The Accounting Podcast

Blake Oliver & David Leary

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

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609 episodes
Updated Friday

Episodes609

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Friday · 1 hr 1 min
IRS Chief Spied on Colleagues & Out of Control AI
Could an AI agent decide to hack a system, or cancel your software subscription just to complete its task? Blake and David examine reports of AI agents escaping guardrails, flooding IRS rulemaking with generated comments, and taking autonomous business actions. They also trace accounting from ancient clay tokens to today’s AI economy, exploring why calculating profit and trustworthy records matter more than ever. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Veltrix - http://accountingpodcast.promo/veltrix Chapters (00:00) - Profit First Accounting (00:33) - Dumb Accounting AI (02:40) - AI Guest Pitch Email (07:21) - When Agents Go Rogue (09:38) - OpenAI Agent Hacks Out (11:57) - Waymo Laws And Goals (16:33) - IRS Chief Spy Claims (19:28) - AI Floods IRS Comments (23:30) - SaaStr AI Cancels SaaS (28:09) - Ode To Accounting Site (29:54) - Accounting Births Writing (31:24) - Double Entry Changes Everything (32:09) - Industrial Era Standards (33:29) - Internet Cloud And AI (34:19) - Hosts React Tokens Return (36:49) - Profit Cost Accounting And AI (39:33) - Round Tripping Explained (44:00) - IRS EIN Breakdown (46:19) - Trump Accounts Adoption (48:20) - Tax Leak Sentencing Debate (50:23) - KPMG Australia Shakeup (52:09) - QuickBooks MCP Workflows (55:52) - Intuit Card Versus Ramp (57:35) - Ramp Stablecoin And Token Spend (01:00:39) - Wrap Up And Where To Find Us Show Notes OpenAI and Hugging Face partner to address security incident during model evaluation https://openai.com/index/hugging-face-model-evaluation-security-incident/ Trump's IRS Chief Frank Bisignano Accused of Using Hi-Tech Software to Spy on Colleagues' Emails at JPMorgan https://www.thedailybeast.com/trumps-irs-chief-frank-bisignano-accused-of-using-hi-tech-software-to-spy-on-colleagues-emails-at-jpmorgan/ IRS blitzed with AI-generated comments on proposed tax rules https://www.accountingtoday.com/news/irs-blitzed-with-ai-generated-comments-on-proposed-tax-rules Your Agents Are About to Start Firing Your Vendors. Ours Fired Marketo. https://www.saastr.com/your-agents-are-about-to-start-firing-your-vendors-ours-fired-marketo/ Basis offers AI agents, love letters and an ode to accounting https://www.accountingtoday.com/news/basis-offers-ai-agents-love-letters-and-an-ode-to-accounting 7 Million Trump Accounts Have Been Opened, Administration Says https://www.cpapracticeadvisor.com/2026/07/29/7-million-trump-accounts-have-been-opened-administration-says/187586/ DC Circuit Denies Littlejohn Appeal and the Need for Privacy Protections Remains https://www.ntu.org/foundation/detail/dc-circuit-denies-littlejohn-appeal-and-the-need-for-privacy-protections-remains KPMG Australia appoints new CEO https://www.internationalaccountingbulletin.com/news/kpmg-australia-appoints-new-ceo/ KPMG Fires Former COO Eileen Hoggett Over Confidentiality Breach https://news.ssbcrack.com/kpmg-fires-former-coo-eileen-hoggett-over-confidentiality-breach/ QuickBooks Expands Into Claude and ChatGPT with New Features https://www.intuit.com/blog/news-social/quickbooks-expands-into-claude-and-chatgpt-with-new-sales-invoicing-payroll-and-lending-features/ Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks https://investors.intuit.com/news-events/press-releases/detail/1316/intuit-launches-business-credit-card-that-brings-spend-management-rewards-and-insights-together-in-quickbooks Ramp Brings Stablecoin Accounts and Payments to All Customers https://www.prnewswire.com/news-releases/ramp-brings-stablecoin-accounts-and-payments-to-all-customers-302830447.html Ramp Launches AI Token Spend Controls https://www.prnewswire.com/news-releases/ramp-launches-ai-token-spend-controls-302827389.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities
July 25 · 1 hr 7 min
How Sam Leon Uses Claude Cowork to Prep Tax Returns 5x Faster
Can one accountant really do tax prep five times faster with AI? Blake and David talk with Sam Leon, founder of The Millennial CPA, about how he uses Claude projects to turn client documents into tax workpapers, speed up review, and run a solo firm built around software. They also dig into where AI still falls short, why review remains the bottleneck, and what firms can realistically automate today. Sponsors Digits - http://accountingpodcast.promo/digits The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/cas Chapters (00:00) - Autonomous AI Reality Check (00:11) - Show Welcome and Interview Tease (00:55) - Sponsor Spotlight Digits (02:34) - Trump IRS Deal Dismissed (05:20) - California Billionaire Tax Fight (07:35) - New York Pied a Terre Tax (09:29) - Sponsor Spotlight Value Builder System (11:18) - Xero CEO Pay and Stock Sale (16:39) - Verification Tax and AI Jobs (22:06) - Sponsor Spotlight OnPay (23:21) - 1948 IBM Accounting Machine Lesson (29:56) - Sponsor Spotlight Cloud Accountant Staffing (31:07) - Meet Sam Leon Millennial CPA (32:01) - Solo Firm Vision (33:15) - From Big Firms to Millennial CPA (35:42) - Why AI Agents Weren’t Ready (37:19) - Automating Tax Prep Workflow (40:33) - Smart Intake for Better Scoping (43:06) - End to End Return Automation (46:04) - AI Workpapers and Review (49:38) - Claude Setup and Time Savings (58:18) - Tech Spend and Pricing Strategy (01:02:52) - Building TaxWeave Platform (01:06:21) - Wrap Up and CPE Info Show Notes Judge Smacks Down Trump's IRS Settlement And Orders Sanctions https://www.cnn.com/2026/07/13/politics/trump-irs-judge-ruling-settlement-sanctions Instead of Uniting the Left, California's Billionaire Tax Measure Has Split Democratic Allies https://www.cpapracticeadvisor.com/2026/07/08/instead-of-uniting-the-left-californias-billionaire-tax-measure-has-split-democratic-allies/186379/ NYC lawyers slam pied-a-terre tax as a half-baked money grab https://www.audacy.com/1010wins/news/local/nyc-lawyers-slam-pied-a-terre-tax-as-a-half-baked-money-grab A 1948 IBM computer with no memory at all, fed by punchcards, was still doing the accounting at a Texas filtration company as recently as 2020 https://scienceblog.com/t-1948-ibm-402-punchcards-sparkler-filters-accounting-2020/ Time saved by AI partially canceled out by time spent checking AI https://www.accountingtoday.com/news/time-saved-by-ai-partially-cancelled-out-by-time-spent-checking-ai Research Suggests Jobs May be Safer at Companies that Embrace AI https://www.cpapracticeadvisor.com/2026/07/07/research-suggests-jobs-may-be-safer-at-companies-that-embrace-ai/186281/ AI Is No Longer Just a Tech Occupation Story: It's Spreading Across Job Titles in the US and Europe https://www.hiringlab.org/2026/07/08/ai-is-no-longer-just-a-tech-occupation-story/ The 2026 Best Accounting Firms for Technology https://www.accountingtoday.com/list/the-2026-best-accounting-firms-for-technology Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Meet Our Guest, Sam Leon, CPA LinkedIn: https://www.linkedin.com/in/samuelaaronleon/ Website: https://www.millennialcpa.tax/ Website: https://www.taxweave.ai/ Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Flowglad - https://cal.com/team/flowglad/flowglad Want 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 classi...
July 17 · 1 hr 2 min
How Much Will World Cup Players Pay in Taxes & Xero's New AI Agent Builder
What do World Cup taxes, AI-built accounting tools, and remote work have in common? In this episode, Blake and David unpack how tax rules hit global athletes and sports bettors, why Xero’s new AI products signal a shift toward accountants building their own software, and where firms still face risk with audit standards, cybersecurity, and homegrown apps. You’ll also hear what’s really happening with remote work and a listener correction on Trump accounts. Sponsors Canopy - http://accountingpodcast.promo/canopy OnPay - http://accountingpodcast.promo/onpay The Value Builder System - http://accountingpodcast.promo/value Cloud Accountant Staffing - http://accountingpodcast.promo/cas Chapters (00:00) - Cold Open and Welcome (00:27) - World Cup Chat Setup (04:04) - World Cup Player Taxes (06:58) - Betting and Prediction Taxes (09:47) - Xerocon London Highlights (12:58) - Xero Ultra Midmarket Push (15:31) - Xero Force Agent Builder (20:56) - More Xero Updates (23:22) - App News Canopy Close (26:13) - TaxDome Kiosk In Person (27:34) - Rippling Banking Payroll (29:37) - Exit Readiness Pitch (30:30) - AI Audits Need Rules (32:40) - QC 1000 Rollbacks (35:58) - CBIZ Activist Pressure (39:04) - Vibe Coding Boom (40:41) - DIY Tools Hidden Risks (48:05) - WISP Versus Security (48:57) - Remote Work Reality (50:13) - AI Usage Cost Chaos (54:13) - Trump Accounts Correction (58:23) - AI Handles CPE Reporting (01:01:13) - CPE Plug And Farewell Show Notes World Cup players face tax penalties https://www.accountingtoday.com/news/world-cup-players-face-tax-penalties How Much Will World Cup Players Pay in Taxes? In 2026, FIFA is the Real Winner https://www.cpapracticeadvisor.com/2026/07/06/fifa-is-the-real-winner-of-the-2026-world-cup/186247/ World Cup Betting Tax Rules Differ for Prediction Markets, Sportsbooks https://www.bloomberg.com/news/articles/2026-07-12/world-cup-betting-tax-rules-differ-for-prediction-markets-sportsbooks Xero CEO on AI, the builder class and Xero at 20 https://www.accountingweb.co.uk/tech/tech-pulse/xero-ceo-on-ai-the-builder-class-and-xero-at-20 How we're building Xero to scale with growing businesses https://blog.xero.com/product-updates/xero-ultra-launch-scaling-businesses/ Introducing XeroForce: Your no code custom AI agent builder for financial workflows https://blog.xero.com/news-events/introducing-xeroforce-ai-agent-builder/ Paying your bills just got cheaper: Standard ACH is now free in Xero https://blog.xero.com/product-updates/paying-your-bills-just-got-cheaper-standard-ach-is-now-free-in-xero/ Xerocon London 2026: The Agentic Era Has Arrived for Small Business Finance https://blog.xero.com/product-updates/xerocon-london-2026-agentic-era-small-business-finance/ TaxDome Launches Kiosk: The In-Person Client Experience, Now Digitally Integrated