The Accounting Podcast

The Accounting Podcast

By Blake Oliver & David LearyNewsNews CommentaryBusiness News
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The Accounting Podcast episodes

  • Entry Level Auditor Jobs Fall 43% & the AI Workslop Heading Downstream

    Blake and David examine the growing threat of AI-generated fake receipts, with 32% of accountants unable to recognize fraudulent documents and 30% reporting an increase in fraud since last year. They also discuss the concerning decline in entry-level auditor positions (down 43% since January) as firms adopt AI automation, while nearly half of accounts payable professionals now fear layoffs and also explore the concept of "work slop"—low-quality AI-generated work costing businesses nearly $200 per employee monthly—and debate whether firms should require clients to use standardized technology stacks, with only 37% currently doing so.

    Sponsors
    Cloud Accountant Staffing - http://accountingpodcast.promo/cas
    Rippling - http://accountingpodcast.promo/rippling
    Bill.com - http://accountingpodcast.promo/bill
    Bluebook - http://accountingpodcast.promo/bluebook


    Chapters
    • (01:43) - Headline Story: Tech Stack Adoption in Accounting Firms
  • (03:05) - Survey Insights: Tech Stack Usage in Firms
  • (07:15) - AI's Impact on Entry-Level Jobs
  • (13:55) - The Rise of 'Work Slop' and Its Costs
  • (20:44) - AI and Automation in Accounting
  • (25:08) - Human-in-the-Loop Automation with Zapier
  • (28:22) - AI in Tax Research and IT Blockers
  • (30:51) - Competitive Moats and Custom Bots
  • (32:26) - Exciting Changes in CPE Standards
  • (34:59) - Drake Software's Cloud-Based Tax Solution
  • (43:06) - State Department Embezzlement Scandal
  • (44:59) - Trump's Tariff Announcements
  • (50:28) - H-1B Visa Fee Increase
  • (56:20) - Conclusion and CPE Information
  •  


    Show Notes

    32% of accountants can't recognize AI-generated fake receipts 

    https://www.accountingtoday.com/news/32-admit-they-cannot-recognize-ai-generated-fake-receipts

    Entry-level auditor job postings fell 43%, per Randstad 

    https://www.accountingtoday.com/news/entry-level-auditor-job-postings-fell-43-per-randstad


    AI-Generated "Workslop" Is Destroying Productivity 

    https://hbr.org/2025/09/ai-generated-workslop-is-destroying-productivity


    97% say CPA firms not using tech efficiently says survey 

    https://www.accountingtoday.com/news/97-say-cpa-firms-not-using-tech-efficiently-says-survey


    CPA.com & BILL Growth Survey: How Firms Plan to Stay Ahead 

    https://www.bill.com/blog/cpa-and-bill-growth-technology-survey


    AP Pros Face Growing Layoff Concerns and See Automation as a Career Lifeline 

    https://www.cpapracticeadvisor.com/2025/09/11/ap-pros-face-growing-layoff-concerns-and-see-automation-as-a-career-lifeline-2/168818/


    Get more control over your workflows with Human in the Loop! 

    https://help.zapier.com/hc/en-us/articles/38838619533069-Get-more-control-over-your-workflows-with-Human-in-the-Loop


    54% use AI in tax research, but search engines remain prominent 

    https://www.accountingtoday.com/news/54-use-ai-in-tax-research-but-search-engines-remain-prominent


    Drake Software Introduces Drake Tax Online 

    https://www.cpapracticeadvisor.com/2025/09/24/drake-software-introduces-drake-tax-online/169572/


    Drake Software Launches Drake Tax Online: Powerful, Flexible Tax Software in the Cloud 

    https://www.prnewswire.com/news-releases/drake-software-launches-drake-tax-online-powerful-flexible-tax-software-in-the-cloud-302566087.html


    NASBA, AICPA release proposed revisions to CPE standards 

    https://www.journalofaccountancy.com/news/2025/sep/nasba-aicpa-release-proposed-revisions-to-cpe-standards


    NASBA, AICPA Release Exposure Draft of Proposed Revisions to CPE Standards

    https://nasba.org/blog/2025/09/15/revisions-to-cpe-standards-2025/

     

    H-1B FAQ

    https://www.uscis.gov/newsroom/alerts/h-1b-faq

     

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser:
    58 min
  • Accounting Firm Revenues, Profits, Compensation Rise

    Are accounting firms quietly having their best year ever? Blake and David break down why revenues and partner comp are rising—despite AI anxiety—and what it means for pricing and staffing. They unpack Gusto Money’s Melio-powered bill pay, Relay’s $1B milestone, Drake’s new workflow, and AI tools that actually help (note-takers, agents, research). Plus: Trump’s biannual reporting idea, peer review for PE-backed firms, BOI reversal, and the messy ‘no tax on tips’ proposal.

