<p>What happens when AI starts doing the audit work itself? Blake and David dig into KPMG’s prediction that routine audit testing could soon happen with almost no human auditors directly involved. They also cover the IRS’s unfinished AI projects, the end of Direct File, new tax-on-tips rules, and why firms investing more in marketing are growing faster. Press play to hear what these shifts could mean for accountants, firms, and clients.</p><p></p><p><strong>Sponsors</strong><br> Cloud Accountant Staffing - <a href="http://accountingpodcast.promo/cas">http://accountingpodcast.promo/cas</a><br>OnPay - <a href="http://accountingpodcast.promo/onpay">http://accountingpodcast.promo/onpay</a><br>Wurthy - <a href="http://accountingpodcast.promo/wurthy">http://accountingpodcast.promo/wurthy</a></p><br><strong>Chapters</strong><br><ul><li>(00:00) - Audits Without Humans</li>
<li>(00:22) - Tax Day Show Kickoff</li>
<li>(02:30) - When Tax Day Hit Post Office</li>
<li>(04:34) - E Filing Ends The Party</li>
<li>(05:23) - This Week Top Stories</li>
<li>(05:58) - Warehouse Fire Accounting Impact</li>
<li>(08:52) - Compliance Time Cost</li>
<li>(11:04) - No Tax On Tips Rules</li>
<li>(13:44) - IRS AI Projects Stall</li>
<li>(14:43) - Direct File Cost Debate</li>
<li>(17:30) - Xero Os Buzzword Critique</li>
<li>(20:32) - Can Ai Replace QuickBooks</li>
<li>(21:23) - Reddit Claude Accounting System</li>
<li>(22:45) - Firms Lose Stack Control</li>
<li>(23:27) - AI Makes More Cleanup</li>
<li>(23:58) - Tidwell Spreadsheet Accounting</li>
<li>(25:13) - Tax Preparer Fraud Cases</li>
<li>(27:17) - Big Four Audit Automation</li>
<li>(30:58) - EY Office Mandate and Careers</li>
<li>(34:01) - Firm Growth Marketing and AI</li>
<li>(36:19) - Audit Lawsuits and Penalties</li>
<li>(40:19) - Juno AI Tax Prep Funding</li>
<li>(42:27) - Workers Skipping AI Review</li>
<li>(44:36) - Agentic Frameworks and Omni</li>
<li>(47:19) - Wrap Up and Free CPE</li>
</ul> <p><br></p><p><strong>Show Notes</strong></p><p>How Tax Day Turned Into Party Night at the Post Office</p><p><a href="https://www.history.com/articles/tax-day-parties">https://www.history.com/articles/tax-day-parties</a></p><p>Americans to Spend 11.6 Billion Hours Completing Federal Compliance Forms</p><p><a href="https://www.cpapracticeadvisor.com/2026/03/16/americans-to-spend-11-6-billion-hours-completing-federal-compliance-forms/179866/">https://www.cpapracticeadvisor.com/2026/03/16/americans-to-spend-11-6-billion-hours-completing-federal-compliance-forms/179866/</a></p><p><br>IRS Publishes List of Jobs That Qualify for 'No Tax on Tips' Provision</p><p><a href="https://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.html">https://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.html</a></p><p><br>IRS AI Projects Fall by the Wayside Due to Staff Cuts</p><p><a href="https://www.accountingtoday.com/news/irs-ai-projects-fall-by-the-wayside-due-to-staff-cuts">https://www.accountingtoday.com/news/irs-ai-projects-fall-by-the-wayside-due-to-staff-cuts</a></p><p><br>IRS Inflated Direct File Costs by $45 Million in 2025</p><p><a href="https://www.cpapracticeadvisor.com/2026/03/25/irs-inflated-direct-file-costs-by-45-million-in-2025/180237/">https://www.cpapracticeadvisor.com/2026/03/25/irs-inflated-direct-file-costs-by-45-million-in-2025/180237/</a></p><p><br>Xero OS: Your Operating System for the Future of Autonomous Finance</p><p><a href="https://blog.xero.com/news-events/xero-os-ai-native-operating-system/">https://blog.xero.com/news-events/xero-os-ai-native-operating-system/</a></p><p><br>Tidwell — MCP Accounting Server (Reddit reference)</p><p><a href="https://www.tidwell.com">https://www.tidwell.com</a></p><p><br>Warehouse Worker Charged in $500M Arson Attack at Kimberly-Clark