The Accounting Podcast

Blake Oliver & David Leary

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

  1. Aussies Want to Break up Big Four & Trump Accounts Go Live on the 4th

    vor 9 Std.

    Aussies 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. SponsorsOnPay - http://accountingpodcast.promo/onpayCanopy - http://accountingpodcast.promo/canopyThe Value Builder System - http://accountingpodcast.promo/valueCloud 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 https://www.accountingtoday.com/opinion/the-trump-accounts-rollout-is-the-biggest-advisory-opportunity-most-accountants-are-missing Australia weighs break-up of Big Four accounting firms after scandals https://www.investing.com/news/stock-market-news/australia-weighs-breakup-of-big-four-accounting-firms-after-scandals-4769425 EY staffer fired after allegedly accessing Prime Minister's bank account https://www.cyberdaily.au/security/13847-ey-staffer-fired-after-allegedly-accessing-prime-minister-s-bank-account Coca-Cola Meets Sympathetic Judges in $20 Billion IRS Case https://news.bloombergtax.com/daily-tax-report/coca-cola-meets-sympathetic-judges-in-transfer-pricing-dispute TIGTA: IRS Has Data-Sharing Pacts with Over 1,120 Organizations, Some of Which It Can't Identify https://www.cpapracticeadvisor.com/2026/07/06/tigta-irs-has-data-sharing-pacts-with-over-1120-organizations-some-of-which-it-cant-identify/186216/ 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 https://www.accountingtoday.com/news/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 https://www.tekedia.com/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/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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...

    58 Min.
  2. Fake AI Receipt Fraud Soars & Big Firms Losing Power

    vor 2 Tagen

    Fake 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. SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casThe Value Builder System - http://accountingpodcast.promo/valueOnPay - 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 https://www.cpa.com/news/blue-j-and-cpacom-survey-finds-ai-adoption-among-tax-firms-has-nearly-doubled-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 https://www.accountingtoday.com/news/irs-electronic-tax-advisory-committee-recommends-ai-and-preparer-safeguards The end of hourly billing Ignition's 2025 benchmark signals pricing shift for firms https://www.ignitionapp.com/news/the-end-of-hourly-billing-ignitions-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 https://www.globenewswire.com/news-release/2026/06/16/3312500/0/en/pilot-launches-meridian-the-ai-platform-that-fully-closes-the-books-for-accounting-firms.html Kinter.ai Launches Agentic AI Accountants to Automate The Financial Close https://www.prnewswire.com/news-releases/kinterai-launches-agentic-ai-accountants-to-automate-the-financial-close-302807330.html 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 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher:

    57 Min.
  3. KPMG Withdraws AI Report Full of "Vibe Citations"

    26. Juni

    KPMG 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. SponsorsCanopy - http://accountingpodcast.promo/canopyThe Value Builder System - http://accountingpodcast.promo/valueOnPay - 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 https://www.theregister.com/ai-and-ml/2026/06/12/kpmgs-ai-report-turns-into-a-demo-of-ai-hallucinations/5255029 Pentagon turns to AI in push for clean financial audit by 2028 https://www.stripes.com/theaters/us/2026-06-11/pentagon-audit-ai-contract-21941885.html Copilot Cowork is now generally available https://www.microsoft.com/en-us/microsoft-365/blog/2026/06/16/copilot-cowork-is-now-generally-available/ Tax Prep Billing Rates Lift Busy Season 2026 https://cpatrendlines.com/2026/04/14/tax-prep-emerges-from-busy-season-2026-as-the-new-engine-for-billing-rates/ State Farm overhauls agent contracts, mandates AI use https://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 billionaire https://fortune.com/2026/06/13/spacex-cfo-bret-johnsen-overnight-billionaire-ipo/ SpaceX CFO Bret Johnsen joins billionaire ranks after $75B IPO: Trial Balance https://www.cfo.com/news/spacex-cfo-bret-johnsen-joins-billionaire-ranks-after-ipo-trial-balance/822848/ Investors oppose semiannual reporting, says poll https://www.accountingtoday.com/news/investors-oppose-semiannual-reporting-says-poll CFA Institute Investor Perspectives: Quarterly Reporting 2026 https://rpc.cfainstitute.org/sites/default/files/docs/research-reports/investor-perspectives-quarterly-reporting-2026.pdf The Global Freelancer Pay Gap Report https://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 staff https://www.cityam.com/kpmg-scraps-summer-early-friday-finish-for-staff/ Intuit hires Mother to humanize the QuickBooks maker's AI pitch https://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 https://fortune.com/2026/06/01/trump-administration-plan-appeal-illegal-ieepa-tariff-universal-refunds/ IRS gave 47,000 taxpayers' addresses to ICE https://www.accountingtoday.com/news/irs-gave-47-000-taxpayers-addresses-to-ice Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 o...

