- 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
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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.
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OnPay - http://accountingpodcast.promo/onpay
The Value Builder System - http://accountingpodcast.promo/value
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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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10 June 2026, 5:00 pm - 1 hour 5 minutesWhat 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 AIhttps://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/
State Societies Merge to Form New England Society of CPAshttps://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
NASBA's 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 Happenhttps://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.html
Microsoft Cut Its Engineers Off from AI Because the Bill Got Too Bighttps://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 Lawsuithttps://www.notus.org/donald-trump/trump-irs-suit-investigate-collusion
Newsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fund
AICPA Backs Bill Limiting Beneficial Ownership Reportinghttps://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reporting
KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal
Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition CostsNeed CPE?
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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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5 June 2026, 11:00 pm - 53 minutes 47 secondsIntuit 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
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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 Backlashhttps://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
The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement
IRS to Develop System to Track Missing Payments, TIGTA Says
78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life
California Proposes Tax on All Digital Software Sales
EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations
Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraudhttps://gptzero.me/investigations/ey
Is AI Putting Graduates Out of Work Already?
Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok
SpaceX Files for IPOhttps://spacenews.com/spacex-files-for-ipo/
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29 May 2026, 9:00 pm - 56 minutes 18 secondsIs 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.
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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
Alphabet and Amazon Stakes in Anthropic Boost Profits by Billions
Half of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropichttps://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/
What Microsoft's 10-Q Says About OpenAIhttps://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/
OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts
Introducing Claude for Small Businesshttps://www.anthropic.com/news/claude-for-small-business
Sasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Riskhttps://www.linkedin.com/in/sashaorloff
Klarna Reverses Course on AI Customer Support, Resumes Human Hiring
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
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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 May 2026, 5:00 pm - 1 hour 4 minutesSEC 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.
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Cloud Accountant Staffing - http://accountingpodcast.promo/cas
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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 Trillionshttps://www.nytimes.com/2026/05/08/opinion/hegseth-war-cost.html
Global Economic Conditions Survey: Q1 2026https://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
Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies
WNBA Star Kelsey Plum Shows Embarrassing Lack of Tax Knowledgehttps://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
New York's Pied-a-Terre Tax Sets Up Legal Fight Over Valueshttps://www.cnbc.com/2026/04/24/new-york-pied-a-terre-tax.html
Education Dept. Rejects Accounting as Professional Degreehttps://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
First Brands Creditor Sues Auditor BDO Over Missed Red Flags
Layoff Watch '26: RSM Trims Down in Audithttps://www.goingconcern.com/layoff-watch-26-rsm-trims-down-in-audit/
AI Is Starting to Beat Doctors at Making Correct Diagnoseshttps://www.science.org/content/article/ai-starting-beat-doctors-making-correct-diagnoses
Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow
Anthropic's Boris Cherny: Why Coding Is Solved, and What Comes Nexthttps://www.youtube.com/watch?v=SlGRN8jh2RI
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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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18 May 2026, 3:00 pm - 1 hour 4 minutesAn 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?
