The M-Score is warning that the chance of fraud is the highest in over 40 years; Did KPMG fail to issue a critical audit matter for Silicon Valley Bank?; The spreadsheet apocalypse, revisited; Former startup founder charged by prosecutors for defrauding JPMorgan Chase; EY split fails; watch out for AI voice cloning scams; and more!SponsorsShareFile - https://cloudaccountingpodcast.promo/sharefileRelay - https://cloudaccountingpodcast.promo/relayClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters
(00:00) - Preview: Incentives to allow fraudulent users

(00:52) - Introduction and welcome to the show

(03:51) - WSJ reports fraud indicator "M" score is up

(08:52) - Should KPMG have issued a critical audit matter for SVB?

(16:13) - EY no longer to split off auditing

(18:36) - JPMorgan defrauded for $175 million by startup founder

(23:21) - CPA in Bakersfield stole $355,000 from investors

(24:31) - Block accused of allowing fake accounts to boost their user growth numbers

(27:48) - Square is changing their refund policy to not refund processing fees

(29:03) - A few new Intuit announcements

(32:06) - Security risks with AI and voice cloning is happening in real life

(35:53) - Microsoft Loop

(40:34) - Nicholas asks for recs for CPAs who want to start their own small firm

(46:50) - Michael's email about barriers to CPA

(48:22) - Corey from Minnesota CPA Society shares message and website with resources

(49:27) - Will AI attract or detract more people to the accounting profession?

(57:50) - Blake co-wrote an article for CPA Practice Advisor

(01:02:31) - Wrap up and where to reach us
Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesIntuit QuickBooks Launches Rest-of-World App Store - CPA Practice Advisorhttps://www.cpapracticeadvisor.com/2023/04/11/intuit-quickbooks-launches-rest-of-world-app-store/78582/ EY’s leaders missed a brewing revolt at the firm’s biggest operation. Soon, their deal was scuttledhttps://www.wsj.com/articles/ey-breakup-plan-doomed-by-miscalculations-and-powerful-opponents-61b7e02d ‘I’ve got your daughter’: Scottsdale mom warns of close call with AI voice cloning scamhttps://www.azfamily.com/2023/04/10/ive-got-your-daughter-scottsdale-mom-warns-close-encounter-with-ai-voice-cloning-scam/ Bond losses such as those at Silicon Valley Bank could have been raised as “critical audit matters”—a measure designed to help investors decode risks and uncertainties buried in financial statementshttps://www.wsj.com/articles/auditors-didnt-flag-risks-building-up-in-banks-6506585c Former Start-Up Founder Charged by Prosecutors for Defrauding JPMorgan Chasehttps://www.nytimes.com/2023/04/04/business/charlie-javice-jpmorgan-fraud.html The Spreadsheet Apocalypse, Revisited [Chart]https://twitter.com/johnnosta/status/1641586085640695810?s=12 The M-Score is warning that the chance of fraud at major companies is the highest in over 40 years, writes Numbers columnist @JoshZumbrunhttps://www.wsj.com/articles/accounting-fraud-indicator-signals-coming-economic-trouble-506568a0 New Microsoft Loop app is built for co-creation | Microsoft 365 Bloghttps://www.microsoft.com/en-us/microsoft-365/blog/2023/03/22/new-microsoft-loop-app-is-built-for-modern-co-creation/ Shares of the payments company formerly known as Square fell more than 20% in early trading Thursday after a short seller questioned the company’s user numbers and accused it of predatory tacticshttps://www.wsj.com/articles/short-seller-hindenburg-says-jack-dorseys-payments-company-inflates-user-numbers-f3216466 Startup CEO charged in $175 million fraud case        https://abcnews.go.com/Business/startup-ceo-charged-175-million-fraud-case/story?id=98363900 Our Obsession with Hours Is Destroying the Accounting Professionhttps://www.cpapracticeadvisor.com/2023/04/12/our-obsession-with-hours-is-destroying-the-accounting-profession/78643/ Accoun