https://www.cpapracticeadvisor.com/2026/06/09/taxdome-launches-kiosk-the-in-person-client-experience-now-digitally-integrated/184868/ Rippling Launches Business Banking https://www.cpapracticeadvisor.com/2026/06/23/rippling-launches-business-banking/185574/ MindBridge urges clearer PCAOB guidance on AI audits https://itbrief.co.uk/story/mindbridge-urges-clearer-pcaob-guidance-on-ai-audits PCAOB Issues Proposed Amendments to QC 1000 and Seeks Public Comment https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-issues-proposed-amendments-to-qc-1000-and-seeks-public-comment Restarting the M&A Flywheel — CBIZ, Inc. https://cbizflywheel.com/ Starbucks starts vibe coding enterprise stack https://www.semafor.com/article/07/09/2026/starbucks-starts-vibe-coding-enterprise-stack Software vendors aren't losing sleep over vibe-coding — yet https://www.accountingtoday.com/news/software-vendors-arent-losing-sleep-over-vibe-coding-yet Most accounting firms can be impersonated by email – we checked 275 of them https://www.accountantsdaily.com.au/business/22638-most-accounting-firms-can-be-impersonated-by-email-we-checked-275-of-them Despite return-to-office crackdowns, remote work is alive and well as the rate has barely changed over the last two years https://fortune.com/2026/07/05/remote-work-data-shows-hybrid-and-flexible-work-arrangements-are-here-to-stay-census-data/ AI bills are baffling the C-suite after shift to usage-based pricing https://www.theregister.com/ai-and-ml/2026/07/03/ai-bills-are-baffling-the-c-suite-after-shift-to-usage-based-pricing/5266383 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @Dav...
July 8 · 58 min
Aussies Want to Break up Big Four & Trump Accounts Go Live on the 4th
What if one tax break could give your child a head start or hand them a pile of money at 18? Blake and David unpack the new Trump accounts, who should use them, and why advisors are split. They also dig into Australia’s latest Big Four scandal, worsening IRS service, AI’s growing role in tax and training, and what these shifts mean for accountants, firms, and clients. Sponsors OnPay - http://accountingpodcast.promo/onpay Canopy - http://accountingpodcast.promo/canopy The Value Builder System - http://accountingpodcast.promo/value Cloud Accountant Staffing - http://accountingpodcast.promo/cas Chapters (00:00) - TAP 495 (01:40) - Sponsor Break OnPay (03:11) - Trump Accounts Basics (04:39) - Risks Versus 529 Plans (08:46) - Roth Conversion Strategy (11:27) - Big Four Scandals Australia (15:02) - Sponsor Break Canopy (16:26) - Coca-Cola Transfer Pricing Fight (21:38) - IRS Data Sharing Mess (23:41) - Tax Season Report Card (26:25) - IRS Help Centers Secret Shop (28:31) - Sponsor Break Value Builder (29:47) - IRS Chatbots Gone Wrong (30:36) - IRS Chatbot Failures (31:37) - Nonprofit Enforcement Push (33:29) - Is Nonprofit Fraud Real (36:27) - Sponsor Cloud Staffing (37:46) - California Billionaire Tax (42:01) - Florida Property Tax Shakeup (45:56) - AI Changes Teamwork (49:12) - AI Automates CPE Reporting (52:17) - KPMG Tax Training Simulator (56:15) - Accounting Firms Robbed (57:10) - Wrap Up and CPE Plug Show Notes Why advisors do and don't recommend Trump accounts https://www.accountingtoday.com/news/why-advisors-do-and-dont-recommend-trump-accounts The Trump Accounts rollout is the biggest advisory opportunity most accountants are missing https://www.accountingtoday.com/opinion/the-trump-accounts-rollout-is-the-biggest-advisory-opportunity-most-accountants-are-missing Australia weighs break-up of Big Four accounting firms after scandals https://www.investing.com/news/stock-market-news/australia-weighs-breakup-of-big-four-accounting-firms-after-scandals-4769425 EY staffer fired after allegedly accessing Prime Minister's bank account https://www.cyberdaily.au/security/13847-ey-staffer-fired-after-allegedly-accessing-prime-minister-s-bank-account Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case https://news.bloombergtax.com/daily-tax-report/coca-cola-meets-sympathetic-judges-in-transfer-pricing-dispute TIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identify https://www.cpapracticeadvisor.com/2026/07/06/tigta-irs-has-data-sharing-pacts-with-over-1120-organizations-some-of-which-it-cant-identify/186216/ National Taxpayer Advocate issues 2026 mid-year report to Congress https://www.irs.gov/newsroom/national-taxpayer-advocate-issues-2026-mid-year-report-to-congress IRS Taxpayer Assistance Centers provided wrong answers to tax questions https://www.accountingtoday.com/news/irs-taxpayer-assistance-centers-provided-wrong-answers-to-tax-questions IRS chatbot results may be wrong https://www.accountingtoday.com/news/irs-chatbot-results-may-be-wrong IRS gives tax-exempt groups closer scrutiny https://www.accountingtoday.com/news/irs-gives-tax-exempt-groups-closer-scrutiny 2026 California billionaire tax initiative https://en.wikipedia.org/wiki/2026_California_billionaire_tax_initiative Semantic schism: Ron DeSantis rebukes Wall Street Journal jab at 'progressive' property tax measure https://floridapolitics.com/archives/801396-desantis-wsj-progressive/ KPMG Turns to AI Simulations to Replace Years of Repetitive Tax Training as Automation Reshapes White-Collar Work https://www.tekedia.com/kpmg-turns-to-ai-simulations-to-replace-years-of-repetitive-tax-training-as-automation-reshapes-white-collar-work/ Three suspects sought after accounting firm robbery in Markham https://www.cp24.com/news/2026/06/30/three-suspects-sought-after-accounting-firm-robbery-in-markham/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers...
July 6 · 56 min
Fake AI Receipt Fraud Soars & Big Firms Losing Power
Are fake AI receipts becoming the next big headache for finance teams? Blake Oliver and David Leary unpack the surge in AI-generated expense fraud, why tax pros are rapidly adopting AI research tools, and how firms are using AI to automate month-end close and revenue recognition. They also cover NASBA’s response to criticism, Intuit’s renewed focus on accountants, and the implications of private equity and a shifting work culture for the future of accounting firms. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Chapters (00:00) - AI Tax Research Surge (00:23) - Show Intro and Lead Story (02:11) - AI Receipt Fraud Explodes (04:42) - Fraud Types and Detection (06:32) - Vibe Coding Goes Mainstream (10:19) - Claude for Rev Rec Workpapers (11:48) - NASBA Letter Follow Up (17:38) - Earmark CPE and New Audit Show (20:08) - Intuit Courts Accountants (23:04) - AI in Tax and IRS Guidance (28:45) - Hourly Billing Debate (29:10) - Disclosing AI Use (29:36) - NASBA Free Speech Question (31:34) - Customer Focus vs Regulation (35:52) - AI Close Tools Meridian (37:38) - DIY Agents for Accounting (39:20) - Claude Builds Rev Rec (44:46) - Eide Bailly Takes PE (48:06) - Big Firms Losing Control (53:01) - PE Meets Culture Shift (53:55) - Wrap Up CPE and Pricing Show Notes Use of AI receipts in expense fraud soars https://www.accountingtoday.com/news/use-of-ai-receipts-in-expense-fraud-soars The future of the ecosystem: Is everyone a developer now? https://devblog.xero.com/the-future-of-the-ecosystem-is-everyone-a-developer-now-f3899ddf0b24 Blue J and CPA.com Survey Finds AI Adoption Among Tax Firms Has Nearly Doubled in One Year https://www.cpa.com/news/blue-j-and-cpacom-survey-finds-ai-adoption-among-tax-firms-has-nearly-doubled-one-year IRS rolls out introductory AI guidelines for tax practitioners https://www.accountingtoday.com/news/irs-rolls-out-introductory-ai-guidelines-for-tax-practitioners IRS electronic tax advisory committee recommends AI and preparer safeguards https://www.accountingtoday.com/news/irs-electronic-tax-advisory-committee-recommends-ai-and-preparer-safeguards The end of hourly billing Ignition's 2025 benchmark signals pricing shift for firms https://www.ignitionapp.com/news/the-end-of-hourly-billing-ignitions-2025-benchmark-signals-pricing-shift-for-firms Intuit CEO to accountants You are the customer not a channel https://www.accountingtoday.com/news/intuit-ceo-to-accountants-you-are-the-customer-not-a-channel Pilot Launches Meridian The AI Platform That Fully Closes the Books for Accounting Firms https://www.globenewswire.com/news-release/2026/06/16/3312500/0/en/pilot-launches-meridian-the-ai-platform-that-fully-closes-the-books-for-accounting-firms.html Kinter.ai Launches Agentic AI Accountants to Automate The Financial Close https://www.prnewswire.com/news-releases/kinterai-launches-agentic-ai-accountants-to-automate-the-financial-close-302807330.html Eide Bailly Advances Growth Strategy and Client Service Commitment Through Investment from Reverence Capital Partners https://www.eidebailly.com/insights/firm-news/2026/reverence-capital-partners-investment With 1.8 Billion Dollar Deal Eide Bailly Set for Explosive Growth https://cpatrendlines.com/2026/06/25/with-1-8-billion-deal-eide-bailly-set-for-explosive-growth/ Losing Control The Erosion of Disciplinary and Pastoral Power in Accounting Firms https://onlinelibrary.wiley.com/doi/10.1111/1911-3846.70028 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher:
June 26 · 1 hr
KPMG Withdraws AI Report Full of "Vibe Citations"
