In this episode of the Trusted Professional Podcast, Dr. Sean Stein Smith shares his journey into the accounting profession, highlighting the importance of embracing technology such as AI and blockchain. He discusses the challenges facing the accounting profession, including the need for adaptation to new tools and trends.

Dr. Smith emphasizes the broad spectrum of opportunities available to CPAs beyond traditional audit and tax roles. He advocates for continuous education as a means to remain relevant in a rapidly changing landscape.

The conversation also touches on the perception of accounting careers and the importance of recognizing opportunities in midsize firms. The episode concludes with a lighthearted discussion about fictional accountants and their portrayal in media.

Summary

In this episode of the Trusted Professional Podcast, host Calvin Harris Jr. interviews Renata Serban, a CPA and CMA with a unique background in cannabis accounting. Renata shares her unconventional journey from Kazakhstan to becoming a leading figure in the cannabis accounting space.

The conversation explores the challenges faced by accountants today, misconceptions about the profession, and the importance of accountants in the cannabis industry. Renata also discusses innovative ideas for attracting new talent to the profession and the future of cannabis accounting amidst changing regulations.

Takeaways

• Renata's journey from Kazakhstan to accounting is inspiring.
• The accounting profession is facing significant challenges today.
• Misconceptions about accountants being mere tax preparers persist.
• The cannabis industry presents unique opportunities for accountants.
• Engaging middle schoolers can help raise awareness about accounting.
• Accountants need to adapt to technological advancements.
• Renata emphasizes the importance of empathy in client relationships.
• The cannabis industry is evolving, and accountants play a crucial role.
• Innovative ideas are needed to attract new talent to accounting.
• The future of cannabis accounting is promising with potential reforms.

Summary

In this episode of The Trusted Professional Podcast, host Calvin Harris Jr. speaks with Mark Mallare, an audit manager and next-gen chair of the Buffalo chapter of the CPA society. They discuss Mark's journey into accounting, the challenges facing the profession, the perception of accountants as workaholics, and the importance of educating the next generation about diverse career paths in accounting. Mark emphasizes the need for accountants to tell better stories about their profession and to connect with students to inspire future generations.

Takeaways

• Mark Mallare emphasizes the importance of engaging younger CPAs.
• The accounting profession faces challenges, particularly in the pipeline of new talent.
• Accountants often have a negative perception as workaholics.
• Education about diverse career paths in accounting is crucial for students.
• Mark's journey into accounting was influenced by his interest in math and job security.
• The CPA exam, while challenging, opens many doors for career opportunities.
• Accountants should focus on the positives of their profession rather than the negatives.
• Building personal connections is essential in the accounting field.
• Mark advocates for better storytelling to improve the profession's image.
• The future of accounting relies on educating and inspiring the next generation.