- (47:51) - The Role of Intangible Assets in Modern Accounting
- (51:24) - The CPA Journey: Is It Worth It?
- (52:09) - The Kenneth CPA Hack
- (01:01:54) - The BOI Reporting Controversy
Show Notes
How Remote Work Is Impacting Accounting Firms
https://cpatrendlines.com/2024/09/22/how-remote-work-is-impacting-accounting-firms/
2024 KPMG U.S. CEO Outlook Pulse Survey
https://kpmg.com/us/en/articles/2024/kpmg-2024-ceo-outlook-pulse-survey.html
Amazon tells employees to return to office five days a week
Wells Fargo employee found dead at her desk days after she last clocked into work, authorities say
https://www.cnn.com/2024/08/31/us/wells-fargo-employee-desk-arizona/index.html
Eric Schmidt Calls Remote Work a Mistake for Google in Disappearing Video
Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits and for Violating Auditor Independence Requirements
https://www.sec.gov/newsroom/press-releases/2024-133
Beneficial Ownership Reporting Outreach and Education Toolkit
https://www.fincen.gov/boi/toolkit
BOI requirements roll along despite concerns about too little outreach
https://www.journalofaccountancy.com/news/2024/aug/boi-reporting-requirements.html
Property Fraud Allegations Snowball as Commercial Real Estate Values Fall
Nearly a Quarter of Office Space in the U.S. Will Be Empty by 2026
Big Banks are Taking Hits from Commercial Real Estate
https://www.wsj.com/finance/banking/commercial-property-loans-real-estate-banks-249a43b9
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