AI: Accounting Intelligence

AI Hype vs. Reality

Listen Later

Isaac Heller and guest Blake Oliver dive deep into the world of AI in accounting, examining recent VC investments and emerging trends. They discuss the potential for AI to augment and automate various accounting tasks, from bookkeeping to auditing, while exploring the challenges of implementation and data management. The conversation also touches on how these technological shifts may impact the accounting workforce and reshape the competitive landscape for both startups and established firms.

  • (00:00) - Welcome to AI Accounting Intelligence
  • (00:38) - AI and Accounting: The Hype and Reality
  • (02:18) - Analyzing VC Perspectives
  • (04:10) - The Death of the Big Four?
  • (05:40) - Emergence's Matrix and Automation Potential
  • (13:30) - AI's Role in Auditing
  • (17:03) - Challenges and Opportunities in AI Adoption
  • (25:22) - Future of AI in Accounting
  • (29:52) - The Role of AI in Excel and Data Management
  • (31:06) - Cost Constraints and Efficiency of AI
  • (32:37) - Smart Query Structuring and Enterprise Search
  • (36:14) - Big Four and AI Investments
  • (38:21) - Challenges and Opportunities in AI Adoption
  • (45:31) - The Talent Shortage
  • (48:58) - Private Equity and Accounting Firm Buyouts
  • (52:53) - The Future of AI in Accounting
  • (57:08) - Conclusion and Final Thoughts

    • Learn more about Trullion

    Connect with Blake Oliver

    https://www.linkedin.com/in/blaketoliver

    Connect with Isaac Heller
    https://www.linkedin.com/in/isaacheller

    Get NASBA Approved CPE or IRS Approved CE
    Launch the course on Earmark to get free CPE/CE for listening to this episode.

    Review
    Leave a review on Apple Podcasts or Podchaser

    Subscribe
    Subscribe to the AI: Accounting Intelligence podcast in your favorite podcast app!

    This podcast is a production of the Earmark Media

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    ...more
    View all episodesView all episodes
    Download on the App Store
    AI: Accounting IntelligenceBy Isaac Heller
    • 4.4
    • 4.4
    • 4.4
    • 4.4
    • 4.4

    4.4

    5 ratings

    More shows like AI: Accounting Intelligence

    View all
    Freakonomics Radio by Freakonomics Radio + Stitcher

    Freakonomics Radio

    32,009 Listeners

    Planet Money by NPR

    Planet Money

    30,729 Listeners

    WSJ What’s News by The Wall Street Journal

    WSJ What’s News

    4,332 Listeners

    Pivot by New York Magazine

    Pivot

    9,513 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    334 Listeners

    The Indicator from Planet Money by NPR

    The Indicator from Planet Money

    9,538 Listeners

    Practical AI by Practical AI LLC

    Practical AI

    204 Listeners

    Squawk on the Street by CNBC

    Squawk on the Street

    589 Listeners

    Morning Brew Daily by Morning Brew

    Morning Brew Daily

    3,024 Listeners

    The Prof G Pod with Scott Galloway by Vox Media Podcast Network

    The Prof G Pod with Scott Galloway

    5,563 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    9,968 Listeners

    GoodFellows: Conversations from the Hoover Institution by Hoover Institution

    GoodFellows: Conversations from the Hoover Institution

    692 Listeners

    The Unique CPA by Randy Crabtree, CPA

    The Unique CPA

    24 Listeners

    Earmark Podcast | Earn Free Accounting CPE by Blake Oliver, CPA

    Earmark Podcast | Earn Free Accounting CPE

    27 Listeners

    Audit Smarter by Sam Mansour, CPA & Abdullah Mansour

    Audit Smarter

    0 Listeners