The Accounting Podcast Blake Oliver & David Leary

Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit. Get an insider's perspective on the 150-hour CPA licensing requirement and hear ideas for reform that could revolutionize the profession.

Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/casRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershub
Chapters(01:18) - AI Trends in Finance

(02:42) - Adoption and Challenges of AI

(09:34) - Talent Shortage in Finance

(13:33) - Gen Z in the Finance Profession

(20:36) - Real Consequences of The Breakdown of Financial Controls

(30:03) - AT&T is Bypassing Big 4 Recruitment & Blake's Career Path

(31:45) - Q&A Session Begins

(32:22) - Would You Trade Your Job for a CFO Role?

(33:23) - Work-Life Balance in Accounting

(35:10) - Other Ways We Can Attract Talent to The Accounting Profession

(39:21) - Challenges in the Accounting Profession

(50:06) - Mentorship and Leadership in Accounting

(57:22) - Closing Remarks and Future Guests
 
Show Notes
Follow Adam’s stories on CFO.com: https://www.cfo.com/editors/azaki/
75% of employees use AI at work: report | CFO
 
San Francisco 49ers, MLB Star Shohei Ohtani Wrestle With Poor Financial Controls
 
34% of KPMG tax, audit and advisory interns plan to stay 5 years at first job: report | CFO
 
Gen Z Pivots from Accounting, Pursues Creative Freedom and Entrepreneurship | CFO
 
No Gimmicks, Just Authenticity: How To Attract Gen-Z Talent | CFO
 
Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know | CFO
 
Senior Leaders Nearly Twice as Likely To Receive AI Resources as Junior Staff | CFO

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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

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Need Accounting Conference Info? 
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershub
Chapters(00:38) - Blake's Conference Adventures

(03:13) - AI and the Future of Auditing

(05:16) - Insights from the IMA Conference

(10:00) - The AI Tipping Point

(14:48) - Microsoft Announces Delay of Their Ai Recall Tool

(21:33) - AI in Financial Statement Analysis

(34:12) - Community and Future Plans

(38:08) - Synapse Bankruptcy and What It Means for FinTech Banks

(49:50) - PwC and OpenAI Partnership

(51:39) - EY Is Spending $1 Billion on Something

(53:48) - Big Four Compensation Insights

(57:16) - Fake News on Stimulus Checks

(01:00:52) - Listener Mail and Advice for Starting a Firm

(01:07:27) - Wrap-up and Announcements
 
Show Notes
Study: ChatGPT Better at Financial Statement Analysis Than Humans
https://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524
PwC to resell ChatGPT Enterprise
https://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterprise
EY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting profession
https://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technology
Change is in the air: And it is helpful.
https://www.orcpa.org/news/13ff8628-9c17-43b1-858a-148af698c818:change-is-in-the-air-and-it-is-helpful
Potential deposit shortfall in Synapse bankruptcy falls in regulatory grey area
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848
Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence’ at WWDC 2024
https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launch
How does Sam's Club AI work?
https://www.statesman.com/story/news/state/2024/05/02/sams-club-ai-check-receipt-exit-stores-texas-locations/73526045007/ 
How fake stories about IRS stimulus checks took over the internet
https://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-news
Fact Check: Is The IRS Really Giving An $8700 Stimulus Check?
https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.html
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Discover the compelling advantages of nearshoring your accounting and finance functions to Argentina. In this episode, Nicolás Villafañe, partner at South Offices, shares his insider perspective on why Argentina is a top destination for accessing skilled talent while enjoying significant cost savings compared to hiring in the US.
Learn how Argentina's timezone alignment, cultural affinity, and highly qualified pool of licensed CPAs can provide your business with a seamless experience as if you were hiring remote employees. Nicolás also shares a case study of how his firm has partnered with a US client to build a successful, integrated team.
If you've been considering nearshoring options, this episode is packed with valuable insights to help you evaluate your choices and unlock the benefits for your business. Tune in now to explore the power of nearshoring!
Meet Our Guest, Nicolás Villafañe
LinkedIn: https://www.linkedin.com/in/nicolasvillafane/

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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David get brutally honest about why pricey accounting conferences are a no-go and how the industry sidelines neurodivergent professionals. You'll also get a rundown of the rebranded Intuit Connect event's new direction, the political firestorm around IRS Direct File, and a Google Sheets update that will blow your mind. From the mailbag, don't miss one reader's incredible story of passing the CPA exam in record time and our take on why firms need to rethink degree requirements. Plus, we offer real-talk advice for starting your ownbookkeeping biz and take shots at the infamous 150-hour rule.
SponsorsOnPay - http://accountingpodcast.promo/onpay Relay - http://accountingpodcast.promo/relayMakers Hub - http://accountingpodcast.promo/makershub
Chapters(01:02) - David Has FOMO

