- 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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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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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
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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.
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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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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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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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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.
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Canopy - http://accountingpodcast.promo/canopy
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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.
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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.
Sponsors
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
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 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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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
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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.
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
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
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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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Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.
Need Accounting Conference Info?
Check out our new website - accountingconferences.com
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