The Accounting Podcast

China Tells State Firms To Drop Big Four Auditors

Mar 1, 2023

01:03:11

IRS stuck on 1970's technology; Twitter poll says change back to 120 hours; Photos prove accounting thought leaders met; Intuit's 2023 Q2 Results

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(00:00) - China Tells State Firms to Drop Big Four
(00:25) - Preview: "The IRS is broken"
(01:09) - Blake and David recap the CPA Educators Conference
(08:27) - Some quick listener feedback and Blake interviewed a guest earlier in the week
(10:44) - China is telling firms to drop their Big 4 auditors
(14:30) - Some updates from Intuit's latest earnings report
(19:27) - Blake gives live Chat GPT demo on email responses
(24:19) - Vanderbilt University is getting criticized for using Chat GPT to write sympathy email to Michigan State
(25:42) - The IRS is using 60 year old technology and won't upgrade it
(30:42) - Open Secrets article on Intuit's lobbying money
(34:29) - Blake checks in on some live viewer chat
(36:15) - The Big 4 and their purpose statements
(39:11) - Interview with Jimmy Corley and the 150 hour rule
(55:18) - Blake shares a poll from Twitter on 150 hour requirement
(57:01) - Criticism on CPA Practice Advisors photo op and article on future of profession
(59:22) - Join us next week and where to reach Blake and David

Show Notes

Opinion | Badly outdated technology plagues the IRS - The Washington Post

https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

China urges state firms to drop Big Four auditors on data risk | Accounting Today

https://www.accountingtoday.com/articles/china-urges-state-firms-to-drop-big-four-auditors-on-data-risk

Twitter Poll: Should 150 college credits be required or 120 to be a CPA?

https://twitter.com/mikesyl36625988/status/1626946277127729155?s=12&t=ETTs0WOvobuoMmjCN8GztQ

What You Should Know About Changing the 150 Hour Rule Before You Debate For or Against It

https://www.goingconcern.com/150-hour-rule-changes-issues/

Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Tax

https://www.cpapracticeadvisor.com/2023/02/21/accounting-thought-leaders-discuss-future-of-advisory-and-tax/76941/

Opinion | The IRS should not be running on 60-year-old technology

https://www.washingtonpost.com/opinions/2023/02/22/outdated-technology-irs/

Intuit's (INTU) Q2 Earnings and Revenues Beat Estimates

https://www.zacks.com/stock/news/2058809/intuit-s-intu-q2-earnings-and-revenues-beat-estimates?cid=CS-ZC-FT-analyst_blog|earnings_article-2058809

China to shift away from Big Four accounting firms

https://asiatimes.com/2023/02/china-to-shift-away-from-big-four-accounting-firms/

Intuit Inc. (INTU) Q2 2023 Earnings Call Transcript

https://seekingalpha.com/article/4581444-intuit-inc-intu-q2-2023-earnings-call-transcript

Intuit Reports Strong Second Quarter Results and Reiterates Full Year Guidance

http://www.businesswire.com/news/home/20230223005037/en/Intuit-Reports-Strong-Second-Quarter-Results-and-Reiterates-Full-Year-Guidance

How CPA Firms Are Engaging the Next Tax and Accounting Pros

https://news.bloombergtax.com/tax-insights-and-commentary/how-cpa-firms-are-engaging-the-next-tax-and-accounting-pros

TurboTax parent company Intuit is pouring more money than ever into lobbying amid push for free government-run tax filing

https://www.opensecrets.org/news/2023/02/turbotax-parent-company-intuit-is-pouring-more-money-than-ever-into-lobbying-amid-push-for-free-government-run-tax-filing/

Get in Touch

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