(03:50) - The Cost of AICPA Engage

(07:11) - ADHD and Conferences

(16:39) - Community Engagement and Comments

(21:23) - Intuit Connect Announcement & Going After the Mid-Market

(28:54) - Future of Accounting with AI

(32:59) - AI Agents Replacing Human Labor

(34:07) - Preparing for a Future in Accounting

(35:06) - The Value of Practical Experience

(36:52) - Listener Feedback and Community Engagement

(39:14) - Intuit and IRS Direct File Controversy

(48:20) - Google Sheets' New Conditional Notifications

(51:11) - Listener Mailbag: Unique Paths to CPA

(55:28) - Earning Your Accounting Degree Quick!

(59:13) - The Debate on College Degrees and Signaling

(01:04:29) - Closing Remarks and Thanks for Listening
 
Show Notes
House GOP proposes IRS funding cuts, defunding free tax filing ...
Intuit Connect 2024 - Formerly QuickBooks Connect
Google Sheets’ new ‘conditional notifications’ easily keep track of small changes - The Verge
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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Anthony Venette, Director of Business Valuation and Advisory Services at DeJoy & Co., joins Blake to discuss his unconventional career path and the world of business valuation. Anthony shares his journey from audit to tax and eventually to valuation, highlighting the importance of soft skills and effective communication in advisory roles. He also provides valuable insights into the day-to-day life of a valuation professional and offers advice for young CPAs interested in pursuing this career path.
Meet Our Guest, Anthony Venette
LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/

Learn more about DeJoy & Co.
https://www.teamdejoy.com/
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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Blake and David delve into the accounting and bookkeeping aspects of Donald Trump's recent guilty verdict in New York. They discuss the charges related to falsifying business records and hush money payments and explore the potential implications for Trump's businesses and campaign. Their conversation also touches on the current state of AI in accounting, the retirement of AICPA president Barry Melancon, and the challenges facing the profession in attracting new talent.
SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Zoho - http://accountingpodcast.promo/zoho Blue Onion - http://accountingpodcast.promo/blueonion Bean - http://accountingpodcast.promo/bean
Chapters(01:10) - Breaking Down Trump's Guilty Verdict

(02:56) - Analyzing the Charges

(04:52) - Legal Implications and Campaign Finance

(07:54) - Trump's Bookkeeping and Legal Strategies

(10:01) - Asking ChatGPT How This Entry Should Have Been Coded

(17:14) - Commercial Real Estate and Trump's Properties

(24:50) - Puzzle Accounting and AI Automation

(29:15) - Rose Financial's EASBY adds AI

(33:23) - Challenges in AI Categorization

(34:07) - Human Oversight in AI Accounting

(35:38) - Digits' AI Performance and Market Comparison

(39:10) - Live Listener Question: Career Path in Accounting

(42:28) - University of Scranton Brags About Number of Accounting Papers They've Published

(43:00) - AICPA's Future as President Barry Melancon Announces Retirement

(52:32) - App Review: Rose AI-Powered Spreadsheet

(54:34) - Watch Our TurboTax Business Assisted 2024 Review and Listen to the Best Metrics Podcast

(57:07) - Earn CPE For Listening To Our Podcast
 
Show Notes
"Who's the victim of Trump's Bookkeeping?" Washington Examiner
https://www.washingtonexaminer.com/daily-memo/3014100/who-is-the-victim-of-trumps-bookkeeping/
 
Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows
https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html
 
The Office-Market Meltdown Comes for Trump’s Prized Wall Street Building
https://www.wsj.com/real-estate/commercial/the-office-market-meltdown-comes-for-trumps-prized-wall-street-building-31b3a667
 
Profession Leader Humbly Requests You STFU About Long Hours, Busy Season, and Stress
https://www.goingconcern.com/profession-leader-humbly-requests-you-stfu-about-long-hours-busy-season-and-stress/
 
New AICPA chair: ‘We need to promote the cool work we do’
https://www.journalofaccountancy.com/issues/2024/jun/new-aicpa-chair-we-need-to-promote-the-cool-work-we-do.html
 
Rose Financial Solutions Sets Goal to Automate 85% of Finance and Accounting Activities by 2030
https://www.prnewswire.com/news-releases/rose-financial-solutions-sets-goal-to-automate-85-of-finance-and-accounting-activities-by-2030-302145576.html
 
TAP: TurboTax Business Assisted Review 2024 (for Tax Year 2023)
https://www.youtube.com/watch?v=zaaMIV1lyns
 
Check out Best Metrics here: 
https://bestmetrics.transistor.fm/
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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpo