The Accounting Podcast

Blake Oliver & David Leary
  • 4.4 (343)
  • Business News
  • Updated Weekly

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. AICPA Says By 2040 Compliance Will Be Automated

    2d ago

    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 -

    1h 8m
  2. AI Beats Humans at Bookkeeping & Powers Finance Team of One

    Jun 10

    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. 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/OvercastWant 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.l...

    1h 2m
  3. What CBIZ Means for PE, Starbucks Kills Off AI Inventory Counting

    Jun 5

    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:

    1h 5m
  4. Intuit Stock Gets Hammered & Trump's Wild IRS Settlement

    May 29

    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
  5. Is GAAP Inflating the AI Bubble?

    May 26

    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
  6. SEC Prepares for Semi-Annual Reporting & the True Cost of the Iran War

    May 18

    SEC Prepares for Semi-Annual Reporting & the True Cost of the Iran War

    Could public companies stop reporting every quarter? Blake and David break down the SEC’s push toward optional semiannual reporting, OpenAI’s new consulting arm, and what both moves could mean for accountants. They also cover tariff refund accounting, audit lawsuits, AI outperforming doctors in diagnosis tests, and why accountants may be better positioned than ever to build software and solve higher-value problems. SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casOnPay - http://accountingpodcast.promo/onpay C&R Consulting - http://accountingpodcast.promo/cnrFishbowl - http://accountingpodcast.promo/fishbowl Chapters(00:00) - TAP 487 (02:52) - Semiannual reporting shift (06:46) - OpenAI enters consulting (09:59) - True cost of Iran war (15:40) - Xero founder scandal (18:42) - Tariffs and refund accounting (24:51) - WNBA millionaire tax myth (28:18) - NYC pied a terre tax (31:42) - Education loans and accounting (34:58) - Chat Prompts Cyber Accounting (36:15) - PwC Audit Scandal Lawsuit (38:17) - BDO First Brands Fallout (40:50) - PCAOB QC Rule Debate (44:34) - RSM Layoffs Audit Demand (46:54) - AI Beats ER Doctors (49:18) - Chegg Disrupted By AI (51:13) - Rethinking Education Model (53:17) - Accountants As Vibe Coders (56:55) - Build Accounting In Excel (01:01:44) - Wrap Up CPE And Travel   Show Notes SEC, FASB Prepare for Semi-Annual Reporting Option https://www.accountingtoday.com/news/sec-fasb-prepare-for-semi-annual-reporting-option OpenAI Launches the OpenAI Deployment Company to Help Businesses Build Around Intelligence https://openai.com/index/openai-launches-the-deployment-company/ Opinion | The Iran War Will Cost Trillions https://www.nytimes.com/2026/05/08/opinion/hegseth-war-cost.html Global Economic Conditions Survey: Q1 2026 https://www.accaglobal.com/us/en/professional-insights/global-economics/gecs-q1-2026.html Xero Founder Sir Rod Drury Returns New Zealander of the Year Award Amid Misconduct Claims https://www.rnz.co.nz/news/business/594669/xero-founder-sir-rod-drury-returns-new-zealander-of-the-year-award-amid-misconduct-claims Refunds on Trump Tariffs Pose Accounting Dilemmas for Companies https://news.bloombergtax.com/financial-accounting/refunds-on-trump-tariffs-pose-accounting-dilemmas-for-companies WNBA Star Kelsey Plum Shows Embarrassing Lack of Tax Knowledge https://thespun.com/wnba/wnba-star-kelsey-plum-shows-embarrassing-lack-of-tax-knowledge Column: WNBA Star Kelsey Plum Is Taking Heat for Getting California Tax Law Wrong. But Don't Blame Her https://www.cpapracticeadvisor.com/2026/05/06/column-wnba-star-kelsey-plum-is-taking-heat-for-getting-california-tax-law-wrong-but-dont-blame-her/182897/ New York's Pied-a-Terre Tax Sets Up Legal Fight Over Values https://www.cnbc.com/2026/04/24/new-york-pied-a-terre-tax.html Education Dept. Rejects Accounting as Professional Degree https://www.accountingtoday.com/news/education-dept-rejects-accounting-as-professional-degree Corporate Travel's Accounting Shock: What It Means for PwC and the Wider Industry https://www.corporatekeysaustralia.com.au/accommodation/news/corporate-travels-accounting-shock-what-it-means-for-pwc-and-the-wider-industry First Brands Creditor Sues Auditor BDO Over Missed Red Flags https://news.bloombergtax.com/financial-accounting/first-brands-creditor-sues-auditor-bdo-over-missed-red-flags Layoff Watch '26: RSM Trims Down in Audit https://www.goingconcern.com/layoff-watch-26-rsm-trims-down-in-audit/ AI Is Starting to Beat Doctors at Making Correct Diagnoses https://www.science.org/content/article/ai-starting-beat-doctors-making-correct-diagnoses Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow https://www.barchart.com/story/news/1744436/chegg-was-dying-way-before-chatgpt-chatbots-just-dealt-the-fatal-blow Anthropic's Boris Cherny: Why Coding Is Solved, and What Comes Next https://www.youtube.com/watch?v=SlGRN8jh2RI 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 -

