- 1 hour 9 minutesNVIDIA AI Funding Deal Has "Shades of Enron" & EY Speeds Audits 125%+
Is AI creating an audit boom—or hiding the next Enron-style risk? Blake and David unpack NVIDIA’s $500 billion data-center financing plan, why Michael Burry sees warning signs, and how AI is speeding up audits while challenging existing standards. They also cover improved PCAOB inspection results, the end of BOI reporting, Tether’s long-awaited audit, QuickBooks Live’s overhaul, and practical AI workflows small firms can use today.
Sponsors
Digits - http://accountingpodcast.promo/digits
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters- (00:00) - AI Biggest Audit Shift
- (01:35) - Headlines And Sponsors
- (02:20) - Digits AI Ledger
- (04:02) - Nvidia Deal Explained
- (06:31) - Enron Echoes And SPVs
- (09:46) - Bubble Risks And GAAP
- (12:31) - EY Audit Efficiency Claims
- (15:25) - PCAOB Reports Debate
- (17:40) - OnPay Payroll Sponsor
- (18:53) - FinCEN Ends BOI
- (19:52) - Audit AI Adoption Stats
- (21:08) - PCAOB Must Set AI Rules
- (25:52) - Quarterly Reporting Comments
- (29:17) - Tether Finally Audited
- (33:17) - Thomson Reuters Tax Automation
- (35:07) - Ancient Rome Tax Scam
- (38:45) - Why Tax Fraud Meant Death
- (39:18) - Clients Want AI Dashboards
- (39:45) - Small Firm AI Workflows
- (44:35) - Sponsor Cloud Staffing
- (45:49) - AI Raises Client Demands
- (46:27) - Audit Disruption Debate
- (48:35) - QuickBooks Live Rebrand
- (51:10) - Taiwan Receipt Lottery
- (54:40) - OnPay Benefits Upgrade
- (01:05:17) - Switch Payroll Midyear
- (01:09:19) - Wrap Up And CPE
Show Notes
'Shades of Enron': Michael Burry shorts Nvidia as its $500 billion chip-financing deal fuels a bubble
https://sg.finance.yahoo.com/news/nvidia-ai-push-echoes-enron-123355872.html
EY leverages AI for audit
https://www.accountingtoday.com/news/ey-leverages-ai-for-audit
In ancient Rome, tax fraud was punishable by death
https://www.popsci.com/science/tax-fraud-death-penalty-ancient-rome/
PCAOB inspection reports of largest audit firms show improvements
FinCEN ends beneficial ownership reporting
https://www.accountingtoday.com/news/fincen-ends-beneficial-ownership-reporting
Gartner Survey Finds Audit Teams' AI Use is Common, But Most Teams are Lacking Strategic Adoption and Application
It's Time for the US Audit Board to Set Corporate AI Standards
SEC quarterly earnings proposal draws flood of public complaints
Firms (and Some Guy Obsessed With China) Have Weighed in on the PCAOB Turning an Eye to AI
Tether says KPMG issued 'clean' opinion in first full audit of USDT issuer's financials
Real-life ways small firms use AI
https://www.journalofaccountancy.com/issues/2026/aug/real-life-ways-small-firms-use-ai/
QuickBooks Live is Dead, Long Live Intuit Experts
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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.
