Heat Is On SVB Auditors & Hot Takes From A Tax Lawyer (Guest: Matt Foreman)

Matt Foreman explains what tax lawyers do; KPMG in the spotlight for signing off on SVB's books; digital bank apps benefit from SVB collapse; CLA launches paid high school accounting internships; Zoho's 10 most-installed CRM extensions of 2022; accounting talent shortage may cause city credit ratings to drop Sponsors Softledger - https://cloudaccountingpodcast.promo/softledger LiveFlow - https://www.cloudaccountingpodcast.promo/liveflow Keeper - https://www.cloudaccountingpodcast.promo/keeper Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe (00:00) - CAP 324 (00:17) - Preview: The job of a lawyer in setting up businesses (00:49) - Introduction and welcome Matt to the show (04:18) - What does a tax lawyer do? (09:08) - What do you do for me as a client? (13:26) - What is the biggest mistake you see businesses make? (18:15) - The IRS is underfunded (23:08) - How often and when are clients meeting with Matt? (25:28) - How will the IRS ever agree how to spend their $80 billion (31:19) - Digital bank apps have benefited from SVB collapse (35:46) - Auditors under scrutiny for SVB collapse (39:16) - Blake's take on why auditors aren't the ones to blame (45:11) - Ron Baker's audit insurance idea (50:19) - CLA launches paid high school accounting internships (51:34) - Zoho lists their 10 most installed CRM extensions of 2022 (53:58) - Accounting talent shortage can cause city credit ratings to drop (01:00:17) - Wrap up and how to reach everyone Show Notes 10 most-installed Zoho CRM extensions of 2022 https://www.zoho.com/blog/marketplace/10-most-installed-Zoho-CRM-extensions-of-2022.html SVB and Signature Bank Passed KPMG Audits Days Before Collapses https://www.pymnts.com/digital-first-banking/2023/svb-and-signature-bank-passed-kpmg-audits-days-before-collapses/ CLA Launches Paid High School Accounting Internships in 15 ... https://www.cpapracticeadvisor.com/2023/03/14/cla-launches-paid-high-school-accounting-internships-in-15-locations/77932/ For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard https://www.pymnts.com/news/regulation/2023/for-banks-guaranteeing-100percent-of-everyones-money-threatens-moral-hazard/ Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary . Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes , or Podchaser . Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040 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 Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast YouTube: https://www.youtube.com/c/CloudAccountingPodcast Classifieds Client Hub - https://clienthub.app/ Future Firm Accelerate - https://futurefirmaccelerate.com/cap Uncat - https://www.uncat.com/ Nett Tracker - h ttps://www.nett-tracker.com/ 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? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page