An AI chatbot nearly passed an assurance exam in the UK; ‘Office Space’ movie inspires fraud; how to keep midcareer CPAs happy in your firm; Canadian accountant ordered to repay firm for ‘time theft’; IRS audit rates declined further in 2022.
00:20 Preview: Will AI replace accountants in audits
01:04 Introduction and quick recap of Blake’s week in Park City
03:43 Earmark has launched a new Federal Tax Updates podcast
07:15 Source says Square is launching their own GL
10:46 Some final takeaways from skiing trip
13:18 Thank you to our sponsor, Keeper
14:55 Article about a high school student who wants to become an accountant
17:56 IRS audit rates declined further in 2022
19:10 The Tax Foundation made a graphic on the IRS backlog
21:54 Accountants need to narrow their scope in 2023
23:13 Canadian accounting firm sues employee for overbilling on timesheets
28:46 Thank you to our sponsor, Relay
30:04 “Office Sapce” inspired sofrware engineering scam
32:40 Are mid-career CPAs happy in your firm?
36:25 David’s first reaction to Chat GPT
41:28 Thank you to our sponsor, First Republic Bank
42:31 Blake uses Chat GPT live to demonstrate what it can do
47:33 Chad Davis uses Chat GPT to write fake CAP episode intro
49:46 Somebody used Chat GPT to try to pass a chartered accountant exam in England
54:45 Paula’s message and idea about a national CPA license
58:38 Tori’s email on how a radical step is needed to change the AICPA
59:53 Deanna asks for best apps to import journal entries into QBO Advanced
01:01:47 Accounting firms might want to look into hiring some of these laid off tech employees
01:02:26 Checking in on the live chat discussion on ChatGPT
01:04:09 Wrap up and reminder to subscribe to our YouTube channel
01:07:29 Classifieds
01:07:31 Client Hub
01:08:08 RightTool
01:08:30 Federal Tax Updates Podcast
01:09:44 How to advertise in these classifieds