Could AI make a one-person audit firm possible—and what happens if the data-center boom slows down first? Blake and David examine the AI economy’s circular debt, the construction ripple effects of a pullback, and practical ways firms can document workflows before automating them. They also cover AI-powered continuous audits, Mercury’s new general ledger, and tax evasion headlines.
Chapters
Sponsors
Digits - http://accountingpodcast.promo/digits
Thomson Reuters - http://accountingpodcast.promo/taxautomation
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Digits - http://accountingpodcast.promo/digits
Thomson Reuters - http://accountingpodcast.promo/taxautomation
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters
- (00:00) - OnlyFans Tax Evasion
- (00:27) - Podcast Welcome Halloween
- (04:02) - News Lineup
- (06:34) - AI Bubble Warning
- (14:14) - AI Adjusted EBITDA
- (18:07) - SOP Marathon For AI
- (21:19) - AI SOP Workflow Tip
- (26:41) - Christina Ho AI Audits
- (29:22) - Audit Fees Under AI
- (29:55) - Audit Fees Surge
- (30:57) - AI Disrupts Audits
- (33:56) - Solo CPA Audit Firm
- (35:26) - Who Wins and Loses
- (35:52) - Audit Demand Explained
- (36:40) - Tech Enables New Entrants
- (38:26) - Audit Like Cloud Accounting
- (42:00) -
- (43:03) - IRS Refund Nightmare
- (44:33) - OnlyFans Tax Evasion
- (46:51) - Punishing Financial Crime
- (49:59) - Mercury Launches Books
- (52:22) - Can Banks Compete
- (54:33) - Is Mercury Enough
- (56:44) - Wrap Up and CPE
Show Notes
NRF: Halloween spending to remain strong, reach $13.5B
Too interconnected to fail? New paper connects the AI dots
The AI gold rush has a dress code: steel-toe boots
40% of Small Businesses Lack Cash Reserves to Survive a Month of Late Client Payments
AI Future Savings Is Latest Ebitda Tweak to Jolt Debt Investors
How to run a SOPathon: The missing first step in every AI strategy
The 3-phase roadmap every accounting firm needs before AI delivers
Process Street MCP Server
Christina Ho's next act
AI sounds the death knell for audit fee inflation
Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He's Still Fighting
OnlyFans content creator pleads guilty to tax evasion
Mercury Launches Intelligent Accounting with Mercury Books
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.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
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