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    TeamUp - http://accountingpodcast.promo/teamup

    Bluebook - http://accountingpodcast.promo/bluebook


    Chapters
    • (00:00) - Introduction and Revenue Insights
  • (00:43) - Welcome to the Accounting Podcast
  • (01:00) - Gusto Showcase Event Highlights
  • (04:18) - The Importance of Long-Term Relationships in FinTech
  • (08:58) - Advisory Amplified Tour Announcement
  • (11:06) - AI in Accounting: Honest Reflections from a Tech Founder
  • (16:48) - AI Meeting Assistants for Accounting Firms
  • (21:03) - Comparing AI Tools: Blue Jay vs. ChatGPT
  • (29:43) - Accounting Firms' Revenue and Compensation Growth
  • (31:12) - Rising Costs and Accounting Firm Strategies
  • (32:25) - NASBA's New Mobile App for CPA Exam Candidates
  • (33:50) - Drake Software's Workflow Automation Launch
  • (37:13) - AI in the Workplace: Surveys and Trends
  • (41:16) - Fiverr's Shift to AI and Layoffs
  • (44:09) - Trump's Proposal on Financial Reporting
  • (50:01) - Private Equity and Peer Review Oversight
  • (52:28) - Tax-Free Tips and Proposed Regulations
  • (54:13) - AICPA and NASBA's Earn and Learn Program Shutdown
  • (55:20) - Conclusion and Listener Engagement
  •  


    Show Notes

    CPA Firms Report Steady Growth in Revenue and Profit, AICPA Research Finds
    https://www.aicpa-cima.com/news/article/cpa-firms-report-steady-growth-in-revenue-and-profit-aicpa-research-finds

    Vinyl Raises $2M to Build the Future of AI Meeting Assistants for Accountants
    https://www.usevinyl.com/insights/blog/vinyl-seed-funding-announcement

    Drake Software Unveils Powerful New Tax Workflow Automation Tools
    https://www.prnewswire.com/news-releases/drake-software-unveils-powerful-new-tax-workflow-automation-tools-302558230.html


    NASBA Releases CPA Mobile App for Future CPAs
    https://www.accountingtoday.com/news/nasba-releases-cpa-mobile-app

    AICPA Seeks Comment on Peer Review Proposal for Firms with Private Equity Backing
    https://www.cpapracticeadvisor.com/2025/09/16/aicpa-seeks-comment-on-peer-review-proposal-for-firms-with-private-equity-backing/169014/


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds
    Collective by DBA - https://collective.cpa/

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

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

    1 hr 1 min
  • The HIRE Act Would Tax Firms 25% for Offshore Labor

    Blake and David examine several major developments affecting the accounting profession, including the proposed HIRE Act that would impose a 25% excise tax on offshore labor payments to accounting firms. They also look at how AI is transforming hiring practices at major firms like PwC, which is cutting graduate recruitment due to advancing technology and explore practical AI implementation strategies for accounting firms, moving beyond basic chatbots to integrated workflows. The show wraps up with a story about fraud at The Epoch Times - a $67 million money laundering scheme - and the ongoing costs of bad social media tax advice.
     

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    Relay - http://accountingpodcast.promo/relay
    TeamUp - http://accountingpodcast.promo/teamup


    Chapters
    • (00:00) - Introduction and Personal Updates
  • (00:48) - AI in Accounting: Challenges and Opportunities
  • (04:57) - The Higher Act: Taxing Offshore Labor
  • (05:23) - Feel-Good Story: The Oldest Marching Band Member
  • (10:23) - Impact of AI on Job Market
  • (26:33) - Gambling Scandal and AI in Government
  • (36:22) - Expense Management Simplified
  • (38:29) - Supreme Court and Tariffs Update
  • (42:37) - Red Lobster's Downfall: A Case Study
  • (45:37) - The Role of AI in Accounting Firms
  • (01:03:04) - Epic Times CFO Charged with Money Laundering
  • (01:08:38) - Conclusion and Announcements
  •  


    Show Notes

    New Moreno Bill Would Crack Down on Outsourcing, Fund American Workers - Senator Bernie Moreno 

    https://www.moreno.senate.gov/press-releases/new-moreno-bill-would-crack-down-on-outsourcing-fund-american-workers/

    HIRE Act - A BILL 

    https://www.moreno.senate.gov/wp-content/uploads/2025/09/The-HIRE-Act.pdf


    Moreno Bill to Crackdown on Foreign Outsourcing Blocked by Senate Democrats - Senator Bernie Moreno 

    https://www.moreno.senate.gov/press-releases/moreno-bill-to-crackdown-on-foreign-outsourcing-blocked-by-senate-democrats/