Can AI really clean up messy bookkeeping—and what happens when firms trust it too much? Blake and David break down KPMG’s error-filled AI report, the Pentagon’s new “Agentic Auditor,” and State Farm’s move to tie agent pay to AI. Blake also shares how he used Claude to complete two years of write-up work in hours, with practical lessons on where AI helps, where it fails, and why human review still matters. Sponsors Canopy - http://accountingpodcast.promo/canopy The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Chapters (00:00) - TAP 493 (02:20) - KPMG AI Report Scandal (04:01) - GPTZero Findings Breakdown (05:16) - Hallucinated Case Studies (07:18) - Pentagon Turns to AI Audits (08:33) - Microsoft Copilot Cowork Launch (10:09) - Claude Cowork Write Up Win (15:22) - Recon Fixes and Loan Discovery (20:48) - Future of Agentic Accounting (24:06) - Livestream Q and A TaxGPT (27:01) - AI Review and Human Loop (28:38) - QuickBooks AI Gripe Vibe Coding (31:15) - OnPay Payroll Pitch (32:10) - CPA Fees Rising (33:58) - State Farm AI Agents (37:09) - SpaceX IPO Accounting (39:31) - Musk Disclosure Shift (41:02) - Quarterly Reporting Debate (46:31) - Celebrity Accountant Fraud (50:52) - KPMG Summer Perk Cut (52:24) - Intuit Humanizing AI (55:22) - IRS Data Shared With ICE (57:56) - CPE And Farewell Show Notes Chasing the Hallucinations: KPMG's AI-Powered Attempt at "Redefining Excellence" https://gptzero.me/news/investigations-kpmg/ KPMG's AI report becomes an accidental demo of AI hallucinations https://www.theregister.com/ai-and-ml/2026/06/12/kpmgs-ai-report-turns-into-a-demo-of-ai-hallucinations/5255029 Pentagon turns to AI in push for clean financial audit by 2028 https://www.stripes.com/theaters/us/2026-06-11/pentagon-audit-ai-contract-21941885.html Copilot Cowork is now generally available https://www.microsoft.com/en-us/microsoft-365/blog/2026/06/16/copilot-cowork-is-now-generally-available/ Tax Prep Billing Rates Lift Busy Season 2026 https://cpatrendlines.com/2026/04/14/tax-prep-emerges-from-busy-season-2026-as-the-new-engine-for-billing-rates/ State Farm overhauls agent contracts, mandates AI use https://finance.yahoo.com/technology/ai/articles/state-farm-overhauls-agent-contracts-115756712.html SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire https://fortune.com/2026/06/13/spacex-cfo-bret-johnsen-overnight-billionaire-ipo/ SpaceX CFO Bret Johnsen joins billionaire ranks after $75B IPO: Trial Balance https://www.cfo.com/news/spacex-cfo-bret-johnsen-joins-billionaire-ranks-after-ipo-trial-balance/822848/ Investors oppose semiannual reporting, says poll https://www.accountingtoday.com/news/investors-oppose-semiannual-reporting-says-poll CFA Institute Investor Perspectives: Quarterly Reporting 2026 https://rpc.cfainstitute.org/sites/default/files/docs/research-reports/investor-perspectives-quarterly-reporting-2026.pdf The Global Freelancer Pay Gap Report https://www.remitly.com/us/en/landing/global-freelancer-pay-gap Nick Cannon's Business Accountant Allegedly Embezzles $2 Million, Flees U.S. https://www.tmz.com/2026/05/08/nick-cannon-business-manager-embezzled-millions/ KPMG scraps summer early Friday finish for staff https://www.cityam.com/kpmg-scraps-summer-early-friday-finish-for-staff/ Intuit hires Mother to humanize the QuickBooks maker's AI pitch https://adage.com/agencies/accounts-in-review/aa-intuit-hires-mother-as-creative-strategy-partner/ After issuing more than $20 billion in tariff refunds, the Trump administration is now pursuing legal action to bring the process to a standstill https://fortune.com/2026/06/01/trump-administration-plan-appeal-illegal-ieepa-tariff-universal-refunds/ IRS gave 47,000 taxpayers' addresses to ICE https://www.accountingtoday.com/news/irs-gave-47-000-taxpayers-addresses-to-ice Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and o...
June 18 · 1 hr 8 min
AICPA Says By 2040 Compliance Will Be Automated
Will AI really automate most accounting work by 2040? Blake and David unpack what they heard at AICPA Engage, from deterministic AI agents and rising accounting enrollment to private equity’s growing influence on firms. Plus, Blake shares an exclusive interview with FICPA CEO Shelly Weir on Florida’s fight to protect CPA licensure. Listen to understand where the profession is heading—and what accountants may need to do next. Sponsors Digits - http://accountingpodcast.promo/digits OnPay - http://accountingpodcast.promo/onpay Savant Labs - http://accountingpodcast.promo/savant R.E. Cost Seg - http://accountingpodcast.promo/recostseg Chapters (00:00) - Cash Stolen In Bay Ridge (00:27) - Podcast Welcome Back (02:58) - Engage Conference Takeaways (03:58) - Hidden Vibe Coding (07:50) - Rise 2040 Automation Report (10:47) - Human In The Lead Debate (15:09) - Top Firm Concerns 2026 (18:29) - OpenAI Finance Team Lean (21:52) - Enrollment Up And CPA Pathways (25:19) - 7000 Cash Theft Revisited (26:52) - KPMG Whistleblower Scandal (28:33) - Crowe Gets 3B PE Deal (30:07) - Red Lobster AI Conspiracy (31:30) - PE Cross Selling Risks (33:39) - CPA Trust Campaign Launch (36:17) - Florida Licensure Threat (37:14) - Why Shelly Stayed Quiet (39:13) - What The Bill Proposed (43:28) - Why Deregulation Happened (45:46) - How FICPA Stopped It (48:46) - Mobility And Modernization (01:00:04) - CPE And Future Battles (01:03:59) - Wrap Up And Next Steps Show Notes Man Accused of Stealing $7K from Accounting Firm in Brooklyn https://pix11.com/news/local-news/brooklyn/man-accused-of-stealing-7k-from-accounting-firm-in-brooklyn-nypd/ AICPA and CIMA Launch Rise2040: Shaping the Future of Finance and Accounting https://www.aicpa-cima.com/news/article/aicpa-and-cima-launch-rise2040-shaping-the-future-of-finance-and-accounting The AICPA Asks: Are You Ready for Accounting in 2040? https://www.accountingtoday.com/news/the-aicpa-asks-are-you-ready-for-accounting-in-2040 OpenAI CFO Sarah Friar Offers a Look Inside the Company's Finance Function https://www.cfo.com/news/openai-cfo-sarah-friar-offers-a-look-inside-the-companys-finance-function/822545/ Accounting Undergrad Enrollment Up 9% https://www.accountingtoday.com/news/accounting-undergrad-enrollment-up-9 3 More States Pass CPA Pathways Legislation https://www.cfodive.com/news/3-more-states-pass-cpa-pathways-bills-accounting/821649/ A Master's Degree Isn't the Job Guarantee It Used to Be https://www.wsj.com/articles/a-masters-degree-isnt-the-job-guarantee-it-used-to-be KPMG Secretly and Repeatedly Accessed a Whistleblower's Computer, Then Shared the Files with Its CEO https://thenextweb.com/news/kpmg-accessed-whistleblower-computer Crowe Gets PE Investment from KKR https://www.accountingtoday.com/news/crowe-gets-pe-investment-from-kkr 57% Say PE Threatens the CPA Brand. But They'll Take the Money. https://cpatrendlines.com/2026/06/09/cpa-pe-deal-tracker-57-say-pe-threatens-the-cpa-brand-but-theyll-take-the-money/ Red Lobster's CEO Says He's Going to Transform the Chain into 'The Most AI-Forward Restaurant Company That Exists' https://finance.yahoo.com/sectors/technology/articles/red-lobsters-ceo-says-hes-153500558.html Stephano Slack Scores PE Funding https://www.accountingtoday.com/news/stephano-slack-scores-pe-funding Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Flowglad -
June 10 · 1 hr 1 min
AI Beats Humans at Bookkeeping & Powers Finance Team of One
Can AI now do bookkeeping better than humans? Blake and David dig into new data showing major AI models outperforming outsourced accountants on basic transaction coding, then explore what that means for firms, finance teams, and the future of audit. They also cover a one-person finance team powered by AI agents, KPMG’s scramble to keep up, and why the accounting talent shortage still isn’t going away. Sponsors OnPay - http://accountingpodcast.promo/onpay The Value Builder System - http://accountingpodcast.promo/value R.E. Cost Seg - http://accountingpodcast.promo/recostseg Chapters (00:00) - TAP 491 (00:38) - Top stories preview (03:23) - OnPay support story (04:08) - Finance team of one (06:49) - LLMs vs humans benchmarks (09:15) - Ramp Stack agents (13:04) - Digits interview begins (19:55) - Outcome pricing and skills (28:05) - Livestream Q&A reactions (29:27) - Future of audit Oath (30:29) - Oath AI Audit Vision (31:46) - Continuous Audit Workflow (32:21) - Business Model Debate (33:02) - Big Four On Alert (33:07) - Accounting Engineer Hiring (33:47) - KPMG Courts AI Startups (35:15) - Talent Shortage Worsens (36:31) - Why Seniors Are Scarce (39:55) - Ramp Stack AI Agents (47:14) - Procurement Agents And Valuation (48:50) - KPMG Token Maxing Dashboard (52:31) - KPMG Australia Fallout (54:45) - Trump Tax Settlement Update (56:14) - IRS Leadership Vacuum (59:28) - Wrap Up And Earmark News Show Notes Digits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountants https://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmark Ramp Launches Stack, an AI Operating System for Accounting Firms https://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.html Ramp Launches Fleet of AI Agents Across Its Procurement Platform https://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.html Ramp Raises $750 Million Series F at $44 Billion Valuation https://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html Accounting Talent Shortage Surges — Accounting Today https://www.accountingtoday.com/news/accounting-talent-shortage-surges Ex-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automation https://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath KPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Times https://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/ KPMG Sets 75% AI Usage Target with New Dashboard, Employees Flag It's Easy to Game — Business Insider https://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html Amazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxing https://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189 KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/ Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimony https://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html Bessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutiny https://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast<...
June 5 · 1 hr 5 min
What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting
