About this episode
Blake and David dig through the latest accounting news, including the effectiveness of pizza parties in boosting accounting firm morale, the record number of baby boomers reaching retirement age, and the impact on Social Security, as well as the massive amount of COVID-related fraud originating in South Florida. They also take a look at audit integrity issues, the long working hours in accounting, and some of the latest app headlines. Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relay Bookkeep - http://accountingpodcast.promo/bookkeep Chapters (00:22) - Thomson Reuters says pizza parties boost accountants morale (03:33) - Trump cheats at golf (04:50) - Truth Social goes public (07:41) - Grant Thornton sells majority stake to private equity firm (12:28) - Almost 20% of all PPP fraud happened in South Florida (17:59) - 49ers docked 5th round draft pick for accounting error (20:08) - Sam Bankman Freed sentenced to 25 years in prison (22:29) - David shares WSJ video on the future of social security (31:16) - Tingo audit faulire update (41:48) - Big 4 Transparency firm awards (50:28) - Blake takes on a Reddit user's problem (56:35) - Microsoft Teams combining business and personal offerings (57:04) - Thanks for listening and remember to subscribe Show Notes FTX Founder Sam Bankman-Fried Sentenced to 25 Years https://www.wsj.com/finance/currencies/sam-bankman-fried-sentencing-ftx-fraud-2d92fce9?st=d45lmr6uc8gg6wc Trump ‘cheats like a mafia accountant’ at golf, writer who played with him says - pennlive.com https://www.pennlive.com/news/2024/03/trump-cheats-like-a-mafia-accountant-at-golf-writer-who-played-with-him-says.html Big 4 Transparency - Awards Season 🏆 https://big4transparency.beehiiv.com/p/big-4-transparency-awards-season?utm_source=big4transparency.beehiiv.com&utm_medium=newsletter&utm_campaign=big-4-transparency-awards-season PCAOB bars Colorado firm Gries & Associates from doing audits | Accounting Today https://www.accountingtoday.com/news/pcaob-bars-colorado-firm-from-doing-audits San Francisco 49ers docked 2025 fifth-round draft pick for accounting error | FOX Sports https://www.foxsports.com/stories/nfl/san-francisco-49ers-docked-2025-fifth-round-draft-pick-for-accounting-error Grant Thornton gets major PE stake from New Mountain Capital | Accounting Today https://www.accountingtoday.com/news/grant-thornton-gets-major-pe-stake How Miami Became a Hub of PPP Fraud After Pandemic https://www.cpapracticeadvisor.com/2024/03/26/how-miami-became-a-hub-of-ppp-fraud-after-pandemic/103156/ Audit Plan to Flag Illegal Acts Needs Do-Over, Critics Charge https://news.bloombergtax.com/financial-accounting/audit-plan-to-flag-illegal-acts-needs-do-over-critics-charge Blackrock larry fink annual letter 8484e68e https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back https://www.cnbc.com/2024/03/27/sbf-team-argues-for-5-6-year-sentence-ftx-customers-to-get-money-back.html The Home Stretch: Strategies & insights for today’s tax professionals as their busy season concludes https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/home-stretch-tax-professionals/ Trump's social media company rises 16% in first day trading gains, but the stock could fall 95%, says an IPO expert https://fortune.com/2024/03/26/trump-social-media-rises-trading-gains-fall-expert/ FTX founder Sam Bankman-Fried gets 25 years in prison https://www.bankingdive.com/news/sam-bankman-fried-25-years-prison-fraud-conspiracy-ftx-crypto-sbf-kaplan-alameda/711601/ IRS Criminal Investigation Says COVID-Related Fraud Totaled Nearly $9 Billion https://www.forbes.com/sites/kellyphillipserb/2024/03/28/irs-criminal-investigation-says-covid-related-fraud-totaled-nearly-9-billion/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com 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? ...