    Offshoring is Screwed If This HIRE Act Thing Goes Anywhere But Let's Not Get Too Excited Yet - Going Concern 

    https://www.goingconcern.com/offshoring-is-screwed-if-this-hire-act-thing-goes-anywhere-but-lets-not-get-too-excited-yet/


    PwC's U.K. chief admits he's cutting back entry-level jobs and taking a 'watch and wait' approach to see how AI changes work | Fortune 

    https://fortune.com/2025/09/08/pwc-uk-chief-cutting-entry-level-junior-gen-z-jobs-ai-economic-headwinds-like-amazon-salesforce/


    AI takes entry-level jobs as Big Four slash graduate hiring 

    https://bmmagazine.co.uk/news/big-four-cut-graduate-jobs-ai/


    PwC Cuts Graduate Hiring as AI Reshapes Entry-Level Careers - TechStory 

    https://techstory.in/pwc-cuts-graduate-hiring-as-ai-reshapes-entry-level-careers/


    IRS assesses $162 million in penalties over false tax credit claims tied to social media | Internal Revenue Service 

    https://www.irs.gov/newsroom/irs-assesses-162-million-in-penalties-over-false-tax-credit-claims-tied-to-social-media


    Social media claims cost taxpayers $162M, IRS says. See the 'tips' to avoid 

    https://thehill.com/homenews/5492263-social-media-claims-cost-taxpayers-162m-irs-says-see-the-tips-to-avoid/


    IRS warns taxpayers: Social media advice can lead to costly penalties 

    https://www.journalofaccountancy.com/news/2025/sep/irs-warns-taxpayers-social-media-advice-can-lead-to-costly-penalties/


    Dirty Dozen: Taking tax advice on social media can be bad news for taxpayers; inaccurate or misleading tax information circulating | Internal Revenue Service 

    https://www.irs.gov/newsroom/dirty-dozen-taking-tax-advice-on-social-media-can-be-bad-news-for-taxpayers-inaccurate-or-misleading-tax-information-circulating


    Albania appoints world's first AI government 'minister' to root out corruption | Euronews 

    https://www.euronews.com/next/2025/09/12/albania-appoints-worlds-first-ai-government-minister-to-root-out-corruption


    Diella (AI system) - Wikipedia 

    https://en.wikipedia.org/wiki/Diella_(AI_system)


    Epoch Times embroiled in alleged cryptocurrency money laundering scheme - The Washington Post 

    https://www.washingtonpost.com/style/media/2024/06/04/epoch-times-money-laundering-cryptocurrency/


    CFO of Falun Gong-linked Epoch Times arrested and accused of role in $67m multinational money laundering scheme | Fortune 

    https://fortune.com/2024/06/04/cfo-weidong-bill-guan-falun-gong-epoch-times-arrested-67m-multinational-money-laundering-scheme/


    The only recap of Red Lobster's downfall you need 

    https://thetakeout.com/red-lobster-endless-shrimp-private-equity-downfall-recap


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    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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    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 wr...

    1 hr 11 min
  • Who Gets No Tax on Tips, Why Firms Struggle With Tech, Xero Updates

    Are AI “super agents” like Xero’s Jax actually useful—or just shiny chatbots? Blake and David unpack Xerocon announcements, why embedded agents lack context, smarter way to automate bank feeds with rules, the leaked “no tax on tips” job list and planning opportunities, IRS staffing whiplash, plus what billion‑dollar AI pledges from big firms really mean. Walk away with practical steps to deploy AI that saves hours without losing control.

    Sponsors
    TeamUp - http://accountingpodcast.promo/teamup
    Rippling - http://accountingpodcast.promo/rippling
    Digits - http://accountingpodcast.promo/digits


    Chapters
    • (00:00) - Introduction and Podcast Overview
  • (00:45) - Continuing Professional Education (CPE) Credits
  • (03:20) - Live Stream Interactions and Coffee Talk
  • (04:09) - Upcoming Deadlines and Tax Season Tips
  • (05:52) - Upcoming Conferences and Events
  • (14:48) - Blake's New Book Announcement
  • (24:27) - No Tax on Tips Discussion
  • (28:57) - IRS Workforce Challenges
  • (31:41) - State Tax Implications for NFL Players
  • (36:22) - Xero Con and AI Financial Super Agent
  • (37:51) - Analyzing Gross Profit Trends
  • (39:43) - Limitations of AI in Accounting
  • (42:12) - AI-Powered Bank Reconciliation
  • (49:47) - Automating Invoice Creation with AI
  • (55:01) - Grant Thornton's AI Investment
  • (01:02:16) - The Future of AI in Accounting
  • (01:13:03) - AI's Impact on Accounting Jobs
  • (01:21:26) - Implementing AI in Accounting Firms
  •  


