Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm....
Are you accidentally breaking CPA rules across state lines? Guest Lindsay Patterson, CPA CIA breaks down the new mobility landscape after alternative licensure paths—and the surprising data firms must track to avoid fines, failed peer reviews, and redoing audits. Plus: Congress’s Fiscal State of the Nation bill, Deloitte’s PR storm, QuickBooks’ AI reconciliation, and what’s driving a rebound in accounting majors. Walk away knowing where to get licensed, what triggers penalties, and how to protect your firm.
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Chapters- (00:00) - Introduction and CPA Email Incident
- (00:33) - AI in QuickBooks: A Game Changer?
- (06:00) - Live Stream Shoutouts and YouTube Promotion
- (06:54) - New Legislation: Fiscal State of the Nation Act
- (10:37) - CPA Mobility and Alternative Pathways
- (11:47) - Guest Segment: Lindsay Patterson on CPA Mobility
- (33:13) - Deloitte's Bad Week: Controversies and Criticisms
- (35:58) - CPA Firms in Trouble: The Zwick CPA Case
- (40:05) - Jerome Powell's Defiant Statement
- (44:29) - Why Accountants Leave Public Accounting
- (51:24) - Listener Emails and Final Thoughts
- (52:08) - The Future of Accounting Jobs
- (55:12) - Private Equity in CPA Firms
Meet Lindsay Patterson:
LinkedIn: https://www.linkedin.com/in/lindsaypatterson/
Show Notes
AICPA Urges Congressional Support for Fiscal State of the Nation Act
https://www.aicpa-cima.com/news/article/aicpa-urges-congressional-support-for-fiscal-state-of-the-nation-act
Barr Reintroduces Bipartisan Fiscal State of the Nation Act to Strengthen Oversight of Government Spending
https://barr.house.gov/press-releases?id=EDF451C5-EEAE-44D7-85A8-2B714E9D7822
For CPAs, one license — and 55 rulebooks
https://www.accountingtoday.com/opinion/for-cpas-one-license-and-55-rulebooks
Deloitte's Disturbing Pattern Allegedly Cost Americans Health Coverage, Delayed Benefits, and the US Government $74B
https://www.ibtimes.co.uk/deloittes-disturbing-pattern-allegedly-cost-americans-health-coverage-delayed-benefits-us-1773010
Deloitte to ramp up India operations with 50,000 new hires
https://www.internationalaccountingbulletin.com/news/deloitte-hiring-india/
PCAOB Sanctions Audit Firm, an Owner of That Firm, and a Former Audit Manager for Multiple Violations of PCAOB Rules and Standards
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-audit-firm--an-owner-of-that-firm--and-a-former-audit-manager-for-multiple-violations-of-pcaob-rules-and-standards
PCAOB bars Zwick CPA, owner and manager
https://www.accountingtoday.com/news/pcaob-bars-zwick-cpa-owner-and-manager
Turnover Experiences in Public Accounting and Alumni's Decisions to 'Give Back'
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266300
U.S. Accounting Undergraduate Enrollment Rises for Third Straight Year
https://www.prnewswire.com/news-releases/us-accounting-undergraduate-enrollment-rises-for-third-straight-year-302665511.html
Accounting undergrad enrollment rises for third year
https://www.accountingtoday.com/news/accounting-undergrad-enrollment-rises-for-third-year
Capital One to Acquire Brex
https://investor.capitalone.com/news-releases/news-release-details/capital-one-acquire-brex
Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal
https://www.cnbc.com/2026/01/22/capital-one-is-buying-startup-brex-for-5point15-billion-in-credit-card-firms-latest-deal.html
Florida Republican candidate suggests 'sin tax' for OnlyFans creators
https://thehill.com/homenews/nexstar_media_wire/5691927-florida-governor-candidate-sin-tax/
Florida gubernatorial candidate proposes 50% "sin" tax on OnlyFans creators; top earner Sophie Rain pushes back
https://www.cbsnews.com/miami/news/florida-onlyfans-tax-proposal-james-fishback-sophie-rain/
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