Distribution Center</p><p><a href="https://abc7.com/post/employee-arrested-arson-kimberly-clark-distribition-center-destroyed-massive-fire-ontario/18851549/">https://abc7.com/post/employee-arrested-arson-kimberly-clark-distribition-center-destroyed-massive-fire-ontario/18851549/</a></p><p><br>New Jersey Tax Preparer Sentenced in Largest COVID-19 Tax Relief Fraud Case</p><p><a href="https://www.justice.gov/usao-nj/pr/new-jersey-man-sentenced-prison-largest-covid-19-tax-relief-fraud-scheme-country">https://www.justice.gov/usao-nj/pr/new-jersey-man-sentenced-prison-largest-covid-19-tax-relief-fraud-scheme-country</a></p><p><br>Pennsylvania Tax Preparer Jessica Cordero Faces Federal Charges in New Fraud Scheme</p><p><a href="https://www.justice.gov/usao-edpa/pr/allentown-woman-and-two-others-charged-federal-court-wire-fraud-and-aggravated-identity">https://www.justice.gov/usao-edpa/pr/allentown-woman-and-two-others-charged-federal-court-wire-fraud-and-aggravated-identity</a></p><p><br>In This Critical Part of Audits, the Accountant's Role Is Shrinking Fast</p><p><a href="https://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5">https://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5</a></p><p><br>KPMG Plans to Cut Up to 440 Audit Jobs in UK</p><p><a href="https://www.bloomberg.com/news/articles/2026-03-27/kpmg-set-to-shed-hundreds-of-auditors-as-attrition-remains-low">https://www.bloomberg.com/news/articles/2026-03-27/kpmg-set-to-shed-hundreds-of-auditors-as-attrition-remains-low</a></p><p><br>EY Requiring U.S. Tax Staff to Work In-Person 12 Days a Month</p><p><a href="https://www.accountingtoday.com/news/ey-requiring-us-tax-staff-to-work-in-person-12-days-a-month">https://www.accountingtoday.com/news/ey-requiring-us-tax-staff-to-work-in-person-12-days-a-month</a></p><p><br>AI Is Changing How EY Recruits, Develops and Promotes Employees</p><p><a href="https://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026">https://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026</a></p><p><br>High-Growth Accounting Firms Spend Twice as Much on Marketing</p><p><a href="https://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecast">https://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecast</a></p><p><br>Evergrande Liquidators and PwC Head to Court</p><p><a href="https://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-court">https://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-court</a></p><p><br>Ontario Securities Commission Accuses KPMG of Botching Audits for Bridging Finance</p><p><a href="https://www.accountingtoday.com/news/ontario-securities-commission-accuses-kpmg-of-botching-audits-for-bridging-finance">https://www.accountingtoday.com/news/ontario-securities-commission-accuses-kpmg-of-botching-audits-for-bridging-finance</a></p><p><br>Juno Raises $12M Seed to Scale AI Tax Preparation Platform</p><p><a href="https://www.cpapracticeadvisor.com/2026/04/13/juno-raises-12m-seed-to-scale-ai-tax-preparation-platform-that-automates-90-of-busy-work/181502/">https://www.cpapracticeadvisor.com/2026/04/13/juno-raises-12m-seed-to-scale-ai-tax-preparation-platform-that-automates-90-of-busy-work/181502/</a></p><p><br>AI Slop Survey: A Third of Workers Rarely Check AI Output Before Using It</p><p><a href="https://www.cpapracticeadvisor.com/2026/04/08/ai-slop-survey-a-third-of-workers-rarely-check-ai-output-before-using-it/181191/">https://www.cpapracticeadvisor.com/2026/04/08/ai-slop-survey-a-third-of-workers-rarely-check-ai-output-before-using-it/181191/</a></p><p><br>Agentic AI Frameworks and Artifact's Omni Platform Launch</p><p><a href="https://www.artifact.build">https://www.artifact.build</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.earmark..."></a></p>

