15-Year-Old Passes CPA Exam; NY Requires Independent Audits of AI Hiring Processes

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com.Sponsors
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Chapters
(00:04) - Preview: Accounting firms will transition to corporations (01:00) - Blake and David are back from their trips (05:03) - A 15-year-old in Mississippi has passed the CPA exam (07:00) - Jennifer asks about TAP's TurboTax Live Business experience (10:05) - Mackenzie's voicemail re: accounting shortage (18:37) - BDO USA is shifting from a partnership to a corporation (20:55) - EY officially announces it has called off "Project Everest" but is still the number one US audit firm for public companies (24:25) - M365 Co-Pilot updates (29:50) - Thomson Reuters announces $100 million per year AI investment (32:04) - Avalara launches a sales tax calculator in ChatGPT (36:17) - Gusto hires former head of data science and analytics from Google (37:09) - Taxfyle releases AI tax-prep bot (39:04) - New York announces new AI law for hiring (44:15) - A few more quick tech stories and the problems with client portals (47:06) - Wrapbook wrap-up (51:45) - Where to reach David and Blake
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Show NotesTech News: TaxFyle releases AI tax prep bot          https://www.accountingtoday.com/list/tech-news-taxfyle-releases-generative-ai-tax-prep-bot Why everyone is mad about New York’s AI hiring lawhttps://www.technologyreview.com/2023/07/10/1076013/new-york-ai-hiring-law/ Mississippi youth passes CPA Exam – at Age 15https://www.journalofaccountancy.com/news/2023/jun/mississippi-youth-passes-cpa-exam-at-age-15.html BDO USA is Shifting From a Partnership to a Corporation - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/06/26/bdo-usa-is-shifting-from-a-partnership-to-a-corporation/81445/ Gusto hires former Google exec to add AI to products | Accounting Todayhttps://www.accountingtoday.com/news/gusto-hires-former-google-exec-to-add-ai-to-products KPMG cuts 5% of U.S. workforce | Accounting Today        https://www.accountingtoday.com/news/kpmg-cuts-5-of-u-s-workforce KPMG’s Big Four Dominance on Bank Audits Shaken by Failures