<p>Can AI now do bookkeeping better than humans? Blake and David dig into new data showing major AI models outperforming outsourced accountants on basic transaction coding, then explore what that means for firms, finance teams, and the future of audit. They also cover a one-person finance team powered by AI agents, KPMG’s scramble to keep up, and why the accounting talent shortage still isn’t going away.</p><p><br></p><p><strong>Sponsors</strong><br>OnPay - <a href="http://accountingpodcast.promo/onpay">http://accountingpodcast.promo/onpay</a><br>The Value Builder System - <a href="http://accountingpodcast.promo/value">http://accountingpodcast.promo/value</a><br>R.E. Cost Seg - <a href="http://accountingpodcast.promo/recostseg">http://accountingpodcast.promo/recostseg</a></p><br><strong>Chapters</strong><br><ul><li>(00:00) - TAP 491</li> <li>(00:38) - Top stories preview</li> <li>(03:23) - OnPay support story</li> <li>(04:08) - Finance team of one</li> <li>(06:49) - LLMs vs humans benchmarks</li> <li>(09:15) - Ramp Stack agents</li> <li>(13:04) - Digits interview begins</li> <li>(19:55) - Outcome pricing and skills</li> <li>(28:05) - Livestream Q&amp;A reactions</li> <li>(29:27) - Future of audit Oath</li> <li>(30:29) - Oath AI Audit Vision</li> <li>(31:46) - Continuous Audit Workflow</li> <li>(32:21) - Business Model Debate</li> <li>(33:02) - Big Four On Alert</li> <li>(33:07) - Accounting Engineer Hiring</li> <li>(33:47) - KPMG Courts AI Startups</li> <li>(35:15) - Talent Shortage Worsens</li> <li>(36:31) - Why Seniors Are Scarce</li> <li>(39:55) - Ramp Stack AI Agents</li> <li>(47:14) - Procurement Agents And Valuation</li> <li>(48:50) - KPMG Token Maxing Dashboard</li> <li>(52:31) - KPMG Australia Fallout</li> <li>(54:45) - Trump Tax Settlement Update</li> <li>(56:14) - IRS Leadership Vacuum</li> <li>(59:28) - Wrap Up And Earmark News</li> </ul> <p><br></p><p><strong>Show Notes<br></strong><br></p><p>Digits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountants</p><p><a href="https://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmark">https://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmark</a></p><p><br>Ramp Launches Stack, an AI Operating System for Accounting Firms</p><p><a href="https://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.html">https://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.html</a></p><p><br>Ramp Launches Fleet of AI Agents Across Its Procurement Platform</p><p><a href="https://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.html">https://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.html</a></p><p><br>Ramp Raises $750 Million Series F at $44 Billion Valuation</p><p><a href="https://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html">https://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.html</a></p><p><br>Accounting Talent Shortage Surges — Accounting Today</p><p><a href="https://www.accountingtoday.com/news/accounting-talent-shortage-surges">https://www.accountingtoday.com/news/accounting-talent-shortage-surges</a></p><p><br>Ex-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automation</p><p><a href="https://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath">https://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oath</a></p><p><br>KPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Times</p><p><a href="https://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/">https://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/</a></p><p><br>KPMG Sets 75% AI Usage Target with New Dashboard, Employees Flag It's Easy to Game — Business Insider</p><p><a href="https://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html">https://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.html</a></p><p><br>Amazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxing</p><p><a href="https://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189">https://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189</a></p><p><br>KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandal</p><p><a href="https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/">https://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/</a></p><p><br>Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimony</p><p><a href="https://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html">https://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.html</a></p><p><br>Bessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutiny</p><p><a href="https://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html">https://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.html</a></p><p><br><strong>Need CPE?</strong></p><p>Get CPE for listening to podcasts with Earmark: <a href="https://earmarkcpe.com/">https://earmarkcpe.com</a><br>Subscribe to the Earmark Podcast: <a href="https://podcast.earmarkcpe.com/">https://podcast.earmarkcpe.com</a></p><p><br></p><p><strong>Get in Touch</strong></p><p>Thanks for listening and the great reviews! We appreciate you! Follow and tweet <a href="https://twitter.com/blaketoliver/">@BlakeTOliver</a> and <a href="https://twitter.com/davidleary/">@DavidLeary</a>. Find us on <a href="https://www.facebook.com/CloudAccountingPodcast/">Facebook</a> and <a href="https://www.instagram.com/cloudacctpod/">Instagram</a>. If you like what you hear, please do us a favor and write a review on <a href="https://itunes.apple.com/us/podcast/cloud-accounting-podcast/id1312460765?mt=2">Apple Podcasts</a> or <a href="https://www.podchaser.com/podcasts/cloud-accounting-podcast-588480">Podchaser</a>. Call us and leave a voicemail; maybe we'll play it on the show. <strong>DIAL (202) 695-1040.</strong></p><p><br></p><p><strong>Sponsorships</strong></p><p>Are you interested in sponsoring The Accounting Podcast? For details, <a href="https://earmarkcpe.promo/EarmarkMediaKit">read the prospectus</a>.</p><p><br></p><p><strong>Need Accounting Conference Info? </strong></p><p>Check out our new website - <a href="https://accountingconferences.com/">accountingconferences.com</a></p><p><br></p><p><strong>Limited edition shirts, stickers, and other necessities</strong></p><p>TeePublic Store: <a href="http://cloudacctpod.link/merch">http://cloudacctpod.link/merch</a></p><p><br></p><p><strong>Subscribe</strong></p><ul><li>Apple Podcasts: <a href="http://cloudacctpod.link/ApplePodcasts">http://cloudacctpod.link/ApplePodcasts</a></li><li>YouTube: <a href="https://www.youtube.com/@TheAccountingPodcast">https://www.youtube.com/@TheAccountingPodcast</a></li><li>Spotify: <a href="http://cloudacctpod.link/Spotify">http://cloudacctpod.link/Spotify</a></li><li>Podchaser: <a href="http://cloudacctpod.link/Overcast">http://cloudacctpod.link/podchaser</a></li><li>Stitcher: <a href="http://cloudacctpod.link/Stitcher">http://cloudacctpod.link/Stitcher</a></li><li>Overcast: <a href="http://cloudacctpod.link/Overcast">http://cloudacctpod.link/Overcast&lt;...</a></li></ul>

