The Accounting Podcast podkast

Silicon Valley Bank FAIL With Paul Barnhurst, The FP&A Guy

0:00
1:05:57
Do tyłu o 15 sekund
Do przodu o 15 sekund

Guest: Paul Barnhurst, The FP&A Guy; Corporate frauds go undetected; Xero lays off 800; IRS process had a 20X improvement, and more!

Sponsors

OnPay - https://cloudaccountingpodcast.promo/onpay
Relay - https://cloudaccountingpodcast.promo/relay
Client Hub - https://cloudaccountingpodcast.promo/clienthub



Need CPE? 

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

  • (00:00) - E323
  • (00:23) - State regulators shut down Silicon Valley Bank
  • (00:52) - Introduction and some thoughts on their Ken Bishop interview
  • (04:33) - Some background on Paul
  • (09:29) - Silicon Valley Bank is in trouble
  • (13:45) - How banks work and make money
  • (16:50) - Blake shares a tweet from a listener
  • (18:04) - Almost all corporate fraud goes undetected
  • (23:21) - News breaks that SVB has been shut down
  • (27:43) - Fireball sued for whiskey fraud
  • (30:51) - Ramp raises $5 million to build expense tracking
  • (37:10) - ChatGPT used to recover over $100k in unpaid invoices
  • (43:11) - FinTech failures and Xero's layoffs
  • (47:29) - Startup CFO used Chat GPT to create FP&A tool
  • (52:41) - Which GL will embed AI first?
  • (55:24) - Randomly assigning auditors to companies improves their quality
  • (57:58) - The IRS has already scanned 20 times more documents than all of 2022
  • (59:15) - New commissioner of IRS approved
  • (59:46) - Wrap up and where to reach everyone


Show Notes

Xero to lay off up to 800 staff as tech downturn spreads to accounting

https://www.accountingweb.co.uk/tech/accounting-software/xero-to-lay-off-up-to-800-staff-as-tech-downturn-spreads-to-accounting

 

IRS expands digital processing

https://www.accountingtoday.com/news/irs-expands-digital-processing

 

Senate approves Werfel as IRS chief

https://www.accountingtoday.com/news/senate-approves-werfel-as-irs-chief

 

Reshaping Xero to enable disciplined growth and focus

https://www.xero.com/blog/2023/03/reshaping-xero-to-enable-growth/

 

Bill.com Holdings: QuickBooks Flips From Asset To Serious Threat ...

https://seekingalpha.com/article/4585422-billcom-holdings-quickbooks-flips-from-asset-to-serious-threat

 

Ramp Raises $5 Million for User and Revenue Forecasting Platform

https://www.pymnts.com/news/investment-tracker/2023/ramp-raises-5-million-for-user-and-revenue-forecasting-platform/

 

The Week That Broke the Bank for Crypto             

https://www.pymnts.com/cryptocurrency/2023/the-week-that-broke-the-bank-for-crypto/

 

FinTech Cash Burn Totaled $12 Billion in 2022      

https://www.pymnts.com/news/fintech-investments/2023/fintech-cash-burn-totaled-12-billion-in-2022/

 

What’s going on at Silicon Valley Bank?! 

https://newsletter.dtrh.co/p/whats-going-on-at-silicon-valley

 

Silicon Valley Bank shoots self in foot      

https://techcrunch.com/2023/03/09/silicon-valley-bank-shoots-self-in-foot/

 

Most corporate fraud goes undetected  

https://www.cfobrew.com/stories/2023/01/26/most-corporate-fraud-undetected-new-study

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

Classifieds

Client Hub - https://clienthub.app/
RightTool for QuickBooks Online - https://righttool.app
Future Firm Accelerate - https://futurefirmaccelerate.com/cap
Uncat - https://www.uncat.com/
Nett Tracker - https://www.nett-tracker.com/


Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro...

Więcej odcinków z kanału "The Accounting Podcast"