The Accounting Podcast

The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal. We wrap with fintech and crypto news, including Mercury Bank's rapid growth and potential regulatory issues.


Chapters

• (09:04) - Anthropic launches Claude for teams
• (11:12) - More LLM models pass CPA exam
• (18:28) - Blake demonstrates AI's abiity to help with emails
• (32:56) - 28 AI prompts for small businesses
• (36:39) - Oregon Senator going after TurboTax to issue refunds to Oregonians
• (38:44) - The possibility of a regional banking crisis
• (48:12) - The Corporate Transparency Act might be repealed
• (54:15) - Tether claims they can't find a Big 4 firm to audit them
• (56:54) - Mecurity Bank being looked at by FDIC
• (01:02:05) - Square to allow users to transfer percent of daily sales to Bitcoin
• (01:03:26) - Download and sign up for the Earmark app

 

Anthropic launches a free Claude iOS app and Team, its first enterprise plan | ZDNET

 

SEC.gov | SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings

 

Oregon senator demands refunds for TurboTax customers over glitch | Accounting Today

 

Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant Test by Will Zacher, Sanmukh Kuppannagari :: SSRN           

 

Sam Altman says helpful agents are poised to become AI’s killer function | MIT Technology Review    

 

Why hundreds of U.S. banks may be at risk of failure   

 

Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority            

https://coingape.com/tether-ceo-says-an-audit-by-a-big-four-giant-is-our-top-prioritterrestrial

Block lets Square merchants convert a part of their daily sales to bitcoin

 

The 28 best AI prompts for small businesses    

 

Congress considers how to fix the Corporate Transparency Act

 

Article from www.congress.gov              

 

Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page