AICPA Blames Boring Accounting Professors for Pipeline Problem

Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and speculate on applications for accounting firms. They also cover lawsuits alleging Hollywood accounting tricks used by Disney to deprive financial partners of profits. Grab some snacks and enjoy! Sponsors LiveFlow - http://accountingpodcast.promo/liveflow Earmark - https://earmarkcpe.promo/EarmarkMediaKit Keeper - https://cloudaccountingpodcast.promo/keeper Chapters (01:34) - NASBA is hiring a new COO (05:33) - What we'll cover on this week's show (07:19) - AICPA talks about the pipline issues on Accounting Today's podcast (13:34) - Blake checks in on the live chat (22:15) - Two vastly different articles on CPAjournal.com about how to solve the accountant shortage (31:06) - Making the CPA more accessible (42:12) - Blake demonstrates OpenAI's new custom GPT maker (54:39) - Disney sued for "Hollywood Accounting" methods (01:01:14) - Thanks for listening and how to reach us Show Notes NASBA Begins Search for New President and CEO | NASBA https://nasba.org/blog/2023/11/28/nasba-begins-search-for-new-president-and-ceo/ Rethinking the 150-Hour Requirement for CPA Licensure - The CPA Journal https://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ The Accounting Pipeline - The CPA Journal https://www.cpajournal.com/2023/11/22/the-accounting-pipeline/ Disney sued over accounting by film financiers https://www.cfobrew.com/stories/2023/08/29/disney-sued-by-film-financiers A pipeline progress report https://www.accountingtoday.com/podcast/a-progress-report-on-accountings-pipeline-problem Rethinking the 150-Hour Requirement for CPA Licensure https://www.cpajournal.com/2023/11/27/rethinking-the-150-hour-requirement-for-cpa-licensure/ Accounting Education Disrupted https://www.cpajournal.com/2023/11/21/accounting-education-disrupted/ KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FT https://news.bloombergtax.com/financial-accounting/kpmg-deloitte-ask-staff-to-use-burner-phones-for-hk-visits-ft Deloitte and KPMG encourage use of burner phones in Hong Kong https://uk.finance.yahoo.com/news/deloitte-kpmg-encourage-burner-phones-101802848.html NASBA starts search for CEO successor https://www.accountingtoday.com/news/nasba-starts-search-for-ceo-successor 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? 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/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds Royalwise - https://learn.royalwise.com/ Forwardly - https://www.forwardly.com/ Classifieds Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page