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19 August 2026, 4:00 pm - 1 hour 13 minutesPwC Cuts Disney & The Uncertain Career Path for CPAs
What does episode 500 reveal about where accounting is headed? Blake Oliver and David Leary celebrate the milestone with CFO.com’s Adam Zaki and Going Concern’s Adrienne Gonzalez. They unpack AI’s pressure on billable hours, shrinking entry-level pathways, the changing route to CFO, and PwC’s canceled Disney intern event. Plus, Blake shares what happened after NASBA challenged his CPE comments.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Canopy - http://accountingpodcast.promo/canopy
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters- (00:00) -
- (00:20) - Episode 500 Kickoff
- (02:59) - Origin Story Live Chat
- (07:22) - Billable Hour Fading
- (13:36) - AI Knowledge vs Data Risk
- (16:21) - PwC Intern Disney Cut
- (24:31) - Pyramid to Diamond Firms
- (34:29) - CFO Pathway Disrupted
- (37:25) - AI Without Apprenticeship
- (38:55) - Would You Work for AI
- (39:47) - CFO Pipeline Shrinking
- (41:11) - Skipping Entry Level
- (43:15) - Simulations vs Real Work
- (45:05) - Metaverse Training Fail
- (47:35) - Crypto Fraud Irony
- (49:10) - Listener Milestones
- (51:58) - Billable Hour Debate
- (01:01:21) - AI Auditing Future
- (01:02:33) - NASBA Speech Clash
- (01:11:48) - Wrap Up and Thanks
Show Notes
CrossCountry Consulting's new co-CEOs say billable hour is 'waning'
Diamonds May Be a Firm's Best Strategy: How AI Is Rewriting the Structure of Modern Practice
Teikametrics CFO Brian Beaupre says the career path he took is disappearing
The Age of Artificial Intelligence: Quinnipiac University Poll on AI
https://poll.qu.edu/poll-release?releaseid=3955
We Went to the Boot Camp Where KPMG Teaches Auditors to Think Critically
https://www.wsj.com/business/kpmg-summer-interns-auditing-ai-training-941ad5cc
In Case You Didn't Hear, PwC Interns Won't Be Swarming Disney World This Year
Bitquery CEO Faces $5M Theft Claim, 194 Records Deleted
https://www.analyticsinsight.net/news/bitquery-ceo-faces-5m-theft-claim-194-records-deleted
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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.
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
13 August 2026, 11:00 pm - 57 minutes 22 secondsGrant Thornton to Acquire CBIZ & Trump Puts Immunity Over Blanche
Could Grant Thornton’s $5 billion CBIZ deal create a Big Five? Blake and David unpack the private-equity-backed combination, what it means for accounting firm ownership, and why controller talent is still hard to find. They also examine AI’s effect on finance judgment—and why nearly half of Gen Z workers say it makes them less intelligent—plus tariff refunds, audit scrutiny, and rising software prices.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
OnPay - http://accountingpodcast.promo/onpay
Thomson Reuters - http://accountingpodcast.promo/taxautomation
Veltrix - http://accountingpodcast.promo/veltrix
Chapters- (00:00) - TAP 499
- (02:17) - Livestream and CPE Plug
- (03:12) - Grant Thornton Buys CBIZ
- (04:35) - Stock Spike and Activists
- (09:06) - PE Strategy and IPO Exit
- (11:09) - Deal Size vs Big Four
- (13:21) - Trump Immunity and Nominee
- (16:39) - EY Hack Claim Explained
- (18:56) - Trump Deal Appeal Update
- (21:37) - Controller Hiring Crunch
- (23:21) - Senior Pay Flattening
- (26:24) - Corporate Hiring Demand
- (27:59) - AI Boosts Finance Judgment
- (29:38) - Claude Transforms Forecasting
- (30:43) - Gen Z AI Dependency Fears
- (34:32) - Xero Price Hike Backlash
- (36:45) - Lovable Connector Moat
- (40:38) - Agents Use Existing SaaS
- (45:29) - Tariff Refund Windfall
- (48:20) - NYC Pied-a-Terre Tax
- (51:44) - PwC UK Audit Failures
- (55:03) - Wrap Up and Episode 500
Show Notes
Grant Thornton Advisors to acquire CBIZ in $5 billion transaction
Accounting Firm CBIZ Urged by Activist Investor to Pursue M&A
Trump floats pulling Blanche's AG nomination until after GOP holdouts leave office
https://www.cnbc.com/2026/07/30/trump-blanche-ag-doj-cornyn-tillis.html
Donald Trump's tax audit immunity remains in place as Blanche's path to confirmation is cleared
Ernst & Young data breach claimed by ShinyHunters extortion gang
2026 Corporate Finance & Accounting Talent Research Study
https://controllerscouncil.org/2026-corporate-finance-accounting-talent-research-study/
Accounting's missing middle
https://www.accountingtoday.com/news/accountings-missing-middle
A third of companies look to increase finance and accounting hires
AI's top value for finance now lies in improving judgment, not efficiency
https://finance.yahoo.com/technology/ai/articles/ai-top-value-finance-now-085159658.html
Nearly Half of Gen Z Workers Say AI is Making Them Less Intelligent
Xero Announces U.S. Subscription Price Changes
https://www.xero.com/us/pricing-plans/update/
Introducing the Lovable Xero connector: build on your Xero data, no code required
We Peaked at 30 AI Agents. Now We're Coming Back Down to 20
Amazon Got a $600 Million Tariff Refund, Some Going to Shoppers
https://www.cnbc.com/2026/07/30/amazon-trump-tariff-refunds.html
NYC Extends Deadline for Pied-à-Terre Tax Exemption Applications to Sept. 18
Staten Island Homeowners Say They Fear for Safety After Names, Addresses Published on NYC Tax List
PwC Fined $4.4 Million by UK Watchdog Over Babcock Audit Failures
https://www.globalbankingandfinance.com/uk-financial-watchdog-fines-pwc-4-4-million-over-babcock/
New York Governor Trolls LeBron James with Tax on Rumored NYC Home
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Subscribe to the Earmark Podcast: ...4 August 2026, 4:00 pm - 1 hour 1 minuteIRS 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
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
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
Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
Ramp Brings Stablecoin Accounts and Payments to All Customers
Ramp Launches AI Token Spend Controls
https://www.prnewswire.com/news-releases/ramp-launches-ai-token-spend-controls-302827389.html
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet 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.
