Firms Using AI Make More $, PCAOB Shutdown Fight, The Impossible Tariff Test
The Accounting Podcast
AI's Impact on Accounting Jobs and Tariff Insights
This chapter discusses the impact of AI advancements on the accounting profession, focusing on increased efficiency and job opportunities. It also addresses legislative updates regarding PCAOB oversight and the growing interest of students in accounting careers, along with potential roles related to customs and tariff assessments.
Could AI create a $20 trillion professional services earthquake? In this episode, Blake and David dive into the data showing that AI firms generate $45,000 more revenue per employee than non-adopters. You'll discover how AI is reshaping traditional accounting and what Claude's new ability to connect with your Gmail and calendar means for productivity. They also demonstrate how indistinguishable AI-cloned voices have become, sharing practical tips to protect yourself and clients from increasingly sophisticated voice scams. Plus, hear why the "impossible" US customs broker exam (with its shocking 4% pass rate) might offer accountants a lucrative alternative career path as tariff disputes heat up.
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Chapters
- (00:37) - The Impact of AI on Accounting Firms
- (02:04) - Voice AI Scams and Protection Tips
- (03:34) - Legislative Updates and Industry News
- (05:44) - Live Stream Shoutouts and Sponsor Acknowledgements
- (06:50) - AI in Accounting: Revenue and Efficiency Insights
- (14:01) - AI Voice Cloning Demonstration
- (16:29) - Protecting Against AI Voice Scams
- (24:12) - AI's Impact on Work and Productivity
- (32:32) - AI in Tax and Accounting Firms
- (38:19) - Success in Contract Drafting
- (38:43) - Starbucks' Automation Reversal
- (41:07) - AI and Productivity Gains
- (53:58) - The Great Legacy Extinction
- (01:08:58) - The Impossible Tariff Test
- (01:13:09) - Private Equity in Accounting Firms
- (01:16:03) - Conclusion and CPE Credits
Show Notes
Firms with AI report higher per-employee revenue vs others
https://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others
Nine Ways to Protect Yourself from 'Impostor' Voice Scams
https://www.magzter.