    1 Std.
  4. AICPA Says By 2040 Compliance Will Be Automated

    18. Juni

    AICPA 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. SponsorsDigits - http://accountingpodcast.promo/digitsOnPay - http://accountingpodcast.promo/onpaySavant Labs - http://accountingpodcast.promo/savantR.E. Cost Seg - http://accountingpodcast.promo/recostseg Chapters(00:00) - Cash Stolen In Bay Ridge (00:27) - Podcast Welcome Back (02:58) - Engage Conference Takeaways (03:58) - Hidden Vibe Coding (07:50) - Rise 2040 Automation Report (10:47) - Human In The Lead Debate (15:09) - Top Firm Concerns 2026 (18:29) - OpenAI Finance Team Lean (21:52) - Enrollment Up And CPA Pathways (25:19) - 7000 Cash Theft Revisited (26:52) - KPMG Whistleblower Scandal (28:33) - Crowe Gets 3B PE Deal (30:07) - Red Lobster AI Conspiracy (31:30) - PE Cross Selling Risks (33:39) - CPA Trust Campaign Launch (36:17) - Florida Licensure Threat (37:14) - Why Shelly Stayed Quiet (39:13) - What The Bill Proposed (43:28) - Why Deregulation Happened (45:46) - How FICPA Stopped It (48:46) - Mobility And Modernization (01:00:04) - CPE And Future Battles (01:03:59) - Wrap Up And Next Steps   Show Notes Man Accused of Stealing $7K from Accounting Firm in Brooklyn https://pix11.com/news/local-news/brooklyn/man-accused-of-stealing-7k-from-accounting-firm-in-brooklyn-nypd/ AICPA and CIMA Launch Rise2040: Shaping the Future of Finance and Accounting https://www.aicpa-cima.com/news/article/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 https://www.cfo.com/news/openai-cfo-sarah-friar-offers-a-look-inside-the-companys-finance-function/822545/ 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. https://cpatrendlines.com/2026/06/09/cpa-pe-deal-tracker-57-say-pe-threatens-the-cpa-brand-but-theyll-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 Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026Flowglad -

    1 Std. 8 Min.
  5. AI Beats Humans at Bookkeeping & Powers Finance Team of One

    10. Juni

    AI 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. SponsorsOnPay - http://accountingpodcast.promo/onpayThe Value Builder System - http://accountingpodcast.promo/valueR.E. Cost Seg - http://accountingpodcast.promo/recostseg Chapters(00:00) - TAP 491 (00:38) - Top stories preview (03:23) - OnPay support story (04:08) - Finance team of one (06:49) - LLMs vs humans benchmarks (09:15) - Ramp Stack agents (13:04) - Digits interview begins (19:55) - Outcome pricing and skills (28:05) - Livestream Q&A reactions (29:27) - Future of audit Oath (30:29) - Oath AI Audit Vision (31:46) - Continuous Audit Workflow (32:21) - Business Model Debate (33:02) - Big Four On Alert (33:07) - Accounting Engineer Hiring (33:47) - KPMG Courts AI Startups (35:15) - Talent Shortage Worsens (36:31) - Why Seniors Are Scarce (39:55) - Ramp Stack AI Agents (47:14) - Procurement Agents And Valuation (48:50) - KPMG Token Maxing Dashboard (52:31) - KPMG Australia Fallout (54:45) - Trump Tax Settlement Update (56:14) - IRS Leadership Vacuum (59:28) - Wrap Up And Earmark News   Show Notes Digits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountants https://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmark Ramp Launches Stack, an AI Operating System for Accounting Firms https://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.html Ramp Launches Fleet of AI Agents Across Its Procurement Platform https://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.html Ramp Raises $750 Million Series F at $44 Billion Valuation https://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html Accounting Talent Shortage Surges — Accounting Today https://www.accountingtoday.com/news/accounting-talent-shortage-surges Ex-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automation https://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath KPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Times https://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 Insider https://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html Amazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxing https://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189 KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/ Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimony https://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html Bessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutiny https://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast...

    1 Std. 2 Min.
  6. What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting

    5. Juni

    What 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. SponsorsCanopy - http://accountingpodcast.promo/canopyOnPay - http://accountingpodcast.promo/onpayC&R Consulting - http://accountingpodcast.promo/cnrMaxima.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 AI https://www.privatefundscfo.com/eisneramper-on-accounting-for-ai/ State Societies Merge to Form New England Society of CPAs https://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 https://www.goingconcern.com/starbucks-kills-off-its-automated-counting-ai-tool-after-just-9-months-because-it-sucked-at-counting/ NASBA's CPA Exam Reporting Problems Are Improving, But Not Solved https://www.accountingtoday.com/opinion/nasbas-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 Happen https://www.nytimes.com/2026/05/03/opinion/ai-jobs-unemployment.html Microsoft Cut Its Engineers Off from AI Because the Bill Got Too Big https://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 Lawsuit https://www.notus.org/donald-trump/trump-irs-suit-investigate-collusion Newsom Vows California Will Impose 100% Tax on Trump's Anti-Weaponization Fund https://abc7.com/post/newsom-vows-california-will-impose-100-tax-trumps-18-billion-anti-weaponization-fund/19188298/ AICPA Backs Bill Limiting Beneficial Ownership Reporting https://www.accountingtoday.com/news/aicpa-backs-bill-limiting-beneficial-ownership-reporting KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/ Xero FY26 Result: Revenue Surges 31% but Profit Dips Due to Melio Acquisition Costs https://www.fool.com.au/2026/05/14/xero-fy26-result-revenue-surges-31-but-profit-dips-due-to-melio-acquisition-costs/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:

    1 Std. 5 Min.
  7. Intuit Stock Gets Hammered & Trump's Wild IRS Settlement

    29. Mai

    Intuit 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. SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casThe Value Builder System - http://accountingpodcast.promo/valueOnPay - http://accountingpodcast.promo/onpayMaxima. 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 Backlash https://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 https://www.securitiesdocket.com/2026/05/08/u-s-audit-watchdog-should-rescind-its-independence-rules-sec-official-says-wsj/ The SEC's New SOX Group – Potential Impacts for Audit Firms, Their Professionals, and Future PCAOB Enforcement https://www.kslaw.com/news-and-insights/the-secs-new-sox-group-potential-impacts-for-audit-firms-their-professionals-and-future-pcaob-enforcement IRS to Develop System to Track Missing Payments, TIGTA Says https://www.thetaxadviser.com/news/2026/may/irs-to-develop-system-to-track-missing-payments-tigta-says/ 78% of Tax Pros Say Tax Season Negatively Impacts Personal and Professional Life https://www.cpapracticeadvisor.com/2026/05/26/78-of-tax-pros-say-that-tax-season-negatively-impacts-personal-professional-life/183912/ California Proposes Tax on All Digital Software Sales https://www.techtimes.com/articles/316734/20260516/californias-725-saas-tax-would-hit-every-business-running-microsoft-salesforce-workday.htm EY Gets Busted and Yeets Cybersecurity Report Littered With AI Hallucinations https://www.goingconcern.com/ey-gets-busted-and-yeets-cybersecurity-report-littered-with-ai-hallucinations/ Investigation: Hallucinations in Ernst & Young Report on Loyalty Fraud https://gptzero.me/investigations/ey Is AI Putting Graduates Out of Work Already? https://www.economist.com/finance-and-economics/2025/03/27/is-ai-putting-graduates-out-of-work-already Musk's xAI Fails to Pay Staff $420 for Giving Tax Returns to Grok https://www.bloomberg.com/news/articles/2026-05-18/musk-s-xai-promised-staff-420-for-their-tax-returns-hasn-t-paid SpaceX Files for IPO https://spacenews.com/spacex-files-for-ipo/ Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser:

    54 Min.
  8. Is GAAP Inflating the AI Bubble?

    26. Mai

    Is 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. SponsorsDigits - http://accountingpodcast.promo/digitsR.E. Cost Seg - http://accountingpodcast.promo/recostsegOnPay - 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 https://siliconangle.com/2026/03/31/openai-just-closed-record-breaking-122b-funding-round-brings-value-852b/ Alphabet and Amazon Stakes in Anthropic Boost Profits by Billions https://www.bloomberg.com/news/articles/2025-10-31/alphabet-amazon-stakes-in-anthropic-boost-profit-by-billions Half of Google's and Amazon's 'Blowout AI Profits' Came From a Stake in Anthropic https://fortune.com/2026/04/30/google-amazon-ai-profits-anthropic-stake-bubble-earnings-2026/ What Microsoft's 10-Q Says About OpenAI https://om.co/2026/05/01/what-microsofts-10-q-says-about-openai/ OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts https://techcrunch.com/2026/05/15/openai-launches-chatgpt-for-personal-finance-will-let-you-connect-bank-accounts/ Introducing Claude for Small Business https://www.anthropic.com/news/claude-for-small-business Sasha Orloff (Puzzle) LinkedIn Post: Klarna, AI Agent Costs, and Accounting Quality Risk https://www.linkedin.com/in/sashaorloff Klarna Reverses Course on AI Customer Support, Resumes Human Hiring https://www.customerexperiencedive.com/news/klarna-reinvests-human-talent-customer-service-AI-chatbot/747586/ Khosla Ventures Is Betting $10M on Ian Crosby, Whose Last Startup Bench Imploded https://techcrunch.com/2026/05/14/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.comSubscribe 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026Flowglad - https://cal.com/team/flowglad/flowglad 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 liste...

    56 Min.

Info

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

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