Congratulations to Blake for making Accounting Today's Top 100 Most Influential People list! Today, Blake and David dig into several significant developments in accounting, including a federal court's decision to block BOI reporting nationwide. They also examine which of the 57% of accounting firms plan to raise fees in 2025 and take a look at the AICPA's Experience Learn and Earn (ELE) program. There's also talk about new PCAOB reporting requirements for audit firms and the recent acquisition of Dext by Iris Software Group.
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Chapters
- (00:31) - Celebrating Achievements and Social Media Impact
(03:16) - Key News Stories: Price Increases and Regulatory Changes
(04:17) - BOI Reporting Requirement Blocked
(14:21) - Raising Prices in Accounting Firms
(17:39) - Experience, Learn, and Earn Program
(22:26) - AICPA and Overtime Pay Ruling
(30:12) - PCAOB's New Reporting Requirements
(34:48) - Debating the Future of Auditing
(35:50) - Impact of AI on Auditing
(37:21) - Evaluating PCAOB's Effectiveness
(38:32) - PCAOB Sanctions and Penalties
(45:00) - Macy's Financial Controversy
(48:31) - EY's AI Interview Bot
(53:29) - AI's Impact on Productivity
(58:14) - Dext Acquisition by Iris
(01:01:58) - Closing Remarks and Future Topics
Show Notes
Accounting Today - The 2024 Top 100 Most Influential People https://arizent.brightspotcdn.com/c3/0f/2649ee17493eab95634bbc91f5f7/top-100-most-influential-people-updated.pdf
Federal Court Enjoins Enforcement of the CTA Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadline
https://natlawreview.com/article/texas-federal-court-blocks-corporate-transparency-act-halts-nationwide-enforcement
Survey Says 57% of Firms Are Raising Prices Next Year
https://cpatrendlines.com/2024/11/14/survey-says-57-of-firms-are-raising-prices-next-year/
Experience, Learn, and Earn
https://experiencelearnearn.org/
Expanded Access Now Available for AICPA-NASBA ELE Program
https://nasba.org/blog/2024/11/15/expanded-access-aicpa-nasba-ele-program/
Texas Judge Tosses Biden Overtime Expansion for Millions
https://news.bloomberglaw.com/daily-labor-report/overtime-expansion-for-4-million-workers-tossed-by-texas-judge
Follow up to the "AICPA is illegally hiding salary info on job postings". After several emails, I convinced them to comply with the law
https://www.reddit.com/r/Accounting/comments/1g0ib4z/follow_up_to_the_aicpa_is_illegally_hiding_salary/
PCAOB Adopts Auditor Performance Metrics, Increased Firm Reporting Rules https://tax.thomsonreuters.com/news/pcaob-adopts-auditor-performance-metrics-increased-firm-reporting-rules
Critics see chance to close down US audit regulator under Trump
https://www.ft.com/content/e9a7247f-84fd-4df7-8163-6518954470e9
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
https://apnews.com/article/macys-accounting-quarter-b1cb0927d9b6a58ee4396838df7973c9
KPMG Survey: AI Adoption Across US Finance Functions Reaches Highest Levels, with ROI Exceeding Expectations
https://kpmg.com/us/en/media/news/ai-adoption-across-us-finance-functions-reaches-highest-levels.html
IRIS Software Group Announces Intent to Acquire Dext Software Ltd.
https://dext.com/us/iris-announces-intent-to-acquire-dext
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