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

Intuit Launches ERP, China Fines PwC, OpenAI's New Model

The Accounting Podcast