About this episode
Sponsors Canopy: https://www.cloudaccountingpodcast.promo/canopy Liscio: https://www.cloudaccountingpodcast.promo/liscio LiveFlow: https://cloudaccountingpodcast.promo/liveflow 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 03:41 – Firms big and small are facing a crisis. There's not enough accountants (CPAs) : The Indicator from Planet Money : NPR https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants The Indicator from Planet Money : NPR https://www.npr.org/2022/08/04/1115790852/if-the-world-had-no-accountants The Indicator from Planet Money https://pca.st/tLRP 06:03 – How to fix the leaky CPA pipeline https://www.mncpa.org/resources/publications/footnote/august-september-2022/how-to-fix-the-leaky-cpa-pipeline/ 17:04 – U.S. job growth seen slowing in July; but far from recession levels | Reuters https://www.reuters.com/markets/us/us-job-growth-seen-slowing-july-far-recession-levels-2022-08-05/ Despite a drop in June, job openings remain well above the number of people unemployed but looking for work https://www.wsj.com/articles/job-openings-hiring-economy-june-2022-11659388973 22:05 – DealBook: A tax loophole’s powerful defender https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220805&instance_id=68516&nl=dealbook&productCode=DK®i_id=103928575&segment_id=100533&te=1&uri=nyt%3A%2F%2Fnewsletter%2Fc8714674-e316-52c1-bf11-83af763fd4a7&user_id=238a5e61c9e3ba1f8e99bcc06b505749 DealBook: The new power brokers on taxes https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=4&emc=edit_dk_20220804&instance_id=68424&nl=dealbook&productCode=DK®i_id=103928575&segment_id=100423&te=1&uri=nyt%3A%2F%2Fnewsletter%2F01624dbe-566d-5ac1-8a90-419f9a88508c&user_id=238a5e61c9e3ba1f8e99bcc06b505749 25:02 – Two SEC Commissioners Frown on Accounting Rules for ESG Issues https://news.bloombergtax.com/financial-accounting/two-sec-commissioners-frown-on-accounting-rules-for-esg-issues Comment on the Financial Accounting Foundation Draft Strategic Plan https://www.sec.gov/news/statement/peirce-uyeda-statement-draft-financial-accounting-foundation-strategic-plan-072222 30:05 – Founder of My Big Coin Convicted of Fraud https://www.pymnts.com/cryptocurrency/2022/founder-of-my-big-coin-convicted-of-fraud/ Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Case https://www.pymnts.com/legal/2022/titanium-blockchain-ceo-pleads-guilty-in-21m-crypto-fraud-case/ SEC insider trading case against Coinbase holds larger implications https://www.accountingtoday.com/news/sec-insider-trading-case-against-coinbase-holds-larger-jurisdictional-implications Millions Drained in Solana Wallet Hack https://www.pymnts.com/news/security-and-risk/2022/millions-drained-in-solana-wallet-hack/ Two settle with Securities and Exchange Commission over alleged $300 million cryptocurrency Ponzi scheme https://www.accountingtoday.com/news/two-settle-with-securities-and-exchange-commission-over-alleged-300-million-cryptocurrency-ponzi-scheme 31:44 – Web3 network Helium claims rideshare company Lime is one of its biggest clients. Lime says that's not true. | Mashable https://mashable.com/article/helium-lime-web3-crypto 35:58 – Hackers Force a $4B Question: Can DeFi Ever Be Safe? https://www.pymnts.com/cryptocurrency/2022/hackers-force-a-4b-question-can-defi-ever-be-safe/ 37:59 – Georgia residents can claim an embryo as a dependent on tax returns https://twitter.com/thehill/status/1554491493569667073?s=12&t=vkja1dbRfIlSLC16YvOusg 39:34 – Tesla’s Bitcoin dump leaves accounting mystery in its wake | Accounting Today https://www.accountingtoday.com/articles/teslas-bitcoin-dump-leaves-accounting-mystery-in-its-wake Tesla Records $170 Million Impairment Charge on Bitcoin – WSJ https://www.wsj.com/articles/tesla-records-170-million-impairment-charge-on-bitcoin-11658751201 40:50 – Ernst & Young Split Plan Held Up by Debt Issues – WSJ