Tips to Roll Out AI In Your Firm, AI Squeezing Audit Fees

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Tips to Roll Out AI In Your Firm, AI Squeezing Audit Fees

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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.SponsorsDigits - http://accountingpodcast.promo/digitsThomson Reuters - http://accountingpodcast.promo/taxautomationOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(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 NotesNRF: Halloween spending to remain strong, reach $13.5Bhttps://chainstoreage.com/nrf-halloween-spending-remain-strong-reach-135bToo interconnected to fail? New paper connects the AI dotshttps://www.axios.com/2026/09/21/ai-finance-credit-circularThe AI gold rush has a dress code: steel-toe bootshttps://finance.yahoo.com/economy/articles/ai-gold-rush-dress-code-233725771.html40% of Small Businesses Lack Cash Reserves to Survive a Month of Late Client Paymentshttps://www.cpapracticeadvisor.com/2026/09/21/40-of-small-businesses-lack-cash-reserves-to-survive-a-month-of-late-client-payments/190371/AI Future Savings Is Latest Ebitda Tweak to Jolt Debt Investorshttps://www.bloomberg.com/news/articles/2026-09-17/ai-future-savings-is-latest-ebitda-tweak-to-jolt-debt-investorsHow to run a SOPathon: The missing first step in every AI strategyhttps://www.accountingweb.co.uk/community/industry-insights/how-to-run-a-sopathon-the-missing-first-step-in-every-ai-strategyThe 3-phase roadmap every accounting firm needs before AI delivershttps://www.accountingtoday.com/opinion/the-3-phase-roadmap-every-accounting-firm-needs-before-ai-deliversProcess Street MCP Serverhttps://www.process.st/help/docs/mcp-server/Christina Ho's next acthttps://www.cfobrew.com/stories/christina-hos-next-actAI sounds the death knell for audit fee inflationhttps://www.ft.com/content/80d02797-9a54-47e0-8bc3-a7144354da93Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He's Still Fightinghttps://www.cpapracticeadvisor.com/2026/07/23/tennessee-farmer-tried-to-return-20000-to-irs-years-later-hes-still-fighting/187281/OnlyFans content creator pleads guilty to tax evasionhttps://www.irs.gov/compliance/criminal-investigation/onlyfans-content-creator-pleads-guilty-to-tax-evasionMercury Launches Intelligent Accounting with Mercury Bookshttps://www.morningstar.com/news/business-wire/20260916850195/mercury-launches-intelligent-accounting-with-mercury-booksNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks 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.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpo...

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