    1h 4m
  7. An AI-Powered Firm of One, KPMG Shuts Down Fed Audits

    May 7

    An AI-Powered Firm of One, KPMG Shuts Down Fed Audits

    SponsorsOnPay - http://accountingpodcast.promo/onpayR.E. Cost Seg - http://accountingpodcast.promo/recostsegC&R Consulting - http://accountingpodcast.promo/cnrFishbowl - http://accountingpodcast.promo/fishbowl Chapters(00:00) - TAP 486 (02:25) - Firm of One AI Tax (04:39) - Automating Firm Ops (09:35) - Claude Connectors Tested (17:45) - Sage Buys Doyen AI (19:48) - AI Efficiency Paradox (22:06) - Vibe Coding for CAS (26:06) - KPMG Federal Audit Exit (29:02) - Tariff Refund Lawsuits (31:15) - Tariffs and Job Losses (33:01) - IRS Lawsuit Snag (33:28) - Hearing Conflict Question (33:49) - Nonprofit Form 990 Shakeup (37:30) - Autofill Tax Return Bill (38:54) - IRS Whistleblower Boost (40:38) - Fed Nominee And Rates (42:39) - Jobs Data Doesn’t Add Up (44:28) - Intuit Hiring And Benefits (47:26) - Canopy AI Coworker Agents (52:34) - AI Meeting Notes To Tasks (54:58) - Procrastination Pays In AI (58:42) - Wrap Up CPE And Events   Show Notes The 2026 Best Accounting Firms for Technology https://www.accountingtoday.com/list/the-2026-best-accounting-firms-for-technology AI Can Boost Productivity, but Who Sustains the Customer Economy? https://www.accountingtoday.com/opinion/ai-can-boost-productivity-but-who-sustains-the-customer-economy Sage Acquires Doyen AI to Help SMBs Migrate and Go Live Faster with AI https://www.sage.com/en-us/news/press-releases/2026/04/sage-acquires-doyen-ai-to-help-smbs-migrate-and-go-live-faster-with-ai/ KPMG Closes U.S. Federal Audit Practice, Trims Advisory Staff https://www.accountingtoday.com/news/kpmg-closes-u-s-federal-audit-practice-trims-advisory-staff Gamers Sue Nintendo Over Tariff Refunds https://www.gamefile.news/p/gamers-sue-nintendo-over-tariff-refunds No, Tariffs Are Not Strengthening the Economy https://fortune.com/2026/04/29/tariffs-not-strengthening-economy-trump-trade-war-data/ Trump's $10 Billion IRS Suit Hits Snag with Skeptical Judge https://www.cpapracticeadvisor.com/2026/04/27/trumps-10-billion-irs-suit-hits-snag-with-skeptical-judge/182256/ IRS to Revamp Form 990 to Require More Info from Charities https://www.accountingtoday.com/news/irs-to-revamp-form-990-to-require-more-info-from-charities Congressman Introduces Bill to Autofill Tax Forms https://www.accountingtoday.com/news/congressman-introduces-bill-to-autofill-tax-forms House Passes IRS Whistleblower Program Improvement Act https://www.accountingtoday.com/news/house-passes-irs-whistleblower-improvement-act Accountant Job Outlook & Demand Report 2026 https://www.intuit.com/blog/innovative-thinking/accountant-job-outlook-demand-report/ 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 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

    1h 4m
  8. KPMG Lays Off 10% Audit Partners, Best AI Still Fails 1/5 Accounting Tasks

