Blake and David explore Intuit's new Enterprise Suite, a product that appears to compete with NetSuite in the mid-market ERP space. They also
discuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms.
They also discuss the tragic death of a young accountant at EY in India due to overwork and explore the implications of OpenAI's latest model
outperforming humans on IQ tests.
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Chapters
- (01:32) - Intuit's New ERP System
(03:43) - Target Market and Pricing Concerns
(06:11) - Comparing to Competitors
(18:18) - PwC's Massive Fine in China
(19:04) - Evergrande's Financial Collapse
(26:59) - The Bigger Picture of Audit Quality
(30:08) - Australian Accountants and the PwC Debacle
(31:05) - Tragic Death of EY Employee in India
(33:16) - The Hypocrisy of Overwork in the Big Four
(40:42) - OpenAI's New Model: A Game Changer
(49:43) - Driverless Cars: The Future of Transportation
(53:15) - NASBA's New Competency-Based CPA Pathway
(01:01:23) - Conclusion and Farewell
Show Notes
Intuit Introduces Intuit Enterprise Suite to Help Businesses Grow, Streamline Operations, and Scale
https://investors.intuit.com/news-events/press-releases/detail/1213/intuit-introduces-intuit-enterprise-suite-to-help-businesses-grow-streamline-operations-and-scale
PwC faces record fine over Evergrande audit in China
https://finance.yahoo.com/news/pwc-faces-record-fine-over-131518742.html
Death of young Ernst & Young employee raises questions about workplace culture
https://www.nbcnews.com/news/world/death-young-ernst-young-employee-raises-questions-workplace-culture-rcna171945
Comparison of Models: Quality, Performance & Price Analysis
https://artificialanalysis.ai/models
Waymo significantly outperforms comparable human benchmarks over 7+ million miles of rider-only driving
https://waymo.com/blog/2023/12/waymo-significantly-outperforms-comparable-human-benchmarks-over-7-million
AICPA, NASBA propose a new pathway to CPA licensure
https://www.journalofaccountancy.com/news/2024/sep/cpa-competency-based-licensure-pathway.html
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page