Is private equity betting on the wrong accounting firms? Blake and David break down CBIZ’s stock slide, why investors may be losing faith in the traditional firm model, and how AI could help smaller firms compete far above their size. They also cover Starbucks ditching AI inventory counts, Microsoft reining in AI tool costs, and what all of it means for accountants navigating automation, pricing, and the future of firm growth. Sponsors Canopy - http://accountingpodcast.promo/canopy OnPay - http://accountingpodcast.promo/onpay C&R Consulting - http://accountingpodcast.promo/cnr Maxima.AI - http://accountingpodcast.promo/maxima Chapters (00:00) - TAP 490 (02:53) - CBIZ Stock Slide (06:13) - AI Threat to Firm Models (11:32) - EisnerAmper Anti AI Take (15:42) - Livestream Shoutouts (16:13) - New England CPA Society Merge (20:42) - Starbucks Kills AI Inventory (23:34) - NASBA Exam Data Mess (26:34) - Phoenix Call Center Jobs and AI (28:36) - Will AI Really Kill Jobs (31:09) - Spreadsheets Then AI Now (33:07) - Automation Enables CFO Services (35:08) - Microsoft AI Token Shock (36:31) - Managing Token Spend (39:27) - AI Architect Role (43:36) - Trump IRS Settlement Reopened (45:04) - Beneficial Ownership Bill (45:52) - Newsom 100% Tax Threat (46:57) - KPMG Australia Whistleblower (49:35) - Xero Force No Code Agents (54:03) - Xero Earnings Melio Impact (59:03) - Vibe Coding Real Examples (01:02:35) - Wrap Up Earmark CPE Show Notes What Can We Learn from CBIZ? https://www.accountingtoday.com/opinion/what-can-we-learn-from-cbiz EisnerAmper on Accounting for AI https://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/ State Societies Merge to Form New England Society of CPAs https://www.accountingtoday.com/news/state-societies-merge-to-form-new-england-society-of-cpas Starbucks Kills Off Its Automated Counting AI Tool After Just 9 Months https://www.goingconcern.com/starbucks-kills-off-its-automated-counting-ai-tool-after-just-9-months-because-it-sucked-at-counting/ NASBA's CPA Exam Reporting Problems Are Improving, But Not Solved https://www.accountingtoday.com/opinion/nasbas-cpa-exam-reporting-problems-are-improving-but-not-solved Phoenix Built an Empire of Cubicle Jobs. AI Is Coming to Tear It Down. https://www.wsj.com/economy/jobs/phoenix-jobs-ai-call-centers-1ca1c3b3 Why the A.I. Job Apocalypse (Probably) Won't Happen https://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.html Microsoft Cut Its Engineers Off from AI Because the Bill Got Too Big https://fortune.com/2026/05/22/microsoft-ai-cost-problem-tokens-agents/ Does Your Firm Need an AI Architect? https://www.accountingtoday.com/opinion/does-your-firm-need-an-ai-architect Judge Reopens Trump's $10 Billion IRS Lawsuit https://www.notus.org/donald-trump/trump-irs-suit-investigate-collusion Newsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fund https://abc7.com/post/newsom-vows-california-will-impose-100-tax-trumps-18-billion-anti-weaponization-fund/19188298/ AICPA Backs Bill Limiting Beneficial Ownership Reporting https://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reporting KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/ Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition Costs https://www.fool.com.au/2026/05/14/xero-fy26-result-revenue-surges-31-but-profit-dips-due-to-melio-acquisition-costs/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser:
May 29 · 53 min
Intuit Stock Gets Hammered & Trump's Wild IRS Settlement
Is AI about to break the billable hour? Blake and David unpack what they heard at a major AI tax summit, where new tools promise to prepare complex returns in minutes instead of hours. They also debate Intuit’s stock slide, Trump’s extraordinary IRS settlement, and what shrinking oversight at the PCAOB could mean. You’ll hear where AI is already changing accounting—and where humans still matter most. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Maxima. AI - http://accountingpodcast.promo/maxima Chapters (00:00) - TAP 489 (02:24) - Blackor AI Tax Summit (03:14) - AI Agents Disrupt Tax (07:16) - Billable Hour Pressure (09:00) - Advisory Future Forecast (10:14) - Intuit Stock Shock (12:29) - TurboTax vs Tax Pros (17:31) - Intuit Layoffs Strategy (20:04) - Trump IRS Settlement (24:59) - PCAOB SEC Shakeup (27:33) - OnPay Payroll Pitch (28:42) - IRS Mystery Payments (30:48) - Busy Season Burnout (33:35) - California SaaS Tax Plan (34:54) - Big Four AI Hallucinations (36:48) - Are Consultants Replaceable (40:03) - AI Job Loss Chart (43:50) - Maxima Close Automation (45:12) - Musk Tax Return Training (46:03) - SpaceX IPO Breakdown (50:11) - CPE and Listener Q&A (52:51) - Wrap Up and Shoutouts Show Notes Intuit Lays Off 3,000 Employees Amid AI Push https://officechai.com/ai/intuit-lays-off-3000-employees-amid-ai-push/ U.S. Government Agrees to Drop Tax Claims Against Trump in Broadening of IRS Settlement https://www.npr.org/2026/05/19/g-s1-122938/irs-trump-settlement-tax-returns-audit DOJ Settlement 'Forever' Bars IRS Trump Audits, Sparks Backlash https://tax.thomsonreuters.com/news/doj-settlement-forever-bars-irs-trump-audits-sparks-backlash/ U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says https://www.securitiesdocket.com/2026/05/08/u-s-audit-watchdog-should-rescind-its-independence-rules-sec-official-says-wsj/ The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement https://www.kslaw.com/news-and-insights/the-secs-new-sox-group-potential-impacts-for-audit-firms-their-professionals-and-future-pcaob-enforcement IRS to Develop System to Track Missing Payments, TIGTA Says https://www.thetaxadviser.com/news/2026/may/irs-to-develop-system-to-track-missing-payments-tigta-says/ 78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life https://www.cpapracticeadvisor.com/2026/05/26/78-of-tax-pros-say-that-tax-season-negatively-impacts-personal-professional-life/183912/ California Proposes Tax on All Digital Software Sales https://www.techtimes.com/articles/316734/20260516/californias-725-saas-tax-would-hit-every-business-running-microsoft-salesforce-workday.htm EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations https://www.goingconcern.com/ey-gets-busted-and-yeets-cybersecurity-report-littered-with-ai-hallucinations/ Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraud https://gptzero.me/investigations/ey Is AI Putting Graduates Out of Work Already? https://www.economist.com/finance-and-economics/2025/03/27/is-ai-putting-graduates-out-of-work-already Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok https://www.bloomberg.com/news/articles/2026-05-18/musk-s-xai-promised-staff-420-for-their-tax-returns-hasn-t-paid SpaceX Files for IPO https://spacenews.com/spacex-files-for-ipo/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser:
May 26 · 56 min
Is GAAP Inflating the AI Bubble?
Is AI really the next Google—or are investors repeating the last tech bubble? Blake and David dig into OpenAI’s legal win, the accounting mechanics behind soaring AI valuations, and why cloud credits and paper gains may be inflating the market. They also explore what could make AI tools actually sticky for businesses, from workflow automation to personal finance and small-business use cases, and what all of this means for accountants. Sponsors Digits - http://accountingpodcast.promo/digits R.E. Cost Seg - http://accountingpodcast.promo/recostseg OnPay - http://accountingpodcast.promo/onpay Maxima.AI - http://accountingpodcast.promo/maxima Chapters (00:00) - TAP 488 (00:22) - Cash Flow Forecast Debate (00:29) - Road Show Updates (00:56) - Conference Rebrand News (01:31) - Nasdaq AI Summit Preview (04:29) - Livestream Check In (05:14) - Musk vs OpenAI Ruling (07:25) - AI Bubble Warning Signs (10:47) - Roundtrip Accounting Explained (15:38) - Paper Profits Hit Big Tech (18:28) - Do AI Giants Have Moats (27:15) - ChatGPT Personal Finance Push (30:54) - Agentic App Platforms (31:44) - Query Volume As Moat (33:00) - Claude Small Business Suite (35:20) - Cash Flow Forecast Debate (37:02) - AI Tax Workbook Example (41:03) - Personal Finance Is A Hobby (44:14) - Synthetic And Bench Lessons (47:16) - Why GLs Still Matter (50:43) - Klarna Rehires Humans (52:45) - Token Prices Will Rise (54:07) - Wrap Up And Next Time Show Notes Jury Dismisses Elon Musk's Lawsuit Against OpenAI Over Statute of Limitations https://www.technologyreview.com/2026/05/18/1137488/elon-musk-suit-openai-verdict/ OpenAI Closes $122 Billion Funding Round, Largest in Silicon Valley History https://siliconangle.com/2026/03/31/openai-just-closed-record-breaking-122b-funding-round-brings-value-852b/ Alphabet and Amazon Stakes in Anthropic Boost Profits by Billions https://www.bloomberg.com/news/articles/2025-10-31/alphabet-amazon-stakes-in-anthropic-boost-profit-by-billions Half of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropic https://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/ What Microsoft's 10-Q Says About OpenAI https://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/ OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts https://techcrunch.com/2026/05/15/openai-launches-chatgpt-for-personal-finance-will-let-you-connect-bank-accounts/ Introducing Claude for Small Business https://www.anthropic.com/news/claude-for-small-business Sasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Risk https://www.linkedin.com/in/sashaorloff Klarna Reverses Course on AI Customer Support, Resumes Human Hiring https://www.customerexperiencedive.com/news/klarna-reinvests-human-talent-customer-service-AI-chatbot/747586/ Khosla Ventures Is Betting $10M on Ian Crosby, Whose Last Startup Bench Imploded https://techcrunch.com/2026/05/14/khosla-ventures-is-betting-10m-on-ian-crosby-whose-last-startup-bench-imploded/ How Intuit Plans to Ride Out the 'SaaS-pocalypse' (CFO Brew Interview with CTO Alex Balazs) https://www.cfobrew.com/stories/2026/04/14/intuit-cto-alex-balazs-saas-pocalypse Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Flowglad - https://cal.com/team/flowglad/flowglad Want 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 liste...
May 18 · 1 hr 4 min
SEC Prepares for Semi-Annual Reporting & the True Cost of the Iran War