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Check out our new website - accountingconferences.com
Limited edition shirts, stickers, and other necessities
31 July 2026, 4:00 pm - 1 hour 7 minutesHow 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
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
Research Suggests Jobs May be Safer at Companies that Embrace AI
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.comMeet 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
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Classifieds
REFRAME 2026 - http://accountingpodcast.promo/reframe2026
Flowglad - https://cal.com/team/flowglad/flowgladWant 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...
25 July 2026, 7:00 pm - 1 hour 2 minutesHow 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
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
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
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
Restarting the M&A Flywheel — CBIZ, Inc.
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
Despite return-to-office crackdowns, remote work is alive and well as the rate has barely changed over the last two years
AI bills are baffling the C-suite after shift to usage-based pricing
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Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @Dav...
17 July 2026, 7:30 pm - 58 minutes 28 secondsAussies 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
Australia weighs break-up of Big Four accounting firms after scandals
EY staffer fired after allegedly accessing Prime Minister's bank account
Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case
TIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identify
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
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
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/
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8 July 2026, 7:00 am - 56 minutes 50 secondsFake 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
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
The end of hourly billing Ignition's 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
Kinter.ai Launches Agentic AI Accountants to Automate The Financial Close
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
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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.
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6 July 2026, 1:00 am - 1 hour 5 secondsKPMG 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
Pentagon turns to AI in push for clean financial audit by 2028https://www.stripes.com/theaters/us/2026-06-11/pentagon-audit-ai-contract-21941885.html
Copilot Cowork is now generally available
Tax Prep Billing Rates Lift Busy Season 2026
State Farm overhauls agent contracts, mandates AI usehttps://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 billionairehttps://fortune.com/2026/06/13/spacex-cfo-bret-johnsen-overnight-billionaire-ipo/
SpaceX CFO Bret Johnsen joins billionaire ranks after $75B IPO: Trial Balance
Investors oppose semiannual reporting, says pollhttps://www.accountingtoday.com/news/investors-oppose-semiannual-reporting-says-poll
CFA Institute Investor Perspectives: Quarterly Reporting 2026
The Global Freelancer Pay Gap Reporthttps://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 staffhttps://www.cityam.com/kpmg-scraps-summer-early-friday-finish-for-staff/
Intuit hires Mother to humanize the QuickBooks maker's AI pitchhttps://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
IRS gave 47,000 taxpayers' addresses to ICEhttps://www.accountingtoday.com/news/irs-gave-47-000-taxpayers-addresses-to-ice
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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.
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26 June 2026, 12:30 am - 1 hour 8 minutesAICPA 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
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
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.
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
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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.
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Flowglad -18 June 2026, 10:00 pm - 1 hour 1 minuteAI 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
Ramp Launches Stack, an AI Operating System for Accounting Firms
Ramp Launches Fleet of AI Agents Across Its Procurement Platform
Ramp Raises $750 Million Series F at $44 Billion Valuationhttps://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html
Accounting Talent Shortage Surges — Accounting Todayhttps://www.accountingtoday.com/news/accounting-talent-shortage-surges
Ex-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automationhttps://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath
KPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Timeshttps://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 Insiderhttps://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html
Amazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxing
KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal
Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimonyhttps://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html
Bessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutinyhttps://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html
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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.
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