    Show Notes

    Treasury names jobs for Trump's 'no tax on tips' deduction
    https://www.cnbc.com/2025/09/03/treasury-trump-no-tax-on-tips-jobs.html

    Scoop: List of jobs covered by Trump's "no tax on tips" (See if you qualify)
    https://www.axios.com/2025/09/01/no-tax-on-tips-jobs-trump-bill

    Workers in 68 occupations may soon be exempt from paying taxes on tips, including some surprising jobs
    https://www.cbsnews.com/news/no-tax-on-tips-trump-big-beautiful-bill-68-occupations-heres-who/

    IRS is canceling its layoff plans, will ask some it fired or pushed out to return
    https://www.govexec.com/workforce/2025/08/irs-canceling-its-layoff-plans-will-ask-some-it-fired-or-pushed-out-return/407620/

    The IRS is Downsizing: Key Divisions Most Affected in 2025
    https://sandbergphoenix.com/the-irs-is-downsizing-key-divisions-most-affected-in-2025/

    Grant Thornton Advisors investing $1 billion to arm the multinational workforce across its platform with powerful AI tools and technology
    https://www.businesswire.com/news/home/20250904414830/en/Grant-Thornton-Advisors-investing-$1-billion-to-arm-the-multinational-workforce-across-its-platform-with-powerful-AI-tools-and-technology

    Grant Thornton Advisors to Sink $1 Billion Over Three Years on AI
    https://www.cpapracticeadvisor.com/2025/09/05/grant-thornton-advisors-to-sink-1-billion-over-three-years-on-ai/168500/

    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

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

    1 hr 25 min
  • Excel Gets AI, FP&A Pros Under Threat, QBO AI Feeds Blowback

    Are AI bank feeds helping—or just creating more work? Blake and David unpack Intuit’s missteps, why “use AI to make the rules” matters, and how a no‑code agent now posts multi‑line bills to Xero. They demo Excel’s new "copilot()" function, share how FP&A roles are shifting, and hit headlines from Barstool’s lawsuit to tariffs and Gusto’s Guideline deal. You’ll leave with practical ways to deploy AI, avoid hidden risks, and boost margins.

    Sponsors
    OnPay - http://accountingpodcast.promo/onpay
    TeamUp - http://accountingpodcast.promo/teamup
    Digits - http://accountingpodcast.promo/digits



    Chapters
    • (00:43) - Planning with AI
  • (02:03) - The Threat of AI to Consultants
  • (04:41) - AI in QuickBooks: A Double-Edged Sword
  • (06:19) - AI's Limitations and Future in Accounting
  • (27:02) - Excel's New AI Copilot
  • (28:22) - Introducing the Copilot Function in Excel
  • (33:50) - AI in the Workplace: Challenges and Opportunities
  • (37:44) - Barstool Sports vs. Omega Accounting Solutions
  • (41:29) - New Tariff Policies and Their Impact
  • (53:45) - Gusto Acquires Guideline for Retirement Services
  • (54:26) - Conclusion and CPE Information
  •  


    Show Notes

    Bring AI to your formulas with the COPILOT function in Excel
    https://techcommunity.microsoft.com/blog/microsoft365insiderblog/bring-ai-to-your-formulas-with-the-copilot-function-in-excel/4443487

    FP&A pros anticipate AI-driven headcount reductions
    https://www.accountingtoday.com/news/fp-a-pros-anticipate-ai-driven-headcount-reductions

    President Trump Ends Unfair "De Minimis" Tariff Exemption, A Major Victory in Securing the Homeland https://www.dhs.gov/news/2025/07/31/president-trump-ends-unfair-de-minimis-tariff-exemption-major-victory-securing

    Fact Sheet: President Donald J. Trump is Protecting the United States' National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally
    https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-is-protecting-the-united-states-national-security-and-economy-by-suspending-the-de-minimis-exemption-for-commercial-shipments-globally/

    Barstool Sports Sues Accounting Firm Over Unpaid Advertising Bills
    https://www.sportico.com/law/analysis/2025/barstool-omega-accounting-solutions-advertising-lawsuit-1234868719/


    Need CPE?

    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
    Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com


    Get in Touch

    Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


    Sponsorships

    Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.


    Need Accounting Conference Info? 

