Remote Accountants Get Paid Less

The Accounting Podcast

Blake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabilities in recent news headlines.

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Chapters

• (00:34) - Will accountants soon earn overtime pay?
• (04:57) - Listener writes in about their own audit experience at a Top-30 firm
• (08:14) - Trump's Truth Social audit update
• (14:44) - PCAOB proposed audit metrics
• (20:44) - 71% of Big 4 auditors worry about mental health
• (23:27) - Blake shares a clip from new Bayer CEO
• (33:48) - H&R Block employees prefer remote work
• (38:14) - Remote accountants get paid less
• (39:35) - Executives and managers perceive in-office workers as higher performers
• (42:06) - The four day work week is becoming more common
• (45:27) - Cody writes in about Big 4 vs industry
• (47:09) - Hannah asks about outsourcing and offshoring costs
• (49:59) - Amazon Fresh stores were using Indian employees for "just walk out" tech
• (55:22) - Shohei Ohtani's translator charged in sports gambling case
• (58:14) - Accounting Today wrongly claims accountants are saving 30 hours a week on average using AI
• (01:01:34) - Blake shares a clip from the All In podcast on the future of AI
• (01:04:48) - Is it time for a new ERP system?
• (01:07:47) - Thanks for listening and remember to subscribe

Show Notes

71% of Big 4 Auditors Worry About Mental Health | CFO

https://www.cfo.com/news/71-of-big-4-auditors-worry-about-mental-health/712063/

Will Getting Rid of Bosses Fix the Workplace? - The Journal. - WSJ Podcasts

https://www.wsj.com/podcasts/the-journal/will-getting-rid-of-bosses-fix-the-workplace/fc0d31d3-2d08-441e-abd8-d77b660fe258

59% of accountants use AI to save about 30 hours a week on tasks | Accounting Today

https://www.accountingtoday.com/news/59-of-accountants-use-ai-to-save-about-30-hours-a-week-on-tasks

Y Combinator wants to fund new enterprise resource planning (ERP) software"

https://www.instagram.com/reel/C3-zHmOIqbI/?igsh=dTMxMDBjNGg3a2p0

Ohtani translator charged with stealing millions for 19,000 bets | Accounting Today

https://www.accountingtoday.com/articles/ohtani-translator-charged-with-stealing-millions-for-19-000-bets

KPMG Fined Record $25 Million in Exam-Cheating Scandal – WSJ

https://www.wsj.com/articles/kpmg-fined-25-million-over-alleged-netherlands-exam-cheating-a4dcba2a?st=yl6xiqm8nh6gug8

Botkeeper Infinite replaces outsourcing with more AI to help firms automate | Accounting Today

https://www.accountingtoday.com/news/botkeeper-infinite-replaces-outsourcing-with-more-ai-to-help-firms-automate

More Companies Adopt 4-Day Work Week - CPA Practice Advisor

https://www.cpapracticeadvisor.com/2024/03/27/more-companies-adopt-4-day-work-week/103199/

When Layoffs Happen, Remote Workers Are Hardest Hit - WSJ

https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d?reflink=integratedwebview_share

Does Working from Home Boost Productivity Growth? | San Francisco Fed

https://www.frbsf.org/economic-research/publications/economic-letter/2024/january/does-working-from-home-boost-productivity-growth/

Trump Media's Accounting Firm Has Audit Deficiency History

https://finance.yahoo.com/news/trump-media-accounting-firm-history-150150627.html

Amazon's Just Walk Out Actually Uses 1,000 People in India

https://www.businessinsider.com/amazons-just-walk-out-actually-1-000-people-in-india-2024-4

PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheating

https://www.cpapracticeadvisor.com/2024/04/10/pcaob-wallops-kpmg-in-the-netherlands-with-25-million-fine-for-exam-cheating/103803/

PCAOB crackdown shifting to focus on auditing firms

https://www.accountingtoday.com/news/pcaob-crackdown-shifting-to-focus-on-auditing-firms

PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metrics

https://www.cpapracticeadvisor.com/2024/04/10/pcaob-issues-proposal-requiring-audit-firms-to-disclose-variety-of-metrics/103758/

PCAOB proposals call for firms to disclose more about themselves

https://www.journalofaccountancy.com/news/2024/apr/pcaob-proposals-call-firms-to-disclose-more-about-themselves.html

Only 48% of accounting, consulting, legal, and private capital professionals have used AI tools at work despite near ...