Accounting Professor Bills Trump $900,000 for Expert Testimony

Just in time for the holidays, Blake and David examine the accounting professor from NYU who charged Trump nearly $900,000 for expert testimony. They also tackle issues around accountant retention and turnover, tax updates, the financial operations of Hamas, as well as Hunter Biden's indictment on tax charges, and tips for using spreadsheets in filmmaking and other creative projects. All this and more to keep you entertained while you wrap those last-minute gifts!

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Chapters

• (00:38) - Who knew being an expert witness paid so well
• (06:49) - Former Wall Street accountant leaves profession to become an escort and exotic dancer
• (09:43) - Illinois retention survey
• (17:27) - Has AI job replacement theory reached mainstream?
• (18:37) - Why employees resign
• (21:02) - Accounting rules and the supply of accountants
• (25:00) - FASB announces new rules for cryptocurrencies
• (26:14) - IRS expanding their modernization efforts for technology
• (27:55) - FinCEN updates a new service opportunity for accountants
• (34:27) - Former Jaguars employee accused of stealing over $22 million
• (39:30) - Nikola founder sentenced to prison for fraud
• (43:17) - 64% of employees waste time due to lack of deadlines
• (45:27) - EY laying off US partners
• (48:35) - EY names Janet Truncale first female global CEO of big 4 firm
• (49:27) - The IRS plans reorg at the highest leadership levels
• (50:09) - Israel and the US knew of Hamas bank account
• (54:07) - Hunter Biden's indictment
• (58:29) - All Sorts director demonstrates how he uses spreadsheets
• (01:02:14) - Wrap up and where to reach us

 

Show Notes

Trump PAC paid for expert witness testimony in NY civil fraud trial

https://www.nbcnews.com/politics/donald-trump/trump-pac-paid-expert-witness-testimony-ny-civil-fraud-trial-rcna128804

 

EY Is Laying Off U.S. Partners Amid Tough Economic Conditions – WSJ

https://www.wsj.com/articles/ey-is-laying-off-u-s-partners-amid-tough-economic-conditions-9efc4aa6

 

Accounting Rules and the Supply of Accountants by Anthony Le :: SSRN

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4666335

 

Righting Retention - Insight Special Feature

https://www.icpas.org/information/professional-issues/talent-retention

 

Stripper and escort rakes in $34k per week catering to Wall Street

https://nypost.com/2023/12/18/business/stripper-and-escort-rakes-in-34k-per-week-catering-to-wall-street/

 

FinCEN ramps up guidance as beneficial ownership requirements looms | Accounting Today

https://www.accountingtoday.com/opinion/fincen-ramps-up-guidance-as-beneficial-ownership-requirements-fast-approach

 

Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Trucks

https://www.wsj.com/us-news/law/trevor-milton-lied-about-nikolas-zero-emission-trucks-is-that-worth-a-decade-in-prison-ae35ce40

 

64% of Employees Waste Hours Due to Lack of Deadlines | CFO

https://www.cfo.com/news/64-of-employees-waste-hours-due-to-lack-of-deadlines/702774/

 

IRS Expands Business Tax Account Tool To Include S Corps And Partnerships

https://www.forbes.com/sites/kellyphillipserb/2023/12/18/irs-expands-business-tax-account-tool-to-include-s-corps-and-partnerships/

 

Israel Found the Hamas Money Machine Years Ago. Nobody Turned It Off.

https://www.nytimes.com/2023/12/16/world/europe/israel-hamas-money-finance-turkey-intelligence-attacks.html?smid=nytcore-ios-share&referringSource=articleShare

 

Hunter Biden Charged With Evading Taxes on Millions From Foreign Firms

https://www.nytimes.com/2023/12/07/us/politics/hunter-biden-indictment.html

 

Former Jaguars employee accused of stealing over $22 million – ESPN

https://www.espn.com/nfl/story/_/id/39059710/former-jaguars-employee-accused-stealing-22-million

 

EY names Janet Truncale as first female global CEO of Big Four firm | Accounting Today

https://www.accountingtoday.com/articles/ey-names-janet-truncale-as-first-female-global-ceo-of-big-four-firm

 

NY AG disputes Trump expert’s GAAP analysis      

https://www.cfodive.com/news/gaap-holds-spotlight-final-stretch-250m-trump-civil-fraud/702327/

Hunter Biden Indicted On Criminal Tax Charges In California

https://www.forbes.com/sites/kellyphillipserb/2023/12/08/hunter-biden-indicted-on-criminal-tax-charges-in-california/

 

Hunter Biden Charged with Tax Crimes in Los Angeles

https://www.cpapracticeadvisor.com/2023/12/11/hunter-biden-charged-with-tax-crimes-in-los-angeles/98977/

 

Trump's accounting expert trashes NY's 'absurd' fraud case

https://www.accountingtoday.com/articles/trumps-expert-accounting-witness-trashes-nys-absurd-fraud-case-in-court-clash

 

Donald Trump returns to court, lauds his defense expert who sees no evidence of accounting fraud