Trump Accountants Take the Stand Before the Stormy Daniels The Accounting Podcast

This week, Blake and David are puzzled by the results of a survey that shows 40% of tax professionals believe generative AI will allow them to charge clients higher rates. They also cover the sham audit firm BF Borgers and question why the firm's CPA is still licensed despite SEC charges. Blake demonstrates how he uses Zapier Central to build an AI agent that can automatically respond to client emails about the status of their tax returns. Wrapping up, they examine Digits' $35 million raise and pivot to bill pay, and Xero's new filtering functionality for bank reconciliations. 
SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Cloud Accountant Staffing - http://accountingpodcast.promo/casKeeper - http://accountingpodcast.promo/keeperBlue Onion - http://accountingpodcast.promo/blueonion
Chapters(00:53) - Generative AI's Impact on Pricing

(05:39) - The Curious Case of BF Borgers and Sham Audits

(08:19) - The Slow Response of Regulatory Bodies to Fraud

(18:07) - NASBA Hires New President

(19:24) - NASBA and the CPA Exam: A Call for Modernization

(28:16) - The Trump Stormy Daniels NY Trial

(35:19) - Rudy Giuliani's Financial Woes: A Deep Dive

(38:18) - Building AI Agents with Zapier Central: A How-To Guide

(39:38) - AI Tools for Productivity: Insights from ClickUp

(40:41) - The Power of AI in Automating Client Communication

(48:04) - The Big Money in AI-Powered Practice Management

(53:54) - Bill Pay Innovations and Market Dynamics

(55:12) - Xero's New Features and Bank Feed Improvements

(58:58) - The Real Value of Dashboards in Business Management

(01:04:10) - Closing Remarks and Future Events
 
Show Notes
Rudy Giuliani Forced to Learn Accounting After Bankruptcy Beancounter Bails
https://www.thedailybeast.com/rudy-giuliani-forced-to-learn-accounting-after-bankruptcy-beancounter-bails
 
Stormy Daniels payment puts focus on Trump and check-writing as trial testimony resumes
https://www.nbcnews.com/politics/donald-trump/former-white-house-executive-assistant-stand-trump-trial-dramatic-stor-rcna151578
 
Trump Accountant on His Stormy Daniels Coverup Notes: ‘I Made a Boo-Boo’
https://www.yahoo.com/news/trump-accountant-stormy-daniels-coverup-152934446.html
 
Trump Accountant Exposes Checks to Michael Cohen in Damning Testimony
https://newrepublic.com/post/181344/trump-accountant-checks-signed-michael-cohen-hush-money-trial
 
What’s new in Xero — May 2024 - Xero Blog      
https://blog.xero.com/product-updates/whats-new-in-xero-may-2024/
 
End of Trump Media’s Auditor Jolts Hundreds of Other Companies      
https://news.bloombergtax.com/financial-accounting/end-of-trump-medias-auditor-jolts-hundreds-of-other-companies
 
Trump Media hires new auditor after previous accounting firm charged with 'massive fraud'  
https://www.cnbc.com/2024/05/06/trump-media-hires-new-auditor-after-accounting-firm-charged-with-fraud.html
 
Digits Launches AI Bill Pay for Small Businesses            
https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/
Countsy Debuts Platform to Streamline Back-Office Management
https://www.pymnts.com/back-office/2024/countsy-debuts-platform-to-streamline-back-office-management/
 
Why we’re calling 2024 ‘the year of the US bank feed’  
https://blog.xero.com/product-updates/year-of-the-us-bank-feed/
 
Let's Meet NASBA's Next President and CEO    
https://www.goingconcern.com/lets-meet-nasbas-next-president-and-ceo/
 
Digits Launches AI Bill Pay for Small Businesses            
https://www.pymnts.com/news/b2b-payments/2024/digits-launches-ai-bill-pay-for-small-businesses/
 
Digits AI Bill Pay -- The World's First AI Bill Pay, Built Specifically For Startups
https://www.prnewswire.com/news-releases/digits-ai-bill-pay--the-worlds-first-ai-bill-pay-built-specifically-for-startups-302131944.html
 
Imagine the Chaos If the PCAOB Starts Naming and Shaming Audit Deficiency Clients
https://www.goingconcern.com