    Check out our new website - accountingconferences.com


    Limited edition shirts, stickers, and other necessities

    TeePublic Store: http://cloudacctpod.link/merch


    Subscribe

    • Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
    • YouTube: https://www.youtube.com/@TheAccountingPodcast
    • Spotify: http://cloudacctpod.link/Spotify
    • Podchaser: http://cloudacctpod.link/podchaser
    • Stitcher: http://cloudacctpod.link/Stitcher
    • Overcast: http://cloudacctpod.link/Overcast


    Classifieds

    Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd


    Transcripts

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

    56 min
  • AI Shakes Up Big Four Accounting Job Market

    Can AI agents actually reduce your workload—or just add hype? Blake demos how he rebuilt bill-entry “Hubdoc-style” in about an hour with Zapier Agents, then maps out why most AI pilots fail without documented workflows and human approvals. Plus: PwC’s plan to hire one-third fewer grads, juniors supervising AI, HMRC scanning social posts for tax gaps, and fresh salary and pricing benchmarks. Learn where AI truly fits—and how to price with confidence.

    Sponsors
    Relay - http://accountingpodcast.promo/relay
    TeamUp - http://accountingpodcast.promo/teamup
    Human at Scale - http://accountingpodcast.promo/human
    Digits - http://accountingpodcast.promo/digits


    Chapters
    • (05:36) - AI Agents: Hype vs. Reality
  • (07:49) - AI's Impact on Corporate America
  • (10:28) - Challenges in AI Integration
  • (19:11) - PWC and AI: Training the Next Generation
  • (21:43) - Building AI Agents with Zapier
  • (41:00) - Human at Scale: Transforming Accounting Firms
  • (42:34) - Live Stream Chat and AI Future
  • (45:14) - Outsourcing vs. AI in Business
  • (46:37) - AI in Accounting: Supervision and Customization
  • (48:33) - Intuit's Q4 Earnings and QuickBooks Live
  • (51:00) - AI's Impact on Accounting Jobs and Tools
  • (59:48) - UK's AI Tax Fraud Detection
  • (01:03:27) - Accounting Salary Survey Results
  • (01:13:40) - Client Relationships and Free Speech Issues
  • (01:18:18) - Conclusion and CPE Information
  •  


    Show Notes

    The GenAI Divide: State of AI in Business 2025 (MIT NANDA Report)
    https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/

    Getting a job at PwC out of college will be a lot tougher. It plans to recruit a third fewer grads by 2028
    https://www.aol.com/getting-job-pwc-college-lot-120316405.html

    HMRC uses AI to spot tax fraud on social media
    https://www.accountancyage.com/2025/08/12/hmrc-uses-ai-to-spot-tax-fraud-on-social-media/

    The 2025 Accounting Today Salary Survey: Sweetening the deal
    https://www.accountingtoday.com/news/the-2025-accounting-today-salary-survey-sweetening-the-deal

    2025 U.S. Accounting and Tax Pricing Benchmark (Ignition)
    https://www.ignitionapp.com/us/2025-accounting-tax-pricing-benchmark

    TaxDome Releases First-of-Its-Kind 2025 Niche Business Accounting Report
    https://www.morningstar.com/news/pr-newswire/20250819ph53815/taxdome-releases-first-of-its-kind-2025-niche-business-accounting-report

    2025 Niche Business Accounting Report (TaxDome)
    https://taxdome.com/niche-report-2025


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    Transcripts

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    1 hr 27 min
  • Can ChatGPT Agent Mode Reconcile My Checking Account?

    Can an AI reconcile your books while you sleep? Blake and David run a live experiment with ChatGPT-5’s Agent Mode in Xero—watching it match transactions, stumble on prepayments, and reveal what’s realistically automatable today. They also break down a flood of app news: Dext's bill pay, Ramp’s mega raise, Thomson Reuters and Deloitte’s agentic AI, plus Ignition–Financial Cents and Canopy portal moves. They dig into survey findings showing that 58% of employees are secretly using AI at work despite company bans, and take a look at how AI is disrupting the job market for college graduates.

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    Chapters
    • (01:32) - Exploring AI in Accounting
  • (02:20) - Testing ChatGPT for Accounting Tasks
  • (05:26) - Reconciling Transactions with AI
  • (10:27) - App News
  • (18:34) - AI and Automation in Accounting
  • (23:29) - Recent Raises and Acquisitions
  • (31:10) - Government and Regulatory Updates
  • (35:14) - AI Agent Struggles with Prepayment
  • (35:39) - VC Investments in Accounting Firms
  • (37:43) - Ignition and Financial Sense Integration
  • (40:13) - Canopy's Smart Intake and AI Innovations
  • (42:58) - AI in the Workplace: Surveys and Insights
  • (44:39) - AI Agent Finally Figures Out Prepayment
  • (52:36) - AI's Limitations and Future Potential
  • (01:01:55) - Fundraising and AI in Accounting Apps
  • (01:12:28) - Impact of AI on the market
  • (01:13:42) - Conclusion and CPE Information
  •  


