Heat Is On SVB Auditors & Hot Takes From A Tax Lawyer (Guest: Matt Foreman‪)‬ The Accounting Podcast

Matt Foreman explains what tax lawyers do; KPMG in the spotlight for signing off on SVB's books; digital bank apps benefit from SVB collapse; CLA launches paid high school accounting internships; Zoho's 10 most-installed CRM extensions of 2022; accounting talent shortage may cause city credit ratings to drop
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(00:00) - CAP 324
(00:17) - Preview: The job of a lawyer in setting up businesses
(00:49) - Introduction and welcome Matt to the show
(04:18) - What does a tax lawyer do?
(09:08) - What do you do for me as a client?
(13:26) - What is the biggest mistake you see businesses make?
(18:15) - The IRS is underfunded
(23:08) - How often and when are clients meeting with Matt?
(25:28) - How will the IRS ever agree how to spend their $80 billion
(31:19) - Digital bank apps have benefited from SVB collapse
(35:46) - Auditors under scrutiny for SVB collapse
(39:16) - Blake's take on why auditors aren't the ones to blame
(45:11) - Ron Baker's audit insurance idea
(50:19) - CLA launches paid high school accounting internships
(51:34) - Zoho lists their 10 most installed CRM extensions of 2022
(53:58) - Accounting talent shortage can cause city credit ratings to drop
(01:00:17) - Wrap up and how to reach everyone

Show Notes
10 most-installed Zoho CRM extensions of 2022 
https://www.zoho.com/blog/marketplace/10-most-installed-Zoho-CRM-extensions-of-2022.html
SVB and Signature Bank Passed KPMG Audits Days Before Collapses https://www.pymnts.com/digital-first-banking/2023/svb-and-signature-bank-passed-kpmg-audits-days-before-collapses/
CLA Launches Paid High School Accounting Internships in 15 ...
https://www.cpapracticeadvisor.com/2023/03/14/cla-launches-paid-high-school-accounting-internships-in-15-locations/77932/
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
https://www.pymnts.com/news/regulation/2023/for-banks-guaranteeing-100percent-of-everyones-money-threatens-moral-hazard/
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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page