Could public companies stop reporting every quarter? Blake and David break down the SEC’s push toward optional semiannual reporting, OpenAI’s new consulting arm, and what both moves could mean for accountants. They also cover tariff refund accounting, audit lawsuits, AI outperforming doctors in diagnosis tests, and why accountants may be better positioned than ever to build software and solve higher-value problems. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay C&R Consulting - http://accountingpodcast.promo/cnr Fishbowl - http://accountingpodcast.promo/fishbowl Chapters (00:00) - TAP 487 (02:52) - Semiannual reporting shift (06:46) - OpenAI enters consulting (09:59) - True cost of Iran war (15:40) - Xero founder scandal (18:42) - Tariffs and refund accounting (24:51) - WNBA millionaire tax myth (28:18) - NYC pied a terre tax (31:42) - Education loans and accounting (34:58) - Chat Prompts Cyber Accounting (36:15) - PwC Audit Scandal Lawsuit (38:17) - BDO First Brands Fallout (40:50) - PCAOB QC Rule Debate (44:34) - RSM Layoffs Audit Demand (46:54) - AI Beats ER Doctors (49:18) - Chegg Disrupted By AI (51:13) - Rethinking Education Model (53:17) - Accountants As Vibe Coders (56:55) - Build Accounting In Excel (01:01:44) - Wrap Up CPE And Travel Show Notes SEC, FASB Prepare for Semi-Annual Reporting Option https://www.accountingtoday.com/news/sec-fasb-prepare-for-semi-annual-reporting-option OpenAI Launches the OpenAI Deployment Company to Help Businesses Build Around Intelligence https://openai.com/index/openai-launches-the-deployment-company/ Opinion | The Iran War Will Cost Trillions https://www.nytimes.com/2026/05/08/opinion/hegseth-war-cost.html Global Economic Conditions Survey: Q1 2026 https://www.accaglobal.com/us/en/professional-insights/global-economics/gecs-q1-2026.html Xero Founder Sir Rod Drury Returns New Zealander of the Year Award Amid Misconduct Claims https://www.rnz.co.nz/news/business/594669/xero-founder-sir-rod-drury-returns-new-zealander-of-the-year-award-amid-misconduct-claims Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies https://news.bloombergtax.com/financial-accounting/refunds-on-trump-tariffs-pose-accounting-dilemmas-for-companies WNBA Star Kelsey Plum Shows Embarrassing Lack of Tax Knowledge https://thespun.com/wnba/wnba-star-kelsey-plum-shows-embarrassing-lack-of-tax-knowledge Column: WNBA Star Kelsey Plum Is Taking Heat for Getting California Tax Law Wrong. But Don't Blame Her https://www.cpapracticeadvisor.com/2026/05/06/column-wnba-star-kelsey-plum-is-taking-heat-for-getting-california-tax-law-wrong-but-dont-blame-her/182897/ New York's Pied-a-Terre Tax Sets Up Legal Fight Over Values https://www.cnbc.com/2026/04/24/new-york-pied-a-terre-tax.html Education Dept. Rejects Accounting as Professional Degree https://www.accountingtoday.com/news/education-dept-rejects-accounting-as-professional-degree Corporate Travel's Accounting Shock: What It Means for PwC and the Wider Industry https://www.corporatekeysaustralia.com.au/accommodation/news/corporate-travels-accounting-shock-what-it-means-for-pwc-and-the-wider-industry First Brands Creditor Sues Auditor BDO Over Missed Red Flags https://news.bloombergtax.com/financial-accounting/first-brands-creditor-sues-auditor-bdo-over-missed-red-flags Layoff Watch '26: RSM Trims Down in Audit https://www.goingconcern.com/layoff-watch-26-rsm-trims-down-in-audit/ AI Is Starting to Beat Doctors at Making Correct Diagnoses https://www.science.org/content/article/ai-starting-beat-doctors-making-correct-diagnoses Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow https://www.barchart.com/story/news/1744436/chegg-was-dying-way-before-chatgpt-chatbots-just-dealt-the-fatal-blow Anthropic's Boris Cherny: Why Coding Is Solved, and What Comes Next https://www.youtube.com/watch?v=SlGRN8jh2RI Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website -
May 7 · 1 hr 4 min
An AI-Powered Firm of One, KPMG Shuts Down Fed Audits
Sponsors OnPay - http://accountingpodcast.promo/onpay R.E. Cost Seg - http://accountingpodcast.promo/recostseg C&R Consulting - http://accountingpodcast.promo/cnr Fishbowl - http://accountingpodcast.promo/fishbowl Chapters (00:00) - TAP 486 (02:25) - Firm of One AI Tax (04:39) - Automating Firm Ops (09:35) - Claude Connectors Tested (17:45) - Sage Buys Doyen AI (19:48) - AI Efficiency Paradox (22:06) - Vibe Coding for CAS (26:06) - KPMG Federal Audit Exit (29:02) - Tariff Refund Lawsuits (31:15) - Tariffs and Job Losses (33:01) - IRS Lawsuit Snag (33:28) - Hearing Conflict Question (33:49) - Nonprofit Form 990 Shakeup (37:30) - Autofill Tax Return Bill (38:54) - IRS Whistleblower Boost (40:38) - Fed Nominee And Rates (42:39) - Jobs Data Doesn’t Add Up (44:28) - Intuit Hiring And Benefits (47:26) - Canopy AI Coworker Agents (52:34) - AI Meeting Notes To Tasks (54:58) - Procrastination Pays In AI (58:42) - Wrap Up CPE And Events Show Notes The 2026 Best Accounting Firms for Technology https://www.accountingtoday.com/list/the-2026-best-accounting-firms-for-technology AI Can Boost Productivity, but Who Sustains the Customer Economy? https://www.accountingtoday.com/opinion/ai-can-boost-productivity-but-who-sustains-the-customer-economy Sage Acquires Doyen AI to Help SMBs Migrate and Go Live Faster with AI https://www.sage.com/en-us/news/press-releases/2026/04/sage-acquires-doyen-ai-to-help-smbs-migrate-and-go-live-faster-with-ai/ KPMG Closes U.S. Federal Audit Practice, Trims Advisory Staff https://www.accountingtoday.com/news/kpmg-closes-u-s-federal-audit-practice-trims-advisory-staff Gamers Sue Nintendo Over Tariff Refunds https://www.gamefile.news/p/gamers-sue-nintendo-over-tariff-refunds No, Tariffs Are Not Strengthening the Economy https://fortune.com/2026/04/29/tariffs-not-strengthening-economy-trump-trade-war-data/ Trump's $10 Billion IRS Suit Hits Snag with Skeptical Judge https://www.cpapracticeadvisor.com/2026/04/27/trumps-10-billion-irs-suit-hits-snag-with-skeptical-judge/182256/ IRS to Revamp Form 990 to Require More Info from Charities https://www.accountingtoday.com/news/irs-to-revamp-form-990-to-require-more-info-from-charities Congressman Introduces Bill to Autofill Tax Forms https://www.accountingtoday.com/news/congressman-introduces-bill-to-autofill-tax-forms House Passes IRS Whistleblower Program Improvement Act https://www.accountingtoday.com/news/house-passes-irs-whistleblower-improvement-act Accountant Job Outlook & Demand Report 2026 https://www.intuit.com/blog/innovative-thinking/accountant-job-outlook-demand-report/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Flowglad - https://cal.com/team/flowglad/flowglad Want 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/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
May 2 · 50 min
KPMG Lays Off 10% Audit Partners, Best AI Still Fails 1/5 Accounting Tasks
What does it mean when Big Four partners can be demoted—and AI still gets 1 in 5 accounting tasks wrong? Blake and David unpack KPMG’s audit partner cuts, EY and KPMG’s quiet partner demotions in the UK, PwC’s return-to-office push, and why firms like Decimal are rethinking tech-driven bookkeeping. They also debate AI’s limits in accounting, explore the future of CPE after a surprising Nasba warning, and explain what these shifts mean for accountants building their careers. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay Fishbowl - http://accountingpodcast.promo/fishbowl Chapters (00:00) - TAP 485 (01:47) - Bookkeeping Market Shakeup (02:38) - Decimal Pivots to Franchising (05:31) - AI Accuracy Reality Check (07:57) - Inventory Counts Still Human (10:28) - H&R Block Goes Year Round (11:55) - AI CEO Experiments and Limits (16:34) - Earmark Sponsor and NASBA Letter (21:37) - Context and CPE Reform Debate (26:11) - CPE Checkbox Culture (28:11) - Fixing CPE With AI (32:07) - Live Chat and Teams CPE (34:37) - Sponsor OnPay Break (35:51) - Big Four Partner Cuts (41:27) - AI Predicts Misstatements (43:31) - Sponsor Fishbowl Break (44:55) - Where Accountants Are Missing (48:39) - 150 Hour Rule Changes (49:19) - Wrap Up and Thanks Show Notes The Best AI Model Still Fails 1 in 5 Accounting Tasks https://www.cfo.com/news/the-best-ai-model-still-fails-1-in-5-accounting-tasks-Claude-Opus-OpenAI-GPT/818100/ DualEntry AI Accounting Benchmark (Claude Opus 4.7 Results) https://www.dualentry.com/blog/claude-opus-4-7-accounting-ai-benchmark-results The Least Glamorous Side of Accounting That Still Can't Be Automated https://controllerscouncil.org/the-least-glamorous-side-of-accounting-that-still-cant-be-automated/ Decimal Sells Its Accounting Firm to Franchise the Operating System Behind It https://www.prnewswire.com/news-releases/decimal-sells-its-accounting-firm-to-franchise-the-operating-system-behind-it-302753690.html Collective Acquires Open Ledger to Accelerate All-in-One Financial Solution for Solopreneurs https://www.axios.com/pro/fintech-deals/2026/04/22/collective-open-ledger-acquisition H&R Block Wants to Be More Than a Tax Company https://fortune.com/article/hr-block-tax-year-round-financial-adviser-fintech-innovation/ An AI Agent Takes Over a Store and Orders Too Many Candles https://www.bloomberg.com/news/articles/2026-04-23/an-ai-agent-takes-over-a-store-and-orders-too-many-candles-mobwrfw2 Customers Bank CEO Uses AI Clone on Earnings Call, Signs OpenAI Deal https://www.cnbc.com/2026/04/27/openai-partners-with-customers-bank-in-push-to-automate-finance.html KPMG Lays Off 10% of US Audit Partners https://www.accountingtoday.com/news/kpmg-lays-off-10-of-us-audit-partners KPMG and EY Demote Partners in End of Job-for-Life Model in UK https://www.irishtimes.com/business/work/2026/04/24/kpmg-and-ey-demote-partners-in-end-of-job-for-life-model-in-uk/ PwC Tells Remote Tax Staff to Get Their Butts Into the Office https://www.goingconcern.com/pwc-tells-remote-tax-staff-to-get-their-butts-into-the-office/ PwC Pays $166 Million to Settle HK Evergrande Audit Probe https://www.bloomberg.com/news/articles/2026-04-23/pwc-agrees-to-pay-166-million-to-close-evergrande-probe-in-hk Predicting Material Misstatements Using Machine Learning (Phys.org summary) https://phys.org/news/2026-predicting-material-misstatements-machine-learning.html Is Your State Running Low on Accountants? (Sam's List Accountant Shortage Index) https://www.cpapracticeadvisor.com/2026/04/21/is-your-state-running-out-of-accountants/181991/ Kentucky Passes CPA Licensure Modernization Bill https://www.accountingtoday.com/news/kentucky-passes-cpa-pathway-bill Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts:
April 24 · 54 min
Firms Need New Metrics, Accountants Worried About Iran