    Show Notes

    Product Specialist-Accounting,AI - Xero

    https://builtinlondon.uk/job/product-specialist-accounting-ai/6683466

    Rillet raises $70M to replace 20th-century accounting software with AI-native ERP built by accountants

    https://www.globenewswire.com/news-release/2025/08/06/3128328/0/en/Rillet-raises-70M-to-replace-20th-century-accounting-software-with-AI-native-ERP-built-by-accountants.html


    AI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led round

    https://www.investing.com/news/economy-news/ai-accounting-startup-rillet-raises-70-million-in-andreessen-horowitz-iconiqled-round-4172975


    Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Finance

    https://www.prnewswire.com/news-releases/ramp-raises-500-million-at-22-5-billion-valuation-to-accelerate-ai-and-build-the-future-of-finance-302516953.html


    Ramp hits $22.5B valuation just 45 days after reaching $16B

    https://techcrunch.com/2025/07/30/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/


    IRS, White House clashed over immigrants' data before Billy Long was ousted

    https://www.washingtonpost.com/business/2025/08/09/trump-administration-irs-data-dispute/


    Trump replaces IRS Commissioner Billy Long with Scott Bessent

    https://www.washingtonpost.com/business/2025/08/08/billy-long-irs-commissioner-bessent/


    Trump ousts Billy Long as IRS commissioner, names Bessent acting head

    https://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissioner


    IRS Chief Forced Out After Immigrant Tax Data Pushback—Report

    https://www.newsweek.com/irs-chief-forced-immigrant-tax-data-pushback-report-2111292


    Billy Long's IRS ouster follows clashes with Treasury, sparks concern

    https://thehill.com/homenews/administration/5449180-treasury-clashes-irs-commissioner/

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    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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    1 hr 15 min
  • GPT-5 Launch & Charting Fail, Crazy $$$ Going Into AI Accounting Tech

    Blake and David discuss how both AICPA and NASBA have officially endorsed a 120-hour CPA licensure pathway in the ninth edition of the Uniform Accountancy Act, validating Blake's long-standing advocacy against the 150-hour requirement. They also examine Baker Tilly's policy, which requires CPAs to remove their designations from email signatures and LinkedIn profiles due to alternative practice structures. They move on to the launch of GPT-5, praising its improved integration but noting concerning chart errors in OpenAI's presentation and ongoing hallucination issues. Rounding things out, they also discuss Trump's firing of newly-appointed IRS Commissioner Billy Long after just weeks in office, comparing it to his dismissal of the Bureau of Labor Statistics head over unfavorable job revision data.

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    Chapters
    • (00:41) - AICPA and NASBA owe Blake an apology
  • (02:35) - AI and GPT-5 Launch
  • (04:17) - CPA License Controversy
  • (13:04) - IRS and BLS Firings
  • (24:54) - Tariffs and Economic Impact
  • (37:13) - Impressive Results with GPT-5
  • (41:13) - Private Equity and Accounting Firms
  • (45:16) - AI Errors in High-Stakes Presentations
  • (56:41) - SEC's New Stable Coin Regulations
  • (59:56) - China's Response to US Stable Coin Regulations
  • (01:01:16) - KPMG and the Silicon Valley Bank Collapse
  • (01:03:20) - Macy's Executive Bonuses Clawed Back
  • (01:05:33) - Luckin Coffee's Auditor Penalized
  • (01:08:34) - Mike Lynch's Estate Hit with $1 Billion Judgment
  • (01:09:51) - Match Group's Stock Surge and Economic Optimism
  • (01:12:58) - Final Thoughts and Continuing Education
  •  


    Show Notes

    NASBA, AICPA give blessing to 120-hour CPA pathway

    https://www.cfo.com/news/governing-bodies-of-accounting-give-blessing-to-120-hour-cpa-requirement/754033/
     
    AICPA and NASBA Approve Model Legislation for New CPA Licensure Path

    https://nasba.org/blog/2025/05/13/aicpa-and-nasba-approve-model-legislation-for-new-cpa-licensure-path/


    NASBA and AICPA Publish Ninth Edition of the Uniform Accountancy Act (UAA)

    https://nasba.org/blog/2025/07/22/nasba-and-aicpa-publish-ninth-edition-of-the-uniform-accountancy-act-uaa/


    Alaska Becomes the Latest State to Offer an Alternate CPA Pathway, With No Help From the Governor

    https://www.goingconcern.com/alaska-becomes-the-latest-state-to-offer-an-alternate-cpa-pathway-with-no-help-from-the-governor/


    CPA requirements by state

    https://www.cfo.com/news/cpa-requirements-by-state-cfo-accounting-updates-changes-150-hour/740328/


    Baker Tilly Secures Private Equity Investment in Largest CPA Transaction to Date

    https://insidepublicaccounting.com/2024/02/05/baker-tilly-secures-private-equity-investment-in-largest-cpa-transaction-to-date/


