Could AI-generated fake receipts upend expense reporting as we know it? In this eye-opening episode, Blake and David demonstrate live how easy it's becoming to create convincing financial documents with AI—from receipts to audit opinions. They break down why Trump's new "reciprocal" tariffs aren't what they seem (complete with meaningless Greek symbols) and how they're already triggering market turbulence. You'll also learn why the federal government is ending paper checks by September, potentially saving hundreds of millions while reducing fraud by 16x. Plus, discover why Signal might be the most secure messaging option for your sensitive client communications. Whether you're concerned about fraud detection, economic impacts on your clients, or evolving professional standards, this episode delivers practical insights for navigating today's rapidly changing landscape.
Sponsors
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Show Notes
ChatGPT’s new image generator is really good at faking receipts
https://techcrunch.com/2025/03/31/chatgpts-new-image-generator-is-really-good-at-faking-receipts/
Markets Swing Wildly After Trump Holds His Ground on Tariff Plan
https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-07-25
Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade
https://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/
Stellantis to temporarily lay off 900 US workers as tariffs bite
Modernizing Payments To and From America’s Bank Account
The Trump Administration Accidentally Texted Me Its War Plans
@parkerconrad Tweet: Rippling sued @Deel today …
https://x.com/parkerconrad/status/1901615179718406276
Scoop: Fashion startup accuses founder of misconduct, after raising $534 million
https://www.axios.com/2025/03/31/scoop-caastle-founder-hunsicker-misconduct
The $7 Billion Defense Contractor Who Became One of America’s Biggest Alleged Tax Cheats
https://www.wsj.com/us-news/law/douglas-edelman-alleged-tax-fraud-who-ee65ea61
Deloitte is planning layoffs after a federal crackdown on consulting contracts
https://finance.yahoo.com/news/deloitte-planning-layoffs-federal-crackdown-063253531.html
DOGE’s private contract crackdown has eliminated more than 120 Deloitte contracts—more than twice the amount of any other consultancy
https://fortune.com/2025/04/03/doge-private-contract-crackdown-deloitte-consultancies/
Probationary IRS workers will be back to work before Tax Day: Trial Balance
IRS sharing info with ICE would put illegal immigrants between 'rock and a hard place': expert
https://www.yahoo.com/news/irs-sharing-ice-put-illegal-130026839.html
Georgia, Indiana join growing band of states to pass CPA licensure laws
I Quit my Big 4 Accounting Job to Fry Chicken and Will Never Go Back …
https://www.businessinsider.com/quit-big-four-accounting-fry-chicken-never-go-back-2025-4
Local firm slashes staff starting salaries
https://www.accountingtoday.com/opinion/local-firm-slashes-staff-starting-salaries
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