We're joined by Ashley the CPA (@seattle_tax) to talk about artificial intelligence coming soon to Microsoft products plus all the news you can use at the intersection of accounting and technology.SponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileTech Guru - https://cloudaccountingpodcast.promo/techguruHelcim - https://cloudaccountingpodcast.promo/helcimChapters(00:00) - ChatGPT is only the beginning (01:23) - Introduction and welcome Ashley to the show (03:12) - Microsoft Copilot updates (09:08) - A new Microsoft Teams is coming (11:11) - Report from Microsoft says meetings are the #1 productivity killer (16:26) - A very small percentage of accountants are using these tools (20:57) - How is consistency with AI? (23:09) - Personalized training for these AI's (33:56) - ChatGPT ads plugins (37:28) - TurboTax is adding AI (42:26) - Why should you learn AI now? (48:23) - Tell us about your newsletter Ashley (58:18) - Blake asks ChatGPT to book him a flight (01:01:52) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesMicrosoft Crunches Some Data to Find Out Teams is the Biggest Productivity Killer at Workhttps://www.goingconcern.com/microsoft-crunches-some-data-to-find-out-teams-is-the-biggest-productivity-killer-at-work/ The No. 1 workplace distraction that kills productivity, according to Microsofthttps://www.cnbc.com/2023/05/09/the-no-1-workplace-distraction-that-kills-productivity-according-to-microsoft.html Meet our Guest, Ashley Francis, CPALinkedIn: https://www.linkedin.com/in/ashley-francis-0115073/Website: https://kitchentableautomations.substack.com/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/ Benchmark Growth - https://marketingforaccountingfirms.com/mastermind/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We're back from ExpensiCon in Italy with thoughts on Expensify's future and the future of spend management; a report from Kristen Keats at Accounting Today's Firm Growth Forum conference; ChatGPT coming soon to a Wendy's drive-thru near you!SponsorsCCH Access - https://cloudaccountingpodcast.promo/axcessSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:25) - Every Payment Is A Conversation (01:11) - Blake and David are back from Italy (05:01) - Let’s talk about ExpensiCon (10:09) - The original Expensify and ExpensiCon (12:36) - The new Expensify they're building (18:12) - Expensify is adding great tech support (25:14) - The future of Expensify (30:13) - How much do we think this event cost and playing the long game (41:24) - Some general observations on Italy (49:04) - Kristen Keats checks in from Accounting Today's conference (56:34) - Let's hear some listener reviews of CAP (57:16) - Is AI encouraging or discouraging for accountants and jobs? (01:01:45) - Wendy's Fresh AI (01:04:13) - ChatGPT 4 passes CPA exam (01:05:36) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesExpensify Launches Transactional Chat for Accountants - Business Wirehttps://stocks.apple.com/ATL9AZYOSSKO_4jLMtB30pA Wendy’s to Launch AI-Powered Drive-Thru Service             https://smallbiztrends.com/2023/05/ai-drive-thru-wendys-google-cloud.html What if AI could rebuild the middle class? : Planet Money : NPRhttps://www.npr.org/sections/money/2023/05/09/1174933574/what-if-ai-could-rebuild-the-middle-classGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Accounting Today said ChatGPT failed the CPA Exam — here's why that's misleading; a WSJ reporter clones herself with AI and tricks her bank and family; TurboTax tops the TV ads for tax year 2022; Audit firms remove partners who fault clients' internal controls; 80 percent of BDO Alliance partners vote to eliminate or modify the 150-hour ruleSponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileCCH Axcess - https://cloudaccountingpodcast.promo/axcessSuiteFiles - https://cloudaccountingpodcast.promo/suitefilesChapters(00:00) - ChatGPT Was Set Up To Fail The CPA Exam (00:30) - Does the accounting profession give your life meaning? (01:00) - Welcome to the show, David