    Trump ousts Billy Long as IRS commissioner, names Bessent acting head

    https://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissioner


    IRS Commissioner Billy Long replaced after less than two months

    https://www.npr.org/2025/08/08/nx-s1-5496549/irs-billy-long-trump


    Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the role

    https://federalnewsnetwork.com/management/2025/08/trump-removes-billy-long-as-irs-commisioner-less-than-2-months-after-his-confirmation/


    OpenAI botches the charts in GPT-5 introduction

    https://flowingdata.com/2025/08/07/openai-botches-the-charts-in-gpt-5-introduction/


    GPT-5 Launch Demo Plagued With Catastrophically Dumb Errors

    https://futurism.com/gpt-5-demo-dumb-errors


    Sam Altman addresses 'bumpy' GPT-5 rollout, bringing 4o back, and the 'chart crime'

    https://techcrunch.com/2025/08/08/sam-altman-addresses-bumpy-gpt-5-rollout-bringing-4o-back-and-the-chart-crime/


    Introducing GPT-5

    https://openai.com/index/introducing-gpt-5/



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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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    • YouTube...
    1 hr 15 min
  • Who's Most Likely to Quit Your Firm? & Higher Wages, Fewer Jobs

    What happens when the traditional path from college to accounting career gets disrupted by AI and automation? This week, Blake and David explore who's most likely to quit accounting firms (hint: it's the middle managers), why wages are rising while jobs disappear, and how one college is revolutionizing accounting education. You'll discover which employees are happiest and most miserable in accounting, learn why ChatGPT conversations could be used against you in court, and hear from Nicole Wetter about Green River College's innovative applied accounting program that puts students in real internships while teaching them AI tools alongside traditional skills.

    Sponsors
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    TeamUp - http://accountingpodcast.promo/teamup
    Human at Scale - http://accountingpodcast.promo/human
    Missive - http://accountingpodcast.promo/missive



    Chapters
    • (00:48) - AI in Accounting: Opportunities and Limitations
  • (02:11) - Impact of AI on Accounting Jobs
  • (04:07) - Interview with Nicole Wetter: Applied Science in Accounting
  • (04:57) - ChatGPT and Legal Concerns
  • (05:29) - Accounting Industry Updates and Opinions
  • (06:55) - Employee Satisfaction in Accounting Firms
  • (12:12) - Mergers and Acquisitions in Accounting
  • (13:38) - Sponsor Messages and Livestream Welcome
  • (17:40) - Conflicting Survey Data on Tech Adoption
  • (25:16) - ChatGPT Study Mode: A New Way to Learn
  • (31:13) - Second Sponsor Message: Team Up
  • (32:10) - Free Resources for Listeners
  • (32:29) - Billy Long's IRS Leadership
  • (36:02) - Jeffrey Epstein's Tax Planning Scandal
  • (38:03) - Rant on Tariffs and Economic Policies
  • (47:04) - Interview with Nicole Wetter on Applied Accounting Education
  • (01:10:04) - Final Thoughts and Upcoming Events
  •  


    Show Notes

    Who's most likely to leave your accounting firm?

    https://www.accountingtoday.com/news/whos-most-likely-to-leave-your-accounting-firm

    Sam Altman warns there's no legal confidentiality when using ChatGPT as a therapist

    https://techcrunch.com/2025/07/25/sam-altman-warns-theres-no-legal-confidentiality-when-using-chatgpt-as-a-therapist/


    OpenAI to appeal New York Times copyright case over user data preservation

    https://www.foxbusiness.com/technology/openai-appeal-copyright-ruling-ny-times-case-altman-calls-ai-privilege


    How we're responding to The New York Times' data demands in order to protect user privacy

    https://openai.com/index/response-to-nyt-data-demands/


    'I don't care about Direct File': IRS chief says agency plans to end free filing program

    https://www.cnbc.com/2025/07/30/irs-chief-says-agency-plans-to-end-free-direct-file-program.html

    IRS Chief Says Direct File Is 'Gone,' Other Audit Tech Is Coming

    https://news.bloombergtax.com/daily-tax-report/irs-chief-says-direct-file-is-gone-other-audit-tech-is-coming


    New commissioner confident IRS can implement OBBBA's tax provisions

    https://www.journalofaccountancy.com/news/2025/jul/new-commissioner-confident-irs-can-implement-obbbas-tax-provisions/


    Continuing Epstein Investigation, Wyden Probes IRS's Failure to Investigate Sex Trafficker's Highly Lucrative Tax Planning Work

    https://www.finance.senate.gov/ranking-members-news/continuing-epstein-investigation-wyden-probes-irss-failure-to-investigate-sex-traffickers-highly-lucrative-tax-planning-work