The Accounting Podcast

Blake Oliver & David Leary

AI Beats Humans at Bookkeeping & Powers Finance Team of One

JUN 10, 202661 MIN
The Accounting Podcast

AI Beats Humans at Bookkeeping & Powers Finance Team of One

JUN 10, 202661 MIN

Description

Can AI now do bookkeeping better than humans? Blake and David dig into new data showing major AI models outperforming outsourced accountants on basic transaction coding, then explore what that means for firms, finance teams, and the future of audit. They also cover a one-person finance team powered by AI agents, KPMG’s scramble to keep up, and why the accounting talent shortage still isn’t going away.SponsorsOnPay - http://accountingpodcast.promo/onpayThe Value Builder System - http://accountingpodcast.promo/valueR.E. Cost Seg - http://accountingpodcast.promo/recostsegChapters(00:00) - TAP 491 (00:38) - Top stories preview (03:23) - OnPay support story (04:08) - Finance team of one (06:49) - LLMs vs humans benchmarks (09:15) - Ramp Stack agents (13:04) - Digits interview begins (19:55) - Outcome pricing and skills (28:05) - Livestream Q&A reactions (29:27) - Future of audit Oath (30:29) - Oath AI Audit Vision (31:46) - Continuous Audit Workflow (32:21) - Business Model Debate (33:02) - Big Four On Alert (33:07) - Accounting Engineer Hiring (33:47) - KPMG Courts AI Startups (35:15) - Talent Shortage Worsens (36:31) - Why Seniors Are Scarce (39:55) - Ramp Stack AI Agents (47:14) - Procurement Agents And Valuation (48:50) - KPMG Token Maxing Dashboard (52:31) - KPMG Australia Fallout (54:45) - Trump Tax Settlement Update (56:14) - IRS Leadership Vacuum (59:28) - Wrap Up And Earmark News  Show NotesDigits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountantshttps://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmarkRamp Launches Stack, an AI Operating System for Accounting Firmshttps://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.htmlRamp Launches Fleet of AI Agents Across Its Procurement Platformhttps://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.htmlRamp Raises $750 Million Series F at $44 Billion Valuationhttps://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.htmlAccounting Talent Shortage Surges — Accounting Todayhttps://www.accountingtoday.com/news/accounting-talent-shortage-surgesEx-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automationhttps://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oathKPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Timeshttps://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/KPMG Sets 75% AI Usage Target with New Dashboard, Employees Flag It's Easy to Game — Business Insiderhttps://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.htmlAmazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxinghttps://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandalhttps://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimonyhttps://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.htmlBessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutinyhttps://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.htmlNeed 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://cloudacctpod.link/Overcast<...