is on the road this week (04:49) - Accounting Today says ChatGPT completely failed CPA exam (07:48) - Blake ran some of his own tests with GPT-4 and takeaways people should get from this article (13:23) - WSJ article on the potential of AI and fraud (15:09) - Blake plays clips of Joanna's voice cloned compared to her actual voice (18:28) - TechCrunch article on Intuit's AI journey (23:35) - Accounting Today article on firms removing audit partners from engagements where they found internal control problems (28:41) - Accounting Today: PCAOB turns up the heat on auditing firms (32:20) - Three failed banks all had KPMG in common (38:26) - Which brands spent the most money on ads around tax day 2023? (41:30) - TurboTax starts sending out checks as part of "free free free" settlement (42:58) - Listener email about the 150 hour rule and underpaid CPAs (46:57) - BDO Alliance poll results on the 150 hour requirement (50:29) - Blake buys MedEvac insurance for the first time (53:09) - Some quick app news roundup (58:33) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesKPMG pens deal with MindBridge to apply AI to digital audits | Accounting Todayhttps://www.accountingtoday.com/news/kpmg-pens-deal-with-mindbridge-to-apply-ai-to-digital-audits We ran the CPA exam through ChatGPT and it failed miserably | Accounting Todayhttps://www.accountingtoday.com/news/we-ran-the-cpa-exam-through-chatgpt-and-it-failed-miserably I Cloned Myself With AI. She Fooled My Bank and My Family.        https://www.wsj.com/articles/i-cloned-myself-with-ai-she-fooled-my-bank-and-my-family-356bd1a3 Audit firms remove partners who fault clients' internal controls | Accounting Todayhttps://www.accountingtoday.com/news/audit-firms-remove-partners-who-fault-clients-internal-controls BDO Alliance poll of managing partners on 150-hour rulehttps://twitter.com/BlakeTOliver/status/1654553693830914048 TurboTax customers to receive checks for $141M settlement        https://apnews.com/article/turbotax-inuit-settlement-checks-mail-0c01cf25aa34693163886d135f7a6560Accounting automation developer Gappify scores $10mhttps://fintech.global/2023/05/02/accounting-automation-developer-gappify-scores-10m/             Intuit’s shifthttps://techcrunch.com/2023/04/27/intuit-ai-shift/ Hundreds Of Tax Prep Services Hit The Airwaves Before April https://www.insideradio.com/free/hundreds-of-tax-prep-services-hit-the-airwaves-before-april-18/article_b59beb46-e5a2-11ed-a08f-d7b730e240b8.html We had ChatGPT take the CPA exam — and it failed           https://www.accountingtoday.com/news/we-ran-the-cpa-exam-through-chatgpt-and-it-failed-miserably ChatGPT Just Failed This Accounting Examhttps://www.digitalinformationworld.com/2023/04/chatgpt-just-failed-this-accounting-exam.html Accounting clerk created original art on billing statements to help a patient healhttps://www.cbsnews.com/video/accounting-clerk-created-original-art-on-billing-statements-to-help-a-patient-heal/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: ht...

Matt Rissell of TSheets dead in apparent murder-suicide; a review of the AI features you can use right now in Client Hub, Canopy, Karbon, Financial Cents and... Sturppy?; This week's guest: Giles Pearson, CEO of AccountestsSponsorsOnPay - https://cloudaccountingpodcast.promo/onpayRelay - https://cloudaccountingpodcast.promo/relayTech Guru - https://cloudaccountingpodcast.promo/techguruChapters(00:00) - Have your AI contact my AI (00:21) - Introduction and thoughts on the horrible news of Matt Rissell
 (06:18) - Some of the history of TSheets
 (12:36) - Practical application of Chat GPT and AI
 (20:10) - Giles was a partner at PwC
 (25:46) - Blake check on the live chat discussion (00:50) - David has used ChatGPT to create and organize his calendar appointments
 (30:43) - Let's look at Client Hub using their AI integration to help create tasks
 (35:09) - Lets see how Canopy can help you draft emails
 (37:51) - What Karbon has done with email
 (44:48) - Is Giles using AI for anything?
