AICPA's 8-Point Plan To Fix The Accounting Pipeline Problem

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

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• (00:00) - Thank you to our sponsor, OnPay
• (00:19) - Preview:
• (01:01) - Introduction and some of what we'll cover this episode
• (03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
• (10:30) - AICPA's town hall
• (16:43) - Thank you to our sponsor, OnPay
• (18:01) - Checking in on our live chat
• (21:12) - Matt asks for ideas on how he should obtain his 150 hours
• (27:47) - Thank you to our sponsor, Relay
• (29:55) - Accounting Today article on CPA exam pass rates falling in 2022
• (35:59) - GAO says IRS gave up on computer systems upgrade
• (39:49) - Thank you to our sponsor, First Republic Bank
• (40:35) - Republican bill to abolish the IRS
• (43:15) - Lets talk about Adani Group's auditors
• (46:20) - Tether releases latest attestation report
• (48:51) - Nikole's voicemail and the Accounting High bracket
• (51:32) - Company holds "funeral" for QuickBooks
• (53:35) - Blake reads some listeners comments and feeback
• (58:05) - Wrap up and the CAP is going ti Expensicon!
• (59:46) - Classifieds
• (59:48) - Client Hub
• (01:00:24) - RightTool
• (01:00:46) - Federal Tax Updates Podcast
• (01:01:59) - How to advertise in these classifieds

Show Notes

How Can We Make Accounting Cool? - WSJ          

https://www.wsj.com/articles/how-can-we-make-accounting-cool-11675973909

If You Let 23-Year-Olds Sign Off on Audits, You're Gonna Have a Bad Time

https://www.goingconcern.com/adani-group-auditors/

Why there's a national shortage of accountants 

https://www.marketplace.org/2023/02/07/as-tax-season-approaches-accounting-firms-are-short-on-staff/

Biden Vows to Veto GOP Plan to Abolish the IRS 

https://www.cpapracticeadvisor.com/2023/02/02/biden-vows-to-veto-gop-plan-to-abolish-the-irs/76458/

Controller - National Women's Soccer League (New York · NY)     

https://www.teamworkonline.com/soccer-jobs/nwslsoccer/nwsl-league-office/controller-2034269

What’s New in FreshBooks – 2023             

https://www.freshbooks.com/blog/product-updates-2023

Self-employed bookkeeping platform Hnry books $35 million Series B

https://www.startupdaily.net/topic/funding/self-employed-bookkeeping-platform-hnry-books-35-million-series-b/

McDonalds Presidents Says California FAST Act Will Kill Restaurants

https://smallbiztrends.com/2023/01/mcdonalds-presidents-says-california-fast-act-will-hurt-small-business.html

New York Requires Disclosure in Small Businesses Financing

https://www.pymnts.com/news/regulation/2023/new-york-requires-disclosure-in-small-businesses-financing/

Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog  

https://thehill.com/policy/finance/3837329-almost-70k-questionable-social-security-numbers-used-for-5-4b-in-pandemic-related-loans-watchdog/

The 15 largest banks in the US    

https://finance.yahoo.com/news/15-largest-banks-us-160040404.html

Football, lifeguarding, college and accounting      

https://hoganstand.com/article/index/326378

Password Managers – An Insightful Accountant Software Comparison

https://www.intuitiveaccountant.com/accounting-tech/vendor-news/password-managers-an-insightful-accountant-software-comparis/

IRS more likely to audit Black taxpayers 

https://www.accountingtoday.com/news/irs-more-likely-to-audit-black-taxpayers

Press Release- February 1, 2023: Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financing

https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202302011

Crypto’s One-Time Favorite Bank Faces Federal Probe Into FTX Relationship

https://www.pymnts.com/cryptocurrency/2023/cryptos-one-time-favorite-bank-faces-federal-probe-into-ftx-relationship/

US Bank launches automated direct deposit switching

https://bankautomationnews.com/allposts/payments/us-bank-launches-automated-direct-deposit-switching/

Chase to Expand Small Business Banking Workforce by 20%          

https://www.pymnts.com/digital-first-banking/2023/chase-to-expand-small-business-banking-workforce-by-20-pct/