EPISODE · Oct 21, 2020 · 1H 1M
Ernst & Young Auditors Under Scrutiny After String of Massive Frauds
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsBQE CORE: http://cloudaccountingpodcast.promo/coreClockShark: https://cloudaccountingpodcast.promo/clocksharkOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes03:35 – Reviews from Julie Sigety, CPA, Angela, and MarieP86! 06:44 – String of Firms That Imploded Have Something in Common: Ernst & Young Audited Themhttps://www.wsj.com/articles/string-of-firms-that-imploded-have-something-in-common-ernst-young-audited-them-11602863319 13:12 – New Zoom Enhancements to Help Customers Re-Enter the Office & Enable Hybrid Workforceshttps://blog.zoom.us/new-zoom-enhancements-to-help-customers-re-enter-the-office-enable-hybrid-workforces/ 18:00 – Introducing Zapps, Bringing Best-of-Breed Apps Into the Zoom Experience https://blog.zoom.us/introducing-zapps-bringing-best-of-breed-apps-into-zoom/ 18:24 – Bring Zoom Into Your Apps With Our Customizable SDK https://blog.zoom.us/bring-zoom-into-your-apps-with-our-customizable-sdk/18:54 – From The Folks Who Brought You Boring Meetings: CEOs Want To Ditch Sterile Zoom Callshttps://www.npr.org/2020/10/14/923428794/from-the-folks-who-brought-you-boring-meetings-ceos-want-to-ditch-sterile-zoom-c 23:11 – It's Almost Impossible to Get COVID-19 on an Airplane, New Military Study Suggests https://www.military.com/daily-news/2020/10/15/its-almost-impossible-get-covid-19-airplane-new-military-study-suggests.html 26:53 – Report: Hackers Hit 2,000 Robinhood Accounts https://www.pymnts.com/news/security-and-risk/2020/report-hackers-hit-2000-robinhood-accounts/ 30:16 – What’s New in the Sage Intacct Release 3 https://www.accttwo.com/blog/whats-new-in-the-2020-sage-intacct-release-331:25 – BofA adds three new APIs to CashPro treasury producthttps://www.finextra.com/pressarticle/84422/bofa-adds-three-new-apis-to-cashpro-treasury-product33:46 – European fintech giant Revolut is close to applying for a bank charter in California, sources sayhttps://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html 35:55 – Square Introduces Terminal API For Payments https://www.pymnts.com/api/2020/square-introduces-terminal-api-for-all-in-one-payments/ 38:33 – TD Bank files lawsuit against Plaid, accusing it of trying to 'dupe' consumers https://ca.finance.yahoo.com/news/td-bank-files-lawsuit-against-194530182.html41:24 – Intuit QuickBooks achieves open banking milestonehttps://www.accountantsdaily.com.au/technology/14942-intuit-quickbooks-achieves-open-banking-milestone42:51 – QR codes added to IRS balance-due noticeshttps://www.accountingtoday.com/news/irs-adds-qr-codes-to-balance-due-notices 44:31 – Starling Bank small business customers get PayStream accounting platform as an option https://www.techradar.com/uk/news/starling-bank-small-business-customers-get-paystream-accounting-platform-as-an-option 45:11 – Receipt Bank launches 'one place to pay' app https://www.finextra.com/pressarticle/84473/receipt-bank-launches-one-place-to-pay-app 46:34 – Treasury encouraged banks to prioritize PPP loans for existing clients, hurting minority- and women-owned small businesses, House report says https://www.cnbc.com/2020/10/16/treasury-encouraged-banks-to-prioritize-ppp-loans-for-existinG-clients.html 50:32 – Survey: Who’s Not Billing for PPP Services? https://cpatrendlines.com/2020/10/12/more-than-1-in-5-accountants-are-not-charging-for-ppp-services/ 53:19 – Wells Fargo terminates employees over potential COVID-19 relief fraud https://www.foxbusiness.com/economy/wells-fargo-fires-employees-over-potential-covid-19-relief-fraud55:01 – Voicemail!! Get in TouchThanks 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) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts...
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What this episode covers
We're celebrating the passing of the final official tax deadline of 2020 with a huge slew of news! We'll dive into what E&Y has in common with a string of imploding firms. Then we'll Zoom into a wide array of updates and features that will take the yawn factor out of videoconferencing, and enhance employee safety, and enable hybrid workforces. If you've been itching to travel, a new study reveals that it's nearly impossible to catch COVID on a plane. Venturing into other news, we'll talk about Robinhood, and the lack of security in many newer fintech players, and we look at Revolut's play to get a bank charter in Cali. Then, we'll round out the party with some IRS updates, PPP happenings, and we'll also see who's not charging for PPP services. All this, and party favors! Enjoy!
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Ernst & Young Auditors Under Scrutiny After String of Massive Frauds
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