The Accounting Podcast

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.


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

 

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

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

AI-Generated "Workslop" Is Destroying Productivity 

97% say CPA firms not using tech efficiently says survey 

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

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

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

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

Drake Software Introduces Drake Tax Online 

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

NASBA, AICPA release proposed revisions to CPE standards 

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

 

H-1B FAQ

 

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