    Wyden probes IRS failure to investigate Jeffrey Epstein's tax planning

    https://www.accountingtoday.com/news/wyden-probes-irs-failure-to-investigate-jeffrey-epsteins-tax-planning


    As Trump Sits on Key Epstein Files, Wyden Lays Out "Follow the Money" Investigation for DOJ

    https://www.finance.senate.gov/ranking-members-news/as-trump-sits-on-key-epstein-files-wyden-lays-out-follow-the-money-investigation-for-doj


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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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    1 hr 12 min
  • Colbert's Losing P&L, Impending AI Fraud Crisis, House Holds FASB Hostage

    What happens when politicians threaten to cut funding from accounting standard-setters unless they eliminate specific rules? Blake and David explore unprecedented political interference in FASB and PCAOB operations, plus the IRS facing a 23% budget cut despite Trump's push for more customer service staff. They unpack Sam Altman's warning about AI breaking voice authentication at major banks, why accounting degrees deliver 261% ROI (fourth-best among all majors), and how $28.7 billion in private equity money is reshaping CPA firms. Plus, the economic reality behind Stephen Colbert's show cancellation, Bitcoin's institutional takeover, and how tariff uncertainty is creating impossible planning conditions for businesses.

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    Chapters
    • (00:41) - The Decline of Late Night TV
  • (03:02) - The Shift to Digital Media
  • (12:35) - AI in Accounting Firms
  • (15:30) - PCOB Leadership Changes
  • (18:50) - Legislation to Eliminate PCOB
  • (19:50) - FASB Funding Threats
  • (23:38) - IRS Budget Cuts
  • (30:40) - Deloitte's Audit Investigation
  • (31:39) - Uncovering Glencore Energy's Bribery Scandal
  • (33:03) - The ROI of an Accounting Degree
  • (36:45) - Private Equity's Surge in Accounting Firms
  • (53:30) - The Immigration Debate and Economic Consequences
  • (59:41) - Alternative Pathways in Accounting: Alaska's New Law
  • (01:00:32) - Conclusion Final Thoughts
  •  


    Show Notes

    CBS is ending 'The Late Show with Stephen Colbert' next year | CNN Business
    https://www.cnn.com/2025/07/17/media/cbs-cancels-stephen-colbert

    Stephen Colbert's 'Late Show' run will come to an end next year as CBS cancels franchise
    https://www.nbcnews.com/pop-culture/tv/stephen-colbert-late-show-end-cbs-rcna219499

    Inside CBS' 'agonizing decision' to cancel Colbert's top-rated late-night show | CNN Business https://www.cnn.com/2025/07/18/media/colbert-cbs-late-show-cancel-paramount-trump

    SEC.gov | SEC Announces George Botic to Serve as Acting Chair of the Public Company Accounting Oversight Board
    https://www.sec.gov/newsroom/press-releases/2025-100-sec-announces-george-botic-serve-acting-chair-public-company-accounting-oversight-board

    George Botic Takes Over as Acting Chief of the PCAOB - CPA Practice Advisor
    https://www.cpapracticeadvisor.com/2025/07/22/george-botic-takes-over-as-acting-chief-of-the-pcaob/165364/

    SEC names George Botic as acting chair of PCAOB | Accounting Today
    https://www.accountingtoday.com/news/sec-names-george-botic-as-acting-chair-of-pcaob


    House Republicans propose to withhold funds from FASB unless income tax reporting standard is withdrawn | Accounting Today
    https://www.accountingtoday.com/news/house-republicans-propose-to-withhold-funds-from-fasb


    GOP Threatens Accounting Board Funding Over Tax Disclosure Rules
    https://news.bloombergtax.com/financial-accounting/gop-threatens-accounting-board-funding-over-tax-disclosure-rules


    Americans Want to Know Which Corporations Aren't Paying Taxes, but House Republicans Want to Keep this Information Secret
    https://itep.org/corporate-tax-avoidance-house-republicans-spending-bill/


    Trump wants to reverse the staffing cuts he's overseen for IRS customer service. House Republicans disagree. - Government Executive
    https://www.govexec.com/workforce/2025/07/trump-wants-reverse-staffing-cuts-hes-overseen-irs-customer-service-house-republicans-disagree/407002/


    Trump slashes 25% of IRS workforce with buyouts, firings of nearly 26,000 agency staff https://www.washingtontimes.com/news/2025/jul/22/trump-slashed-25-irs-workforce/

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    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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    • Overcast: http://cloudacctpod.link/Overc...
    1 hr 2 min

About The Accounting Podcast

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The most authoritative voice in accounting news. Every week, Blake Oliver and David Leary break down the stories reshaping the profession — AI, the Big Four, firm M&A, audit failures, and the…

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