    May 2

    KPMG Lays Off 10% Audit Partners, Best AI Still Fails 1/5 Accounting Tasks

    What does it mean when Big Four partners can be demoted—and AI still gets 1 in 5 accounting tasks wrong? Blake and David unpack KPMG’s audit partner cuts, EY and KPMG’s quiet partner demotions in the UK, PwC’s return-to-office push, and why firms like Decimal are rethinking tech-driven bookkeeping. They also debate AI’s limits in accounting, explore the future of CPE after a surprising Nasba warning, and explain what these shifts mean for accountants building their careers. SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casOnPay - http://accountingpodcast.promo/onpayFishbowl - http://accountingpodcast.promo/fishbowl Chapters(00:00) - TAP 485 (01:47) - Bookkeeping Market Shakeup (02:38) - Decimal Pivots to Franchising (05:31) - AI Accuracy Reality Check (07:57) - Inventory Counts Still Human (10:28) - H&R Block Goes Year Round (11:55) - AI CEO Experiments and Limits (16:34) - Earmark Sponsor and NASBA Letter (21:37) - Context and CPE Reform Debate (26:11) - CPE Checkbox Culture (28:11) - Fixing CPE With AI (32:07) - Live Chat and Teams CPE (34:37) - Sponsor OnPay Break (35:51) - Big Four Partner Cuts (41:27) - AI Predicts Misstatements (43:31) - Sponsor Fishbowl Break (44:55) - Where Accountants Are Missing (48:39) - 150 Hour Rule Changes (49:19) - Wrap Up and Thanks   Show Notes The Best AI Model Still Fails 1 in 5 Accounting Tasks https://www.cfo.com/news/the-best-ai-model-still-fails-1-in-5-accounting-tasks-Claude-Opus-OpenAI-GPT/818100/ DualEntry AI Accounting Benchmark (Claude Opus 4.7 Results) https://www.dualentry.com/blog/claude-opus-4-7-accounting-ai-benchmark-results The Least Glamorous Side of Accounting That Still Can't Be Automated https://controllerscouncil.org/the-least-glamorous-side-of-accounting-that-still-cant-be-automated/ Decimal Sells Its Accounting Firm to Franchise the Operating System Behind It https://www.prnewswire.com/news-releases/decimal-sells-its-accounting-firm-to-franchise-the-operating-system-behind-it-302753690.html Collective Acquires Open Ledger to Accelerate All-in-One Financial Solution for Solopreneurs https://www.axios.com/pro/fintech-deals/2026/04/22/collective-open-ledger-acquisition H&R Block Wants to Be More Than a Tax Company https://fortune.com/article/hr-block-tax-year-round-financial-adviser-fintech-innovation/ An AI Agent Takes Over a Store and Orders Too Many Candles https://www.bloomberg.com/news/articles/2026-04-23/an-ai-agent-takes-over-a-store-and-orders-too-many-candles-mobwrfw2 Customers Bank CEO Uses AI Clone on Earnings Call, Signs OpenAI Deal https://www.cnbc.com/2026/04/27/openai-partners-with-customers-bank-in-push-to-automate-finance.html KPMG Lays Off 10% of US Audit Partners https://www.accountingtoday.com/news/kpmg-lays-off-10-of-us-audit-partners KPMG and EY Demote Partners in End of Job-for-Life Model in UK https://www.irishtimes.com/business/work/2026/04/24/kpmg-and-ey-demote-partners-in-end-of-job-for-life-model-in-uk/ PwC Tells Remote Tax Staff to Get Their Butts Into the Office https://www.goingconcern.com/pwc-tells-remote-tax-staff-to-get-their-butts-into-the-office/ PwC Pays $166 Million to Settle HK Evergrande Audit Probe https://www.bloomberg.com/news/articles/2026-04-23/pwc-agrees-to-pay-166-million-to-close-evergrande-probe-in-hk Predicting Material Misstatements Using Machine Learning (Phys.org summary) https://phys.org/news/2026-predicting-material-misstatements-machine-learning.html Is Your State Running Low on Accountants? (Sam's List Accountant Shortage Index) https://www.cpapracticeadvisor.com/2026/04/21/is-your-state-running-out-of-accountants/181991/ Kentucky Passes CPA Licensure Modernization Bill https://www.accountingtoday.com/news/kentucky-passes-cpa-pathway-bill 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:

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About

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.

Information

  • Creator
    Blake Oliver & David Leary
  • Years Active
    2017 - 2026
  • Episodes
    603
  • Rating
    Clean
  • Copyright
    © 2023 Earmark Media LLC
  • Show Website
    The Accounting Podcast

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