Journal of Accountancy Podcast

Latest Episodes:

Cultivating tech talent: A CPA firm leader's elementary approach Mar 16, 2023

Show notes

Avani Desai, CPA, doesn't trace her journey to becoming the CEO of a top firm to her youth — she goes back to before her birth, to the emphasis her grandparents put on education in the 1940s in India.

In keeping with the "starting early" theme, Desai believes that, instead of talking to students about accounting in their third year of college, the profession needs to reach out to students in the third grade. And she lived that example recently, visiting her daughter's elementary school classroom.

Inflation, talent, labor costs: 3 challenges amid slightly rising optimism Mar 09, 2023

Show notes

Overall, positivity about the U.S. economy remains muted, with just 23% of respondents to a recent survey saying they are optimistic about the domestic outlook for the next 12 months. That's an improvement from the fourth quarter, when just 12% expressed optimism.

Also, 45% of respondents in the first-quarter Business and Industry Economic Outlook Survey are optimistic about their own businesses, up from 35% at the end of last year.

Won't get fooled again: The who, what, and why of fraud Mar 02, 2023

Show notes

Kelly Richmond Pope, CPA, CGMA, is a professor at DePaul University and the author of a book scheduled to be published later this month on fraud. Fool Me Once: Scams, Stories, and Secrets From the Trillion-Dollar Fraud Industry is designed to help people "see themselves or see their businesses in the stories" so that they can improve their defenses against fraud.

Pope details an interactive game related to the book that can help educate business owners about fraud and the motivations of fraudsters.

Vroom, or doom and gloom? Thoughts on succeeding amidst uncertainty Feb 23, 2023

Show notes

Uncertainty isn't going away. And because of that, entrepreneur and consultant Pascal Finette says that organizations and leaders should think differently about how they view the current business environment.

Finette, a keynote speaker at the Future of Finance Summit in Austin, Texas, challenges leaders to think of uncertainty as an opportunity, not an obstacle. He asks: "How do you actually show up as a leader in a world of uncertainty and lead into, and then lead, in the unknown?"

Also, here's the late 2021 interview with Finette in which he talked about the accounting profession's "interesting inflection point."

Culture you can feel: Advice for making it an accelerator, not a constraint Feb 16, 2023

Show notes

A well-defined, vibrant work culture certainly can help employees perform at or above expectations. And a poor culture can absolutely be a performance constraint. But how do leaders change culture, or grow it in the age of remote and dispersed workforces?

Kerry Brown has a few thoughts. Brown specializes in workforce transformation, and she spoke recently to finance executives about such issues at the Future of Finance Summit in Austin, Texas.

How CPAs focused on advisory services can answer several common questions Feb 09, 2023

Show notes

Robin Thieme, CPA/CITP, CGMA, the founder and CEO of KBS CFO, has gotten all kinds of questions over the years from clients. As an early adopter of offering advisory and fractional CFO services, she's someone well versed to share the insights that simply getting those questions can unearth.

Super Bowl CFO: How finance supports the Chiefs' on-field success Feb 07, 2023

Show notes

Making a run to the Super Bowl never gets old. That's one of the messages that Dan Crumb, CPA, CGMA, the CFO of the Kansas City Chiefs, shares in this episode of the Journal of Accountancy podcast.

The team has qualified for the Super Bowl three of the past four seasons, and Crumb encourages the members of his finance team to "step back and soak this moment in" — in between doing extra work in advance of Super Bowl LVII on Sunday.

Digital assets in danger: How to guard against hackers Feb 03, 2023

Show notes

Steve Ursillo, CPA/CITP, CGMA, is a partner in the Risk & Accounting Advisory Group at Cherry Bekaert and the firm's national leader of information assurance and cybersecurity. He explains much about digital assets and the threats that digital asset owners must guard against. Cyberattacks are on the rise, including attacks focused on digital assets

In this podcast episode, Ursillo explains the threat landscape and offers advice on the safeguards that organizations should have in place to prevent the theft of digital assets.

Innovative CPA firm leader: 'We never had a fear of trying' Jan 26, 2023

Show notes

Jody Grunden, CPA, the co-founder and CEO of Summit CPA Group, isn't afraid to fail — he says he's done it many times over the years. The firm, now part of Anders CPAs + Advisors thanks to a 2022 merger, is an innovator in several aspects of client billing and payment, from getting away from paper checks to escaping the "rat race" of hourly billing.

Grunden, the author of two books, explains on this episode of the Journal of Accountancy podcast some about Summit's journey, why his co-founder at first was against a move to remote work, and why his approach to risk is more about developing a workaround than deciding to retreat.

What's the 411? Explaining Schedules K-2 and K-3 Jan 20, 2023

Show notes

Consternation and chaos are two of the words used to describe some of the reactions to IRS updates related to Schedules K-2 and K-3.

On this collaboration episode with the Tax Section Odyssey podcast, CPAs Tim Chan of KPMG and David Sites of Grant Thornton talk about the particulars with April Walker, CPA, CGMA, lead manager–Tax Practice & Ethics for AICPA & CIMA, together as the Association of International Certified Professional Accountants.

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