Can the accounting profession grow with fewer people? Blake Oliver and David Leary unpack how AI is reshaping firms, from PwC Australia’s staffing cuts and rising partner pay to new questions about performance metrics, CPA pathways, and the future of CAS. They also cover the IRS’s tax season recap, tariff refunds, Deloitte’s fake AI citations, and why firms need better ways to measure value in an AI-driven world. Sponsors Digits - http://accountingpodcast.promo/digits Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay Wurthy - http://accountingpodcast.promo/wurthy Chapters (00:00) - Show kickoff and tax season (01:05) - Sponsor Digits AI bookkeeping (02:45) - IRS CEO tax season recap (06:18) - Direct File and enforcement debate (07:54) - Tariff refund portal CAPE (09:54) - IRS CI pulled to ICE then back (11:49) - CAS growth engine for firms (15:12) - New firm metrics beyond hours (24:02) - AI ROI metrics survey (25:30) - Sponsor Cloud Staffing and OnPay (29:45) - Rethinking Course Requirements (31:44) - States Drop 150 Hours (33:16) - Experience Sign Off Hurdles (33:59) - Geopolitical Risk Survey (35:25) - Deloitte Fake Citations (38:46) - Big Four Cuts and Pay (41:51) - Worthy Sponsor Break (43:23) - ARR Metric Trouble (48:37) - Shorter Contracts Shift (49:49) - Ilhan Omar Filing Error (53:18) - Wrap Up and Free CPE Show Notes IRS CEO Touts Successful Tax Season Despite Cutbacks https://www.accountingtoday.com/news/irs-ceo-touts-successful-tax-season-despite-cutbacks The CAPE Tariff Refund System Is Here — Are You Ready? https://globaltrainingcenter.com/the-cape-tariff-refund-system-is-here-is-your-global-trade-team-ready/ IRS Shakes Up Leadership Ahead of Tax Season https://www.accountingtoday.com/news/irs-shakes-up-leadership-ahead-of-tax-season Looking to Grow Like a Top 100 Firm? Try CAS https://www.accountingtoday.com/news/looking-to-grow-like-a-top-100-firm-try-cas Accounting Firms Need New Metrics for an Old Model https://www.accountingtoday.com/opinion/accounting-firms-need-new-metrics-for-an-old-model Only 18% of Organizations Track AI ROI https://www.accountingtoday.com/news/only-18-of-organizations-track-ai-roi CPA Licensing Laws Are Constraining Accounting Firms in the AI Era https://news.bloombergtax.com/tax-insights-and-commentary/accounting-firms-schools-must-craft-next-generations-future Maryland Approves CPA Licensure Pathways Bill https://www.accountingtoday.com/news/maryland-approves-cpa-licensure-pathways-bill Nevada Implements CPA Licensure Changes https://www.accountingtoday.com/news/nevada-implements-cpa-licensure-changes Accountants Worried About War in Iran https://www.accountingtoday.com/news/accountants-worried-about-war-in-iran Accounting Watchdog to Investigate Deloitte Over Fake Citations in $1.6M Healthcare Report https://theindependent.ca/news/lji/accounting-watchdog-to-investigate-deloitte-over-fake-citations-in-1-6-million-healthcare-report/ PwC Australia Profit Drops, But Fewer Partners Split the Pot https://news.bloombergtax.com/daily-tax-report-international/pwc-australia-profit-drops-but-fewer-partners-split-the-pot Deloitte US to Cut Benefits for Segment of Employees Amid Job Architecture Reshuffle https://www.hr-brew.com/stories/2026/04/20/deloitte-us-to-cut-benefits-for-segment-of-employees-amid-job-architecture-reshuffle What Is ARR? Behind the Least-Trusted Metric of the AI Era https://www.bloomberg.com/news/articles/2026-04-07/what-is-arr-behind-the-least-trusted-metric-of-the-ai-era AI Tools Are Upending Typical Software Contracts https://www.bloomberg.com/news/newsletters/2026-03-25/ai-tools-are-upending-typical-software-contracts Rep. Ilhan Omar Cites Accounting Error in $30 Million Financial Disclosure https://www.washingtontimes.com/news/2026/apr/18/rep-ilhan-omar-cites-accounting-error-30-million-financial-disclosure/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info?
April 20 · 47 min
When Tax Day Was Party Night at the Post Office
What happens when AI starts doing the audit work itself? Blake and David dig into KPMG’s prediction that routine audit testing could soon happen with almost no human auditors directly involved. They also cover the IRS’s unfinished AI projects, the end of Direct File, new tax-on-tips rules, and why firms investing more in marketing are growing faster. Press play to hear what these shifts could mean for accountants, firms, and clients. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay Wurthy - http://accountingpodcast.promo/wurthy Chapters (00:00) - Audits Without Humans (00:22) - Tax Day Show Kickoff (02:30) - When Tax Day Hit Post Office (04:34) - E Filing Ends The Party (05:23) - This Week Top Stories (05:58) - Warehouse Fire Accounting Impact (08:52) - Compliance Time Cost (11:04) - No Tax On Tips Rules (13:44) - IRS AI Projects Stall (14:43) - Direct File Cost Debate (17:30) - Xero Os Buzzword Critique (20:32) - Can Ai Replace QuickBooks (21:23) - Reddit Claude Accounting System (22:45) - Firms Lose Stack Control (23:27) - AI Makes More Cleanup (23:58) - Tidwell Spreadsheet Accounting (25:13) - Tax Preparer Fraud Cases (27:17) - Big Four Audit Automation (30:58) - EY Office Mandate and Careers (34:01) - Firm Growth Marketing and AI (36:19) - Audit Lawsuits and Penalties (40:19) - Juno AI Tax Prep Funding (42:27) - Workers Skipping AI Review (44:36) - Agentic Frameworks and Omni (47:19) - Wrap Up and Free CPE Show Notes How Tax Day Turned Into Party Night at the Post Office https://www.history.com/articles/tax-day-parties Americans to Spend 11.6 Billion Hours Completing Federal Compliance Forms https://www.cpapracticeadvisor.com/2026/03/16/americans-to-spend-11-6-billion-hours-completing-federal-compliance-forms/179866/ IRS Publishes List of Jobs That Qualify for 'No Tax on Tips' Provision https://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.html IRS AI Projects Fall by the Wayside Due to Staff Cuts https://www.accountingtoday.com/news/irs-ai-projects-fall-by-the-wayside-due-to-staff-cuts IRS Inflated Direct File Costs by $45 Million in 2025 https://www.cpapracticeadvisor.com/2026/03/25/irs-inflated-direct-file-costs-by-45-million-in-2025/180237/ Xero OS: Your Operating System for the Future of Autonomous Finance https://blog.xero.com/news-events/xero-os-ai-native-operating-system/ Tidwell — MCP Accounting Server (Reddit reference) https://www.tidwell.com Warehouse Worker Charged in $500M Arson Attack at Kimberly-Clark Distribution Center https://abc7.com/post/employee-arrested-arson-kimberly-clark-distribition-center-destroyed-massive-fire-ontario/18851549/ New Jersey Tax Preparer Sentenced in Largest COVID-19 Tax Relief Fraud Case https://www.justice.gov/usao-nj/pr/new-jersey-man-sentenced-prison-largest-covid-19-tax-relief-fraud-scheme-country Pennsylvania Tax Preparer Jessica Cordero Faces Federal Charges in New Fraud Scheme https://www.justice.gov/usao-edpa/pr/allentown-woman-and-two-others-charged-federal-court-wire-fraud-and-aggravated-identity In This Critical Part of Audits, the Accountant's Role Is Shrinking Fast https://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5 KPMG Plans to Cut Up to 440 Audit Jobs in UK https://www.bloomberg.com/news/articles/2026-03-27/kpmg-set-to-shed-hundreds-of-auditors-as-attrition-remains-low EY Requiring U.S. Tax Staff to Work In-Person 12 Days a Month https://www.accountingtoday.com/news/ey-requiring-us-tax-staff-to-work-in-person-12-days-a-month AI Is Changing How EY Recruits, Develops and Promotes Employees https://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026 High-Growth Accounting Firms Spend Twice as Much on Marketing https://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecast Evergrande Liquidators and PwC Head to Court https://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-court Ontario Securities Commission Accuses KPMG of Botching Audits for Bridging Finance https://www.accountingtoday.com/news/ontario-securities-commission-accuses-kpmg-of-botching-audits-for-bridging-finance Juno Raises $12M Seed to Scale AI Tax Preparation Platform https://www.cpapracticeadvisor.com/2026/04/13/juno-raises-12m-seed-to-scale-ai-tax-preparation-platform-that-automates-90-of-busy-work/181502/ AI Slop Survey: A Third of Workers Rarely Check AI Output Before Using It https://www.cpapracticeadvisor.com/2026/04/08/ai-slop-survey-a-third-of-workers-rarely-check-ai-output-before-using-it/181191/ Agentic AI Frameworks and Artifact's Omni Platform Launch https://www.artifact.build Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast:
April 13 · 1 hr 3 min
Perplexity Goes After Tax Prep, IRS Testing Palantir for Audits
What happens when AI starts doing more than answering questions? Blake and David dig into Perplexity’s move into tax prep and bookkeeping, the IRS testing Palantir to help select audit targets, and why many firms still aren’t seeing real ROI from AI. They also unpack the surprising success of Trump accounts and what all of this could mean for accountants, firm workflows, and the future of the profession. Sponsors OnPay - http://accountingpodcast.promo/onpay Cloud Accountant Staffing - http://accountingpodcast.promo/cas REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Wurthy - http://accountingpodcast.promo/wurthy Chapters (00:00) - TAP 482 (02:37) - Trump Accounts Boom (07:22) - CPE With Earmark (08:38) - Perplexity Targets Taxes (12:32) - AI Agents And Moats (23:43) - Claude Cowork Bookkeeping (30:25) - Digits Outcome Pricing (30:58) - Digits Pay For Performance (31:25) - Zero Touch Guarantee (31:56) - Pricing Power Debate (32:20) - Switching GL Friction (33:11) - Reframe Conference Sponsor (34:26) - AI Security Banter (35:14) - IRS Palantir Snap Audits (39:09) - AI ROI Wrong Math (44:27) - Find The Bottleneck (46:14) - Automate Client Intake (48:02) - Claude PBC Workflow (54:40) - Weekly Close Discipline (56:13) - DHS Tax Extension Story (57:48) - Mentoring And Webinars (59:15) - Future Firm Tech Stack (01:01:45) - Wrap Up And CPE Show Notes 4 Million Children Have Been Signed Up for Trump Accounts with 1 Million Claiming the $1,000 Pilot Program Contribution https://www.irs.gov/newsroom/4-million-children-have-been-signed-up-for-trump-accounts-with-1-million-claiming-the-1000-pilot-program-contribution Introducing Computer for Taxes https://www.perplexity.ai/hub/blog/introducing-computer-for-taxes The IRS Wants Smarter Audits. Palantir Could Help Decide Who Gets Flagged https://dnyuz.com/2026/03/30/the-irs-wants-smarter-audits-palantir-could-help-decide-who-gets-flagged/ Digits Announces Outcome-Based Pricing https://www.accountingtoday.com/news/digits-announces-outcome-based-pricing Your AI Business Case Is Built on the Wrong Math https://www.cfo.com/news/your-ai-business-case-is-built-on-the-wrong-math-throughput-accounting-productivity/816014/ Treasury and IRS Announce Tax Filing Relief to DHS Personnel https://home.treasury.gov/news/press-releases/sb0431 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Want 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/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
April 1 · 1 hr 4 min
Treasury Declares US Insolvent, AI Does Taxes (with Kenji Kuramoto)
