Accountant Shortage Causing Negative City Credit Scores (live from Padgett REtreat)

Raising prices is a priority; NASBA extends time to complete CPA exam; Canopy now writes emails with AI; PwC to invest $1 billion in AI; staff not allowed to go to conferences Sponsors CCH Axcess - https://cloudaccountingpodcast.promo/axcess Zoho - https://cloudaccountingpodcast.promo/zoho Keeper - https://cloudaccountingpodcast.promo/keeper Chapters (00:05) - Preview: Accounting is in a bad place (02:58) - We launched the Federal Tax Updates Podcast with Padgett and welcome to our guests (07:27) - Amanda, why was this tax season harder than last? (09:13) - Tell us more about the Padgett REtreat (10:41) - What are some ways to think about raising your prices? (13:44) - The accounting shortage is affecting cities getting credit scores (22:36) - NASBA extends the time to take the CPA exam to 30 months (24:48) - AI and its future in accounting (27:09) - Canopy integrates ChatGPT into their suite (29:09) - PWC to invest $1 billion over the next 3 years in AI (33:10) - How long do you think until smaller and midsize firms will be using AI (35:14) - Lili Bank promises one-button accounting (46:17) - Listener mail about staff not being given chances to go to conferences (49:02) - Are accounting students set up only for the benefit of the Big 4 firms? (53:16) - Wrap up and thanks for listening Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show Notes ChatGPT Fails When It Comes to Accounting, Finds Major Study https://www.latestly.com/technology/chatgpt-fails-when-it-comes-to-accounting-finds-major-study-5078092.html KPMG Joins MindBridge in Global Launch of AI-Assisted Audit Tech https://news.bloombergtax.com/financial-accounting/kpmg-joins-mindbridge-in-global-launch-of-ai-assisted-audit-tech What Microsoft’s Dynamics GP Announcement Means for the User Community https://dynamicscommunities.com/ug/dynamics-gp-ug/what-microsofts-dynamics-gp-announcement-means-for-the-user-community/ ChatGPT is still no match for humans when it comes to accounting https://phys.org/news/2023-04-chatgpt-humans-accounting.html Lili Claims Super App Status With New Accounting Platform https://www.pymnts.com/smbs/2023/lili-claims-super-app-status-with-new-accounting-platform/ Leading Financial Platform, Lili, Launches 'Lili Smart' to Integrate ... https://www.businesswire.com/news/home/20230418005500/en/Leading-Financial-Platform-Lili-Launches-%E2%80%98Lili-Smart%E2%80%99-to-Integrate-and-Consolidate-Accounting-Services-into-Small-Business-Banking KPMG signs AI deal to improve audit transparency https://www.accountancydaily.co/kpmg-signs-ai-deal-improve-audit-transparency NASBA extends time to complete the CPA exam to 30 months https://www.accountingtoday.com/news/nasba-extends-time-to-complete-the-cpa-exam-to-30-months Accounting Bachelors Degree Requirements: What You Need to Know https://seaver.pepperdine.edu/blog/posts/accounting-bachelors-degree-requirements-what-you-need-to-know.htm ChatGPT: How AI will change law, finance, accounting and property ... https://www.afr.com/work-and-careers/workplace/how-chatgpt-will-change-these-four-industries-20230328-p5cvzx Canopy Launches ChatGPT AI in Accounting Practice Management Software https://www.einnews.com/pr_news/629260399/canopy-launches-chatgpt-ai-in-accounting-practice-management-software Accountant shortage hurts city credit scores https://fortune.com/2023/04/21/accountant-shortage-affecting-city-credit-scores/ Technology News | ⚡Study Finds ChatGPT No Match for Human When It Comes to Accounting https://www.latestly.com/quickly/technology/study-finds-chatgpt-no-match-for-human-when-it-comes-to-accounting-5078092.html PwC Stakes $1 Billion on AI Investments in Tax, Consulting Work https://news.bloombergtax.com/financial-accounting/pwc-us-partners-with-microsoft-in-1-billion-ai-investment 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 ...