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Blake and David examine Blake's month-long working vacation in Southern California, and talk benefits of remote work for accountants. They also explore recent surveys on accounting firm satisfaction and the use of AI in tax practices and then delve into the ongoing accountant shortage, its impact on internal controls, and the challenges of recruiting new talent to the profession. Additionally, there's talk about the persistence of paper checks in certain industries and the evolving landscape of accounting firm partnerships.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowZoho - http://accountingpodcast.promo/zohoLendflow - http://accountingpodcast.promo/lendflowGenwise - http://accountingpodcast.promo/genwiseChapters(01:14) - How Blake Made His Summer Vacation in Southern California Possible (12:51) - Accountants Are Number 2 Happiest Workers (18:12) - Equity vs Non-Equity Partners at Firms (20:41) - Private Equity in Accounting Firms (24:44) - Thank You to Our Sponsor, LiveFlow (26:03) - Engaging the Next Generation of Accountants (28:59) - The Accountant Shortage and Its Impact on Capital Markets (32:08) - The Persistence of Paper Checks in a Digital World (33:48) - Generative AI in Tax Preparation: A Divided Opinion (36:09) - AI's Role in Accounting and the Future of the Profession (41:13) - Thank You to Our Sponsor, Zoho (44:56) - Thank You to Our Sponsor, Lendflow (47:43) - Listener Mail: The Big Four Experience Debate (51:04) - Thank You to Our Sponsor, GenWise (52:36) - Final Thoughts and Announcements Show NotesAccountants Among the Happiest Workers in the U.S., New Study Findshttps://www.cpapracticeadvisor.com/2024/07/22/accountants-among-the-happiest-workers-in-the-u-s-study-finds/108298/ Number of the Day: $839,687https://www.cpapracticeadvisor.com/2024/07/22/number-of-the-day-839687/108273/ New York State Society of CPAshttps://www.nysscpa.org/ The Accountant Shortage Highlights How Critical Accounting Is to Capital Markets | Smith School https://www.rhsmith.umd.edu/research/accountant-shortage-highlights-how-critical-accounting-capital-markets Why Paper Checks Refuse to Die - The New York Times https://www.nytimes.com/2024/07/24/business/paper-check-payment-fraud-scam.html Tax practitioners both excited and concerned about gen AI says Thomson Reuters | Accounting Today https://www.accountingtoday.com/news/tax-practitioners-both-excited-and-concerned-about-gen-ai-says-thomson-reutersNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page