Can AI really prepare a tax return without a human touching the keyboard? Blake and David dig into a wave of new accounting tools that promise exactly that, from AI tax prep and bookkeeping agents to month-end automation. They’re joined by Kenji Kuramoto of Basis to discuss what this means for firms, pricing, and jobs. Plus: the U.S. government’s worsening balance sheet, Tether’s long-awaited audit, and why token costs may become accounting’s next big metric. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay UNC - http://accountingpodcast.promo/unc Chapters (00:00) - TAP 481 (02:34) - US Insolvency Breakdown (06:04) - Household Budget Analogy (07:49) - GAO Disclaimer Explained (08:37) - AI Tax Prep Agents (11:45) - Kenji Joins the Show (15:07) - Kenji New Role at Basis (19:40) - Basis Agents for CAS (25:36) - AI Skills and Pricing Shift (28:04) - Token Billing and FinOps (33:55) - Tokens Not Timesheets (34:17) - Delve Compliance Fallout (36:18) - Xero Adds Claude AI (38:16) - Who Really Owns Data (41:06) - Ramp Accounting Agent (45:19) - Ramp Budgets Reality Check (48:27) - Canopy Bookkeeping Module (53:11) - Billcom Agents Soapbox (55:09) - Audit Tech Fundraising (56:37) - Tether Finally Gets Audited (59:52) - Costco Tariff Refund Lawsuit (01:02:16) - Wrap Up And CPE Show Notes The Treasury just declared the U.S. insolvent. The media missed it. https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/ TaxGPT AI agent aims to complete the whole tax return https://www.accountingtoday.com/news/taxgpt-touts-ai-that-automatically-completes-returns-from-start-to-finish As Tax Deadline Approaches, Consumers Are Going to AI Before Filing https://www.pymnts.com/taxes/2026/as-tax-deadline-approaches-consumers-are-going-to-ai-before-filing/ AI Efficiency Gains Push Accounting Firms to Reimagine Pricing https://news.bloomberglaw.com/ip-law/ai-efficiency-gains-push-accounting-firms-to-reimagine-pricing Accounting Jobs Requiring AI Skills Jump 67% https://www.accountingtoday.com/news/accounting-jobs-requiring-ai-skills-jump-67 Xero and Anthropic Collaborate to Bring AI-Powered Financial Intelligence to Millions of Small Businesses https://www.businesswire.com/news/home/20260326956055/en/Xero-and-Anthropic-Collaborate-to-Bring-AI-Powered-Financial-Intelligence-to-Millions-of-Small-Businesses Ramp Launches Accounting Agent to Automate Bookkeeping with Real-Time Close https://www.prnewswire.com/news-releases/ramp-launches-accounting-agent-to-automate-bookkeeping-with-real-time-close-302686214.html Ramp Launches Ramp Budgets https://www.prnewswire.com/news-releases/ramp-launches-ramp-budgets-302667840.html Canopy Unveils Canopy Bookkeeping to Eliminate Month-End Friction for Accounting and CAS Teams https://www.morningstar.com/news/business-wire/20260211348515/canopy-unveils-canopy-bookkeeping-to-eliminate-month-end-friction-for-accounting-and-cas-teams Canopy Expands Tax Workflow With AI-Powered Tax Preparation Through New Filed Integration https://www.getcanopy.com/blog/canopy-expands-tax-workflow-with-ai-powered-tax-preparation-through-new-filed-integration Double AI Journal Entries https://doublehq.com/ai-journal-entries/ Tech News: Ramp, Canopy Both Announce AI-Powered Bookkeeping Solutions (includes Bill.com AI agents coverage) https://www.accountingtoday.com/list/tech-news-ramp-canopy-both-announce-ai-powered-bookkeeping-solutions Exclusive: Founded By 2 Brothers In Their 20s, YC-Backed Denki Raises $4.1M To Automate Financial Audits https://news.crunchbase.com/venture/yc-backed-denki-raise-financial-audit-automation-ai/ Tether Taps Big Four Firm KPMG for First Financial Audit of $184 Billion Stablecoin Issuer https://www.theblock.co/post/395423/tether-taps-kpmg-for-first-financial-audit Americans Are Demanding Refunds from the $180 Billion in Tariffs They Paid, Including Suing Companies Like Costco https://fortune.com/2026/03/13/americans-demanding-tariff-refunds-suing-costco-fedex/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details,
March 26 · 1 hr 2 min
Fake SOC 2 Reports as a Service & Games for Busy Season
Can AI really handle accounting and tax work—or is it just creating new ways to fake compliance? Blake and David dig into allegations of fraudulent SOC 2 reports, how taxpayers are actually using AI for tax prep, and why tools like Claude are creeping into finance workflows. They also cover FAA staffing risks, threats to state accountancy boards, and what listeners should watch as AI reshapes trust in the profession. Sponsors Digits - http://accountingpodcast.promo/digits Cloud Accountant Staffing - http://accountingpodcast.promo/cas OnPay - http://accountingpodcast.promo/onpay UNC - http://accountingpodcast.promo/unc Chapters (00:00) - TAP 480 (01:28) - Sponsor Digits Overview (02:54) - LaGuardia Crash Breakdown (05:36) - Shutdown Staffing Fallout (07:58) - Livestream and CPE Plug (08:49) - Delve SOC 2 Allegations (15:57) - How Fake Audits Happen (20:49) - Sponsor Cloud Staffing (22:00) - Is Anyone Using AI (24:02) - AI for Tax Prep Examples (35:14) - AI Tax Advice Limits (36:04) - Tech Creates More Cleanup (36:41) - OnPay Payroll Sponsor (37:53) - Games To Beat Busy Season (40:42) - Florida Board Threat Averted (44:02) - UNC MAcc Sponsor (45:20) - Guess The Finance App (46:47) - Claude Targets Finance Workflows (50:29) - Will AI Replace The GL (55:07) - Women Partners Progress (01:00:50) - Wrap Up And CPE Show Notes Air Traffic Audio Appears to Show Tower Was Dealing With Incident Before Crash (New York Times via DNYUZ) https://dnyuz.com/2026/03/23/air-traffic-audio-appears-to-show-tower-was-dealing-with-incident-before-crash/ Delve — Fake Compliance as a Service — Part I (DeepDelver on Substack) https://deepdelver.substack.com/p/delve-fake-compliance-as-a-service Delve Accused of Misleading Customers with 'Fake Compliance' (TechCrunch) https://techcrunch.com/2026/03/22/delve-accused-of-misleading-customers-with-fake-compliance/ What 81,000 People Want from AI (Anthropic) https://www.anthropic.com/research/what-people-want-from-ai WSJ Readers Share How They Are Using AI for Tax Prep (Wall Street Journal via TaxProf Blog) https://taxprofblog.aals.org/2026/03/09/wsj-readers-share-how-they-are-using-ai-for-tax-prep/ 10 Fun Games to Play at Work and Their Impact on Productivity (Small Business Trends) https://smallbiztrends.com/games-to-play-at-work/ FICPA Legislative Update: End of 2026 Session — HB 607 Did Not Advance (Florida Institute of CPAs) https://www.ficpa.org/news/1cee5313-ce07-47f2-841f-48a95344f6f5:legislative-update-end-of-session-still-pending Claude for Financial Services (Anthropic) https://www.anthropic.com/financial-services Glass Ceiling Shattered? Female Lead Engagement Partners in S&P 500 Audits (The CPA Journal) https://www.cpajournal.com/2026/03/13/glass-ceiling-shattered/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast Want 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/RunClassifiedAd Transcripts The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
March 26 · 59 min
Baby, Where The Hell Is My Audit?
Will AI actually take accountants’ jobs—or just change what their work looks like? Blake and David unpack the gap between AI hype and reality, from a LinkedIn challenge that found zero accountants replaced by AI to how firms like PwC and EY are shifting strategy. They also explore probabilistic audit opinions, AI agents in accounting workflows, and what professionals can do now to stay ahead. Sponsors OnPay - http://accountingpodcast.promo/onpay UNC - http://accountingpodcast.promo/unc Chapters (00:00) - TAP 479 (02:27) - Auditor Karaoke Protest (03:58) - Baby Where My Audit (07:14) - Reactions and Afroman (10:19) - Probabilistic Audit Opinions (14:57) - BDO Lawsuit and Liability (18:52) - Super Micro Fraud Signals (24:19) - Deterministic AI Checklists (30:16) - Checklist Driven AI Agents (31:28) - How LLMs Differ From Brains (33:00) - Puzzle Functions And Guardrails (36:06) - Prompting For Clarifying Questions (36:48) - UNC MAcc Sponsor Break (38:30) - PwC Goes AI First (41:46) - EY Bets On CPA Talent (43:27) - AI Exposure Index Reality Check (47:40) - Will Accounting Jobs Disappear (50:23) - Coan Paradox And Rising Standards (52:43) - AI As A Career Upskill (55:20) - Who Is Losing Work To AI (56:23) - Livestream Chat And Wrap Up Show Notes Massachusetts Auditor DiZoglio Performs "Baby Where the Hell Is My Audit" Parody https://www.bostonglobe.com/2025/04/16/metro/diana-dizoglio-auditor-legislature-audit-democrats/ Afroman Wins Defamation Lawsuit Filed by Ohio Police Officers https://www.cbsnews.com/news/afroman-wins-lawsuit-ohio-police-raid-music-videos/ Would You Take a Probabilistic Audit Opinion? https://www.accountingtoday.com/opinion/would-you-take-a-probabilistic-audit-opinion BDO Faces Investor Lawsuit That Could Impact Other Firms https://www.accountingtoday.com/news/bdo-faces-investor-lawsuit-that-could-impact-other-firms Super Micro Computer Co-Founder Charged With Smuggling Nvidia AI Chips to China https://www.cnn.com/2026/03/19/politics/super-micro-computer-founder-charged-ai-chips-china Puzzle Launches AI Close for Accountants https://puzzle.io/blog/puzzle-accounting-ai PwC CEO: You Cannot Opt Out of AI https://www.accountingtoday.com/news/pwc-ceo-you-cannot-opt-out-of-ai EY Doubles CPA Exam Bonus to $10K https://www.accountingtoday.com/news/ey-doubles-cpa-exam-bonus-to-10k Anthropic AI Labor Market Impacts Report https://www.anthropic.com/research/labor-market-impacts Microsoft AI Chief Gives It 18 Months for All White-Collar Work to Be Automated https://fortune.com/2026/02/13/when-will-ai-kill-white-collar-office-jobs-18-months-microsoft-mustafa-suleyman/ Only 14% of UK Finance Leaders See Traditional Accounting Skills as Valuable for Next Generation https://www.theglobalrecruiter.com/only-14-per-cent-of-finance-leaders-see-traditional-accounting-skills-as-valuable-for-next-generation/ Accounting and Tax Staff Worry AI Threatens Jobs https://www.accountingtoday.com/news/accounting-and-tax-employees-feel-ai-threatens-job-prospects AI's First Substitution: Freelancers (Ramp Economics Lab) https://ramp.com/velocity/ai-labor-market-impact-freelancers Record Number of Companies Are Ditching Old CEOs for Younger, Less Experienced Executives https://finance.yahoo.com/news/fired-record-number-companies-ditching-152914066.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com Get in Touch Thanks 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. Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus. Need Accounting Conference Info? Check out our new website - accountingconferences.com Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast ...