The Accounting Podcast

Blake Oliver & David Leary

When Tax Day Was Party Night at the Post Office

APR 20, 202649 MIN
The Accounting Podcast

When Tax Day Was Party Night at the Post Office

APR 20, 202649 MIN

Description

What happens when AI starts doing the audit work itself? Blake and David dig into KPMG’s prediction that routine audit testing could soon happen with almost no human auditors directly involved. They also cover the IRS’s unfinished AI projects, the end of Direct File, new tax-on-tips rules, and why firms investing more in marketing are growing faster. Press play to hear what these shifts could mean for accountants, firms, and clients.Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/casOnPay - http://accountingpodcast.promo/onpayWurthy - http://accountingpodcast.promo/wurthyChapters(00:00) - Audits Without Humans (00:22) - Tax Day Show Kickoff (02:30) - When Tax Day Hit Post Office (04:34) - E Filing Ends The Party (05:23) - This Week Top Stories (05:58) - Warehouse Fire Accounting Impact (08:52) - Compliance Time Cost (11:04) - No Tax On Tips Rules (13:44) - IRS AI Projects Stall (14:43) - Direct File Cost Debate (17:30) - Xero Os Buzzword Critique (20:32) - Can Ai Replace QuickBooks (21:23) - Reddit Claude Accounting System (22:45) - Firms Lose Stack Control (23:27) - AI Makes More Cleanup (23:58) - Tidwell Spreadsheet Accounting (25:13) - Tax Preparer Fraud Cases (27:17) - Big Four Audit Automation (30:58) - EY Office Mandate and Careers (34:01) - Firm Growth Marketing and AI (36:19) - Audit Lawsuits and Penalties (40:19) - Juno AI Tax Prep Funding (42:27) - Workers Skipping AI Review (44:36) - Agentic Frameworks and Omni (47:19) - Wrap Up and Free CPE  Show NotesHow Tax Day Turned Into Party Night at the Post Officehttps://www.history.com/articles/tax-day-partiesAmericans to Spend 11.6 Billion Hours Completing Federal Compliance Formshttps://www.cpapracticeadvisor.com/2026/03/16/americans-to-spend-11-6-billion-hours-completing-federal-compliance-forms/179866/IRS Publishes List of Jobs That Qualify for 'No Tax on Tips' Provisionhttps://www.cnbc.com/2026/04/13/irs-tax-on-tips-big-beautiful-bill.htmlIRS AI Projects Fall by the Wayside Due to Staff Cutshttps://www.accountingtoday.com/news/irs-ai-projects-fall-by-the-wayside-due-to-staff-cutsIRS Inflated Direct File Costs by $45 Million in 2025https://www.cpapracticeadvisor.com/2026/03/25/irs-inflated-direct-file-costs-by-45-million-in-2025/180237/Xero OS: Your Operating System for the Future of Autonomous Financehttps://blog.xero.com/news-events/xero-os-ai-native-operating-system/Tidwell — MCP Accounting Server (Reddit reference)https://www.tidwell.comWarehouse Worker Charged in $500M Arson Attack at Kimberly-Clark Distribution Centerhttps://abc7.com/post/employee-arrested-arson-kimberly-clark-distribition-center-destroyed-massive-fire-ontario/18851549/New Jersey Tax Preparer Sentenced in Largest COVID-19 Tax Relief Fraud Casehttps://www.justice.gov/usao-nj/pr/new-jersey-man-sentenced-prison-largest-covid-19-tax-relief-fraud-scheme-countryPennsylvania Tax Preparer Jessica Cordero Faces Federal Charges in New Fraud Schemehttps://www.justice.gov/usao-edpa/pr/allentown-woman-and-two-others-charged-federal-court-wire-fraud-and-aggravated-identityIn This Critical Part of Audits, the Accountant's Role Is Shrinking Fasthttps://www.wsj.com/finance/accounting/auditors-ai-kpmg-pwc-ey-7f07d3a5KPMG Plans to Cut Up to 440 Audit Jobs in UKhttps://www.bloomberg.com/news/articles/2026-03-27/kpmg-set-to-shed-hundreds-of-auditors-as-attrition-remains-lowEY Requiring U.S. Tax Staff to Work In-Person 12 Days a Monthhttps://www.accountingtoday.com/news/ey-requiring-us-tax-staff-to-work-in-person-12-days-a-monthAI Is Changing How EY Recruits, Develops and Promotes Employeeshttps://www.businessinsider.com/ey-ai-talent-career-paths-accounting-2026High-Growth Accounting Firms Spend Twice as Much on Marketinghttps://hingemarketing.com/blog/story/marketing-financial-services-the-2025-forecastEvergrande Liquidators and PwC Head to Courthttps://www.accountingtoday.com/news/evergrande-liquidators-and-pwc-head-to-courtOntario Securities Commission Accuses KPMG of Botching Audits for Bridging Financehttps://www.accountingtoday.com/news/ontario-securities-commission-accuses-kpmg-of-botching-audits-for-bridging-financeJuno Raises $12M Seed to Scale AI Tax Preparation Platformhttps://www.cpapracticeadvisor.com/2026/04/13/juno-raises-12m-seed-to-scale-ai-tax-preparation-platform-that-automates-90-of-busy-work/181502/AI Slop Survey: A Third of Workers Rarely Check AI Output Before Using Ithttps://www.cpapracticeadvisor.com/2026/04/08/ai-slop-survey-a-third-of-workers-rarely-check-ai-output-before-using-it/181191/Agentic AI Frameworks and Artifact's Omni Platform Launchhttps://www.artifact.buildNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: