ChatGPT Isn’t Terminator for Accountants…Yet
Ed. note: the following is a guest post by Jack Castonguay, PhD, CPA, who has not yet been replaced by ChatGPT as far as we know. Or has he? Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? […]
Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023
2022 was not exactly a banner year for accounting but if you don’t count the collapse of FTX, it wasn’t terrible for public perception either. Oh wait, there was that whole EY cheating thing. And a big IRS raid tied to tax incentives. That’s it though right? IDK, if I missed something big let me […]
No One Cares But Here Are PwC’s 2023 Metaverse Predictions Anyway
What’s next for the metaverse and what — if anything — should you do about it? PwC has answered the question no one is really asking in its 2023 metaverse predictions. These predictions are, as you’d expect, dumb made assuming that businesses and consumers alike will begin using the metaverse in earnest rather than making […]
Half-Assed, Half-Baked, Better-Late-Than-Never Predictions For Accounting In 2022
Hello. Yes, long time no speak. Since there’s been a global pandemic going on, I’ve been taking it extra easy. No need to exert myself when no one else is. Oh, you have been exerting yourselves? I get that being stuck home hasn’t been great for a lot of people, and lots of accountants don’t […]
7 (Mostly Terrible) Predictions for the Accounting Profession in 2019
Hi. Me again. It’s been awhile since we’ve met here. I can’t make any promises, but I hope to pop in now and again in 2019. Plus, Adrienne asked me nicely and she never asks for anything nicely, so here we are. Speaking of that request, it went more or less like this: AG: Would […]
What Will Be the Greatest Issue to Impact the Accounting Profession in 2019?
Around this time of year, we all inevitably start thinking about the year behind and the year ahead. Maybe we swear to do better come January, maybe we say fuck it and don’t change a thing. Whatever your approach to the stroke of midnight, it’s tempting to think about what issues might affect the profession in […]
Mandatory Viewing and Predictions for Understanding the Accounting Profession’s Future
Last week I decided to dust of an old favorite of mine: The Singularity is Near by Ray Kurzweil (Mandatory reading for the paranoid self-proclaimed futurist). I use the term dust metaphorically, because of course I read it on my smartphone on a flight home from Melbourne. This leads me to the point — Kurzweil […]
Here Are the Things the Accounting Profession Will Continue to Give Lip Service to in 2015
The accounting profession's "thought leaders" love to pay lip service to buzzwords and concepts that the rest of the world knew about before it was cool. While a new year is upon us, this tradition will continue on much like an incurable STD. In the interest of helping you know what you should tune out […]
SEC, China Will Probably Compromise Over Big 4 Chinese Affiliates Someday, Says Guy
The SEC's move against the Big 4's Chinese affiliates on Monday has people all worked up. On the one hand, yes, if the SEC were to delist a lot of Chinese companies that would make a lot of people sad. Also, if fewer Chinese companies were to consider accessing U.S. markets because they aren't so […]
PricewaterhouseCoopers Suggests You Put Your Money on Brazil to Win the World Cup
Leave it to an accounting firm to make a conservative pick on the biggest sporting event in the world. The firm tries to make the point that wealthy countries do not outperform poorer ones in the football tournament. The most poignant (and blatantly obvious) example being that the United States sucks and Brazil is a heavyweight:
“The US football team performs well below expectations based on the size of its economy or population relative, for example, to Brazil. This reflects the ascendency of football in Brazil as contrasted to the greater popularity of sports such as American football and baseball in the US.”
However, P. Dubs manages to give England a fighting chance, “England seems a reasonable bet to reach the quarter finals based on its current FIFA world ranking and past World Cup performance, but it will do well to get beyond that point – which it has never done before when playing outside Europe.” That’s especially shocking since the firm has a vested interest in at least one English lad.
But as we mentioned at the outset, P. Dubs suggests the safe money is on Brazil, “Brazil remains the favourite to lift the World Cup this summer as the number one ranked footballing nation and the only country that has won the tournament outside its home region.” If you want some sweet action, take the home team.
Power v passion: Wealth comes second to location and tradition when projecting World Cup winners [PwC]