Blake and David examine the evolving landscape of remote work, discussing recent trends and their impact on productivity and employee well-being. They also explore the commercial real estate market's challenges due to the shift towards remote work and its potential implications for the banking sector. Moving on, they take a look at recent audit failures, particularly the FTX case and discuss the controversial Beneficial Ownership Information reporting requirements and some potential issues for small businesses.
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Chapters
- (00:49) - Blake's Fitness Journey with Apple Watch
- (03:16) - Impact of Remote Work on Health and Productivity
- (06:25) - Amazon's Return to Office Policy
- (11:36) - CEO Perspectives on Remote Work
- (24:14) - Commercial Real Estate Crisis
- (28:07) - Accounting Standards and Bank Balance Sheets
- (31:25) - Listener Questions and Comments
- (45:06) - The Sunk Cost Fallacy in Real Estate
- (45:41) - The Looming Commercial Real Estate Bust
- (47:51) - The Role of Intangible Assets in Modern Accounting
- (51:24) - The CPA Journey: Is It Worth It?
- (52:09) - The Kenneth CPA Hack
- (01:01:54) - The BOI Reporting Controversy
Show Notes
How Remote Work Is Impacting Accounting Firms
https://cpatrendlines.com/2024/09/22/how-remote-work-is-impacting-accounting-firms/
2024 KPMG U.S. CEO Outlook Pulse Survey
https://kpmg.com/us/en/articles/2024/kpmg-2024-ceo-outlook-pulse-survey.html
Amazon tells employees to return to office five days a week
Wells Fargo employee found dead at her desk days after she last clocked into work, authorities say
https://www.cnn.com/2024/08/31/us/wells-fargo-employee-desk-arizona/index.html
Eric Schmidt Calls Remote Work a Mistake for Google in Disappearing Video
Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits and for Violating Auditor Independence Requirements
https://www.sec.gov/newsroom/press-releases/2024-133
Beneficial Ownership Reporting Outreach and Education Toolkit
https://www.fincen.gov/boi/toolkit
BOI requirements roll along despite concerns about too little outreach
https://www.journalofaccountancy.com/news/2024/aug/boi-reporting-requirements.html
Property Fraud Allegations Snowball as Commercial Real Estate Values Fall
Nearly a Quarter of Office Space in the U.S. Will Be Empty by 2026
Big Banks are Taking Hits from Commercial Real Estate
https://www.wsj.com/finance/banking/commercial-property-loans-real-estate-banks-249a43b9
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