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The Accounting Podcast
Blake Oliver & David Leary
565 episodes
1 day ago
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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All content for The Accounting Podcast is the property of Blake Oliver & David Leary and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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.
Show more...
Business News
News,
News Commentary
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Deloitte Caught Making AI Workslop, IRS Shutdown Continues
The Accounting Podcast
1 hour 4 minutes
3 weeks ago
Deloitte Caught Making AI Workslop, IRS Shutdown Continues

Could an AI catch what auditors and a CFO missed? This week, Blake and David unpack how a founder used Claude to scan QuickBooks and uncover a $2.1M embezzlement in 18 minutes. They also tackle Deloitte’s AI ‘workslop’ refund, shutdown-driven IRS and air travel woes, the IRS’s new “CEO” and crypto ties, OpenAI’s personal finance play, EY’s audit rebound, BDO’s ESOP squeeze, and crypto funds courting CPA clients.

Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Rippling - http://accountingpodcast.promo/rippling
Assembly - http://accountingpodcast.promo/assembly


Chapters
  • (01:35) - Deloitte's AI Report Scandal
  • (09:05) - Government Shutdown Impact on IRS and Air Travel
  • (23:56) - AI in Accounting: Risks and Opportunities
  • (34:49) - Competing with the Status Quo
  • (35:38) - Pricing Bookkeeping Services
  • (36:31) - Standardizing Services Based on Price
  • (37:14) - Client Needs vs. Service Offerings
  • (38:00) - The Monthly Close Obsession
  • (40:01) - Broken Charts in Financial Reports
  • (43:15) - Cracker Barrel Logo Controversy
  • (47:08) - EY's Audit Quality Turnaround
  • (49:53) - Crypto Investment Schemes
  • (55:48) - BDO's Financial Struggles
  • (01:00:34) - Conclusion and Announcements
 


Show Notes

Deloitte to partially refund Australia for report with apparent AI-generated errors
https://abcnews.go.com/Technology/wireStory/deloitte-partially-refund-australian-government-report-apparent-ai-126281611

Claude Exposed My Co-Founder's $2M Theft — AI Evidence Turned Into Lawsuit
https://techbullion.com/claude-exposed-my-co-founders-2m-theft-ai-evidence-turned-into-lawsuit/

New Research: 20% of Americans use AI tools 10X+/month, but growth is slowing and traditional search hasn't dipped
https://sparktoro.com/blog/new-research-20-of-americans-use-ai-tools-10x-month-but-growth-is-slowing-and-traditional-search-hasnt-dipped/

The Danger of Bad Charts
https://www.cpajournal.com/2025/10/10/the-danger-of-bad-charts-2/

Cracker Barrel's logo controversy was driven by bots
https://www.nrn.com/casual-dining/cracker-barrel-s-logo-controversy-was-driven-by-bots-what-operators-should-learn-from-this

Our commitment to audit quality — Ernst & Young LLP's 2025 report
https://www.ey.com/en_us/assurance/audit-quality-report

EY drops clients to improve audits after leading Big Four in deficiencies
https://www.cfobrew.com/stories/2024/08/27/ey-drops-clients-to-improve-audits-after-leading-big-four-in-deficiencies

OpenAI Buys Personal Finance App Roi
https://www.pymnts.com/acquisitions/2025/openai-buys-personal-finance-app-roi/

With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI
https://techcrunch.com/2025/10/03/with-its-latest-acqui-hire-openai-is-doubling-down-on-personalized-consumer-ai/

BDO USA Expands Professional Services Capabilities Through HORNE
https://www.bdo.com/insights/press-releases/bdo-usa-expands-professional-services-capabilities-through-horne

Auditor BDO Cuts Jobs With Focus on Managing Apollo Debt https://www.bloomberg.com/news/articles/2025-10-11/auditor-bdo-cuts-jobs-with-focus-on-managing-apollo-debt


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 ...

The Accounting Podcast
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.