The Accounting Podcast

IRS Chief Spied on Colleagues & Out of Control AI

How Sam Leon Uses Claude Cowork to Prep Tax Returns 5x Faster

How Much Will World Cup Players Pay in Taxes & Xero's New AI Agent Builder

Aussies Want to Break up Big Four & Trump Accounts Go Live on the 4th

Fake AI Receipt Fraud Soars & Big Firms Losing Power

KPMG Withdraws AI Report Full of "Vibe Citations"

AICPA Says By 2040 Compliance Will Be Automated

AI Beats Humans at Bookkeeping & Powers Finance Team of One

What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting

Intuit Stock Gets Hammered & Trump's Wild IRS Settlement

Is GAAP Inflating the AI Bubble?

SEC Prepares for Semi-Annual Reporting & the True Cost of the Iran War

An AI-Powered Firm of One, KPMG Shuts Down Fed Audits

KPMG Lays Off 10% Audit Partners, Best AI Still Fails 1/5 Accounting Tasks

Firms Need New Metrics, Accountants Worried About Iran

When Tax Day Was Party Night at the Post Office

Perplexity Goes After Tax Prep, IRS Testing Palantir for Audits

Treasury Declares US Insolvent, AI Does Taxes (with Kenji Kuramoto)

Fake SOC 2 Reports as a Service & Games for Busy Season

Baby, Where The Hell Is My Audit?