Sage Acquires Doyen AI to Help SMBs Migrate and Go Live Faster with AI
KPMG Closes U.S. Federal Audit Practice, Trims Advisory Staffhttps://www.accountingtoday.com/news/kpmg-closes-u-s-federal-audit-practice-trims-advisory-staff
Gamers Sue Nintendo Over Tariff Refundshttps://www.gamefile.news/p/gamers-sue-nintendo-over-tariff-refunds
No, Tariffs Are Not Strengthening the Economyhttps://fortune.com/2026/04/29/tariffs-not-strengthening-economy-trump-trade-war-data/
Trump's $10 Billion IRS Suit Hits Snag with Skeptical Judge
IRS to Revamp Form 990 to Require More Info from Charitieshttps://www.accountingtoday.com/news/irs-to-revamp-form-990-to-require-more-info-from-charities
Congressman Introduces Bill to Autofill Tax Formshttps://www.accountingtoday.com/news/congressman-introduces-bill-to-autofill-tax-forms
House Passes IRS Whistleblower Program Improvement Acthttps://www.accountingtoday.com/news/house-passes-irs-whistleblower-improvement-act
Accountant Job Outlook & Demand Report 2026https://www.intuit.com/blog/innovative-thinking/accountant-job-outlook-demand-report/
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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
7 May 2026, 5:00 am - 50 minutes 25 secondsKPMG 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
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 Automatedhttps://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
Collective Acquires Open Ledger to Accelerate All-in-One Financial Solution for Solopreneurshttps://www.axios.com/pro/fintech-deals/2026/04/22/collective-open-ledger-acquisition
H&R Block Wants to Be More Than a Tax Companyhttps://fortune.com/article/hr-block-tax-year-round-financial-adviser-fintech-innovation/
An AI Agent Takes Over a Store and Orders Too Many Candles
Customers Bank CEO Uses AI Clone on Earnings Call, Signs OpenAI Dealhttps://www.cnbc.com/2026/04/27/openai-partners-with-customers-bank-in-push-to-automate-finance.html
KPMG Lays Off 10% of US Audit Partnershttps://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
PwC Tells Remote Tax Staff to Get Their Butts Into the Officehttps://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
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 Billhttps://www.accountingtoday.com/news/kentucky-passes-cpa-pathway-bill
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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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2 May 2026, 12:00 am - 54 minutes 34 secondsFirms 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?
IRS Shakes Up Leadership Ahead of Tax Seasonhttps://www.accountingtoday.com/news/irs-shakes-up-leadership-ahead-of-tax-season
Looking to Grow Like a Top 100 Firm? Try CAShttps://www.accountingtoday.com/news/looking-to-grow-like-a-top-100-firm-try-cas
Accounting Firms Need New Metrics for an Old Modelhttps://www.accountingtoday.com/opinion/accounting-firms-need-new-metrics-for-an-old-model
Only 18% of Organizations Track AI ROIhttps://www.accountingtoday.com/news/only-18-of-organizations-track-ai-roi
CPA Licensing Laws Are Constraining Accounting Firms in the AI Era
Maryland Approves CPA Licensure Pathways Billhttps://www.accountingtoday.com/news/maryland-approves-cpa-licensure-pathways-bill
Nevada Implements CPA Licensure Changeshttps://www.accountingtoday.com/news/nevada-implements-cpa-licensure-changes
Accountants Worried About War in Iranhttps://www.accountingtoday.com/news/accountants-worried-about-war-in-iran
Accounting Watchdog to Investigate Deloitte Over Fake Citations in $1.6M Healthcare Report
PwC Australia Profit Drops, But Fewer Partners Split the Pot
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
AI Tools Are Upending Typical Software Contracts
Rep. Ilhan Omar Cites Accounting Error in $30 Million Financial Disclosure
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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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24 April 2026, 4:00 pm - 47 minutes 49 secondsWhen 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
IRS Publishes List of Jobs That Qualify for 'No Tax on Tips' Provisionhttps://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.html
IRS AI Projects Fall by the Wayside Due to Staff Cutshttps://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
Xero OS: Your Operating System for the Future of Autonomous Financehttps://blog.xero.com/news-events/xero-os-ai-native-operating-system/
Tidwell — MCP Accounting Server (Reddit reference)
Warehouse Worker Charged in $500M Arson Attack at Kimberly-Clark Distribution Center
New Jersey Tax Preparer Sentenced in Largest COVID-19 Tax Relief Fraud Case
Pennsylvania Tax Preparer Jessica Cordero Faces Federal Charges in New Fraud Scheme
In This Critical Part of Audits, the Accountant's Role Is Shrinking Fasthttps://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5
KPMG Plans to Cut Up to 440 Audit Jobs in UK
EY Requiring U.S. Tax Staff to Work In-Person 12 Days a Monthhttps://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 Employeeshttps://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026
High-Growth Accounting Firms Spend Twice as Much on Marketinghttps://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecast
Evergrande Liquidators and PwC Head to Courthttps://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-court
Ontario Securities Commission Accuses KPMG of Botching Audits for Bridging Finance
Juno Raises $12M Seed to Scale AI Tax Preparation Platform
AI Slop Survey: A Third of Workers Rarely Check AI Output Before Using It
Agentic AI Frameworks and Artifact's Omni Platform Launch
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