 (45:42) - Financial Sense integrates with ChatGPT
 (47:52) - Expensify's genius AI blog post
 (49:40) - Sturppy's AI virtual CFO (00:30) - Wrap up and where to reach everyone
 (57:07) - Congressional letter written about AI to create tax scams
 (58:56) - Where to learn more about Accountest and follow Giles Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesKarbon AI | Karbon         https://karbonhq.com/feature/ai/ Founder of TSheets Dies in Self-Inflicted Shootinghttps://www.cpapracticeadvisor.com/2023/05/04/founder-of-tsheets-dies-in-self-inflicted-shooting/79360/ Senators want IRS to stop AI-generated tax scamshttps://www.accountingtoday.com/news/senators-want-irs-to-stop-chatgpt-generated-ai-tax-scams “What is the Best Expense Management App?” according to ChatGPT?https://blog.expensify.com/2023/05/02/what-is-the-best-expense-management-app-according-to-chatgpt/ TSheets founder Rissell dead after what police call attempted murder/suicide in Eagle homehttps://boisedev.com/news/2023/05/04/matt-rissell-dead/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting.Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPEChapters(00:00) - Preview: What does Hash Basis do? (00:50) - Introduction and welcome Mackenzie to the show (02:04) - A little bit of Mackenzie's background (04:24) - Did you instantly love accounting? (10:39) - What did you do after college? (11:47) - What does revenue accounting look like in crypto? (13:58) - Are you seeing more accountants who specialize in crypto accounting? (18:32) - How did you get into crypto specifically? (20:40) - Can you walk us through some fundamentals of crypto accounting? (28:31) - What is streaming payroll and payments? (31:53) - What resources do you do to stay up to date on crypto and crypto accounting? (34:51) - FASB guidance has come out (35:31) - What do you think about wrapped tokens now being counted as impaired? (42:08) - Tell us about your new company, Hash Basis (44:14) - Mackenzie will be speaking at EDAS (46:13) - Thanks for listening and please subscribe for new episodes Connect with our guest, Mackenzie Patellinkedin.com/in/mackenziepatel/twitter.com/maccbasisConnect with Patlinkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBWFollow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspodLeave a review on Apple Podcasts or PodchaserSubscribe to the Crypto With Accountants Podcast in your favorite podcast app!This podcast is a production of the Earmark Media

Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferencesSponsorsCCH Axcess - https://cloudaccountingpodcast.promo/axcessZoho - https://cloudaccountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:05) - Preview: Accounting is in a bad place (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests (07:27) - Amanda, why was this tax season harder than last? (09:13) - Tell us more about the Padgett REtreat (10:41) - What are some ways to think about raising your prices? (13:44) - The accounting shortage is affecting cities getting credit scores (22:36) - NASBA extends the time to take the CPA exam to 30 months (24:48) - AI and its future in accounting (27:09) - Canopy integrates ChatGPT into their suite (29:09) - PWC to invest $1 billion over the next 3 years in AI (33:10) - How long do you think until smaller and midsize firms will be using AI (35:14) - Lili Bank promises one-button accounting (46:17) - Listener mail about staff not being given chances to go to conferences (49:02) - Are accounting students set up only for the benefit of the Big 4 firms? (53:16) - Wrap up and thanks for listening Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesChatGPT Fails When It Comes to Accounting, Finds Major Studyhttps://www.latestly.com/technology/chatgpt-fails-when-it-comes-to-accounting-finds-major-study-5078092.htmlKPMG Joins MindBridge in Global Launch of AI-Assisted Audit Techhttps://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-techWhat Microsoft’s Dynamics GP Announcement Means for the User Communityhttps://dynamicscommunities.com/ug/dynamics-gp-ug/what-microsofts-dynamics-gp-announcement-means-for-the-user-community/ ChatGPT is still no match for humans when it comes to accounting             https://phys.org/news/2023-04-chatgpt-humans-accounting.html Lili Claims Super App Status With New Accounting Platformhttps://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/ Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ...https://www.businesswire.com/news/home/20230418005500/en/Leading-Financial-Platform-Lili-Launches-%E2%80%98Lili-Smart%E2%80%99-to-Integrate-and-Consolidate-Accounting-Services-into-Small-Business-Banking KPMG signs AI deal to improve audit transparency            https://www.accountancydaily.co/kpmg-signs-ai-deal-improve-audit-transparency NASBA extends time to complete the CPA exam to 30 monthshttps://www.accountingtoday.com/news/nasba-extends-time-to-complete-the-cpa-exam-to-30-months Accounting Bachelors Degree Requirements: What You Need to Knowhttps://seaver.pepperdine.edu/blog/posts/accounting-bachelors-degree-requirements-what-you-need-to-know.htm ChatGPT: How AI will change law, finance, accounting and property ...       https://www.afr.com/work-and-careers/workplace/how-chatgpt-will-change-these-four-industries-20230328-p5cvzx Canopy Launches ChatGPT AI in Accounting Practice Management Softwarehttps://www.einnews.com/pr_news/629260399/canopy-launches-chatgpt-ai-in-accounting-practice-management-software Accountant shortage hurts city credit scores         https://fortune.com/2023/04/21/accountant-shortage-affecting-city-credit-scores/ Technology News | ⚡Study Finds ChatGPT No Match for Human When It Comes to Accountinghttps://www.latestly.com/quickly/technology/study-finds-chatgpt-no-match-for-human-when-it-comes-to-accounting-5078092.html PwC Stakes $1 Billion on AI Investments in Tax, Consulting Workhttps://news.bloombergtax.com/financial-accounting/pwc-us-partners-with-microsoft-in-1-billion-ai-investmentGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.com...

FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more!SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowChapters(00:00) - CAP 329 (00:39) - PREVIEW: How ChatGPT saved Erica (01:09) - Introduction (07:48) - FTX had 80,000 transactions in Ask My Accountant (12:04) - Blake plays a clip from the All-In podcast on AI accounting (17:25) - ChatGPT vs real accountants and students on tests (25:48) - Hector Garcia's example of using ChatGPT for analysing financial statements (31:24) - Is Erica using ChatGPT at all in her firm? (36:18) - EY breakup news (42:13) - Donna's voicemail on her sons college tour and accounting majors (48:18) - Deloitte kicks off program for high school students to earn accounting credits (49:29) - Can AI help save education? (52:48) - The IRS shows customer service improvements in 2023 (54:22) - Are accountants actually experiencing a better tax season? (01:01:49) - Crazy MYOB commercial (01:03:41) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesBlake Oliver on Twitter: "My speaking session was selected for #Expensicon”https://twitter.com/BlakeTOliver/status/1649440639355097088 SURVEY: Busy Season Looking Good - CPA Trendlines         https://cpatrendlines.com/2023/04/10/survey-busy-season-looking-good/ EY Confronts Slowing Growth After Breakup Deal Fails - WSJ          https://www.wsj.com/articles/ey-confronts-slowing-growth-after-breakup-deal-fails-9442c85d Magic Workflow: AI-Powered Workflow and Process Generator   https://clienthub.app/blog/new-feature-magic-workflowai-powered-workflow-and-process-generator/ Ernst & Young has axed its plan for a split of its auditing and consulting arms, marking a dramatic and costly retreat                https://www.wsj.com/articles/ernst-young-halts-breakup-plan-bd2e2fa0Is that the IRS with your refund? No, it's a ChatGPT scamhttps://www.politico.com/newsletters/weekly-tax/2023/04/17/is-that-the-irs-with-your-refund-no-its-a-chatgpt-scam-00092169 Taylor Swift avoided $100 million FTX deal with securities question: lawyer https://www.businessinsider.com/taylor-swift-avoided-100-million-ftx-deal-with-securities-question-2023-4 ChatGPT less than 50% accurate in accounting exams, study finds https://www.accountancyage.com/2023/04/21/chatgpt-less-than-50-accurate-in-accounting-exams-study-finds/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/RightTool for QuickBooks Online - https://righttool.appFuture Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; The spreadsheet apocalypse, revisited; Former startup founder charged by prosecutors for defrauding JPMorgan Chase; EY split fails; watch out for AI voice cloning scams; and more!SponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileRelay - https://cloudaccountingpodcast.promo/relayClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - Preview: Incentives to allow fraudulent users (01:17) - Introduction and welcome to the show (04:16) - WSJ reports fraud indicator "M" score is up (10:30) - Should KPMG have issued a critical audit matter for SVB? (17:51) - EY no longer to split off auditing (20:14) - JPMorgan defrauded for $175 million by startup founder (25:00) - CPA in Bakersfield stole $355,000 from investors (26:10) - Block accused of allowing fake accounts to boost their user growth numbers (29:27) - Square is changing their refund policy to not refund processing fees (30:42) - A few new Intuit announcements (33:45) - Security risks with AI and voice cloning is happening in real life (37:32) - Microsoft Loop (42:13) - Nicholas asks for recs for CPAs who want to start their own small firm (48:29) - Michael's email about barriers to CPA (50:01) - Corey from Minnesota CPA Society shares message and website with resources (51:06) - Will AI attract or detract more people to the accounting profession? (59:29) - Blake co-wrote an article for CPA Practice Advisor (01:04:10) - Wrap up and where to reach us Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesIntuit QuickBooks Launches Rest-of-World App Store - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/04/11/intuit-quickbooks-launches-rest-of-world-app-store/78582/ EY’s leaders missed a brewing revolt at the firm’s biggest operation. Soon, their deal was scuttledhttps://www.wsj.com/articles/ey-breakup-plan-doomed-by-miscalculations-and-powerful-opponents-61b7e02d ‘I’ve got your daughter’: Scottsdale mom warns of close call with AI voice cloning scamhttps://www.azfamily.com/2023/04/10/ive-got-your-daughter-scottsdale-mom-warns-close-encounter-with-ai-voice-cloning-scam/ Bond losses such as those at Silicon Valley Bank could have been raised as “critical audit matters”—a measure designed to help investors decode risks and uncertainties buried in financial statementshttps://www.wsj.com/articles/auditors-didnt-flag-risks-building-up-in-banks-6506585c Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chasehttps://www.nytimes.com/2023/04/04/business/charlie-javice-jpmorgan-fraud.html The Spreadsheet Apocalypse, Revisited [Chart]https://twitter.com/johnnosta/status/1641586085640695810?s=12 The M-Score is warning that the chance of fraud at major companies is the highest in over 40 years, writes Numbers columnist @JoshZumbrunhttps://www.wsj.com/articles/accounting-fraud-indicator-signals-coming-economic-trouble-506568a0 New Microsoft Loop app is built for co-creation | Microsoft 365 Bloghttps://www.microsoft.com/en-us/microsoft-365/blog/2023/03/22/new-microsoft-loop-app-is-built-for-modern-co-creation/ Shares of the payments company formerly known as Square fell more than 20% in early trading Thursday after a short seller questioned the company’s user numbers and accused it of predatory tacticshttps://www.wsj.com/articles/short-seller-hindenburg-says-jack-dorseys-payments-company-inflates-user-numbers-f3216466 Startup CEO charged in $175 million fraud case        https://abcnews.go.com/Business/startup-ceo-charged-175-million-fraud-case/story?id=98363900 Our Obsession with Hours Is Destroying the Accounting Professionhttps://www.cpapracticeadvisor.com/2023/04/12/our-obsession-with-hours-is-destroying-the-accounting-profession/78643/ Accounting firm EY calls off 'Project Everest' to break up firmhttps://www.bbc.com/news/65247525 Intuit QuickBooks Launches Rest-of-World App Storehttps://www.cpapracticeadvisor.com/2023/04/11/intuit-quickbooks-launches-rest-of-world-app-store/78582/ Intuit Mailchimp Launches Email Content Generatorhttps://www.destinationcrm.com/Articles/ReadArticle.aspx?ArticleID=158086 Mailchimp’s new GPT-powered AI tool can write marketing emailshttps://www.fastcompany.com/90877547/mailchimp-gpt-powered-tool-can-write-marketing-emailsGet in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details,

We’re joined by Heidi Henderson, EVP at Engineered Tax Services, for our weekly roundup of news at the intersection of accounting and technology. Topics include: How the IRS plans to spend $80 billion over the next 10 years; the top five TikTok tax myths; security issues with AI chatbots; CLA voices support for MNCPA’s 150-hour alternative; why revenue is up 20% in the top 100 firms, and more!SponsorsZoho - https://cloudaccountingpodcast.promo/zohoLiveFlow - https://cloudaccountingpodcast.promo/liveflowClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters(00:00) - CAP 327 (00:24) - PREVIEW: Breast implants are a tax write off? (01:08) - Welcome Heidi Henderson to the show and some background (06:36) - How did you get into tax credits? (08:32) - Heidi's take on ERC mills (11:56) - How will the IRS spend their $80 billion? (13:59) - Breakdown on how the IRS plans to spend that money (24:01) - Tax advice from TikTok (34:39) - What is the accounting pro's role in advising a client on taxes (37:47) - Accounting Today's April Fools Day post (39:40) - Minnestoa CPA Society gets a big supporter in CLA on the 150 rule (45:39) - Should we move the tax deadlines? (49:56) - SBF student fund for improving humanity has run dry (51:06) - Revenue for the top 100 firms was up almost 20% (54:54) - What impact will AI make on accounting? (01:01:11) - What are the potential risks of AI for accountants (01:05:38) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesThe accounting pipeline: 'Above all, try something'https://www.accountingtoday.com/opinion/the-accounting-pipeline-above-all-try-something ChatGPT Took Our CPA Public Accounting Test – Accountests Australiahttps://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-test The IRS reveals how it will spend its $80B               https://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b GPT Predicts Which Jobs the AI will replacehttps://www.reddit.com/r/Futurology/comments/128xl05/gpt_predicts_which_jobs_the_ai_will_replace/ CLA backs changes in 150-hour CPA requirement              https://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement File your taxes in 10 minutes? TurboTax says it’s possible with AI-powered ‘express lanes’https://www.fastcompany.com/90875480/turbotax-irs-ai-file-taxes-phone-fast-lane Collapse of FTX deprives academics of grants, stokes fears of forced repaymenthttps://www.reuters.com/technology/collapse-ftx-deprives-academics-grants-stokes-fears-forced-repayment-2023-04-06/ The Problem With the IRS Vow to Avoid Stepping Up Audits of Earners Under $400,000https://www.wsj.com/articles/the-problem-with-the-irs-vow-to-avoid-stepping-up-audits-of-earners-under-400-000-6ffa5185 Healthy Wealthy & Wise Accountants     https://healthywealthywise.show/5 Three ways AI chatbots are a security disaster  | MIT Technology Reviewhttps://www.technologyreview.com/2023/04/03/1070893/three-ways-ai-chatbots-are-a-security-disaster/ Accounting firm sets retirement age at 85 to avert staffing crisis | Accounting Todayhttps://www.accountingtoday.com/opinion/accounting-firm-sets-retirement-age-at-85-to-avert-staffing-crisis CLA backs changes in 150-hour CPA requirement | Accounting Todayhttps://www.accountingtoday.com/news/cla-backs-changes-in-150-hour-cpa-requirement The IRS reveals how it will spend its $80B | Accounting Todayhttps://www.accountingtoday.com/news/the-irs-reveals-how-it-will-spend-its-80b ChatGPT Took Our CPA Public Accounting Test – Accountests Australiahttps://www.au.accountests.com/blogs/news/chatgpt-took-our-cpa-public-accounting-testConnect with Heidi HendersonWebsite: http://engineeredtaxservices.comLinkedIn: https://www.linkedin.com/in/heidihendersonets/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store:

Using ChatGPT to audit; accounting salaries on the rise; misclassification of expenses at heart of Trump indictment; church sued for forcing employees to tithe; here's what you can do to help the accountant shortage; a dating sim that does your taxes; half of U.S. workers earn money from a side gig; CEOs quietly backtracking on remote work; where all the SVB depositor money wentSponsorsOnPay - https://cloudaccountingpodcast.promo/onpayZoho - https://cloudaccountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperChapters(00:00) - CAP 326 (00:23) - Preview: Where does hush money go on the GL? (00:57) - Welcome Adrienne to the show (03:14) - What impact will ChatGPT have on accounting? (08:39) - Accountant salaries are rising (11:17) - Blake checks in on the live stream chat (14:06) - CFO Dive study with Open AI on productivity boost and some of tech concerns with AI in general (17:54) - WSJ article on jobs most exposed to ChatGPT (22:31) - Adrienne saved 150 hours automating a task for Going Concern (25:35) - Intuit survey of accountants (29:18) - The Trump indictment (33:32) - Kirkland Chruch forced employees to donate 10% of salary to chruch (36:24) - Back to AGI talk and will it take our jobs? (47:24) - Going Concern article on dating sim game for taxes (53:58) - Automating your job and having a side gig (55:36) - CEO's are starting to backtrack on remote work (59:22) - Follow up with Silicon Valley Bank (01:03:08) - Relay is now the official banking partner of Profit First (01:04:56) - Wrap up and where to reach everyone Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show NotesA dating sim that does your taxes: https://taxheaven3000.com/ The Accountant Shortage is So Bad Anime Waifu Girlfriends Are Taking Up Tax Prep Now - Going Concern               https://www.goingconcern.com/anime-dating-sim-tax-prep-game/Accountants are using technology to level up their businesses     https://quickbooks.intuit.com/r/small-business-data/accountant-tech-survey-2023/ Where Did Startups Put Their SVB Cash?  At JP Morgan Chase      https://www.saastr.com/where-did-startups-put-their-svb-cash-at/ Want to Do Your Part to Help the Accountant Shortage? Here’s What You Can Do Right Nowhttps://www.goingconcern.com/want-to-do-your-part-to-help-the-accountant-shortage-heres-what-you-can-do-right-now/ Meta, Microsoft, and Disney are reversing their bets on the metaversehttps://finance.yahoo.com/news/meta-microsoft-disney-reversing-bets-123000778.html Math Teachers Stage a Calculated Protesthttps://www.washingtonpost.com/archive/local/1986/04/04/math-teachers-stage-a-calculated-protest/c003ddaf-b86f-4f2b-92ca-08533f3a5896/ Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040 Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merch SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastYouTube: https://www.youtube.com/c/CloudAccountingPodcastClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/ Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  The full transcript for this episode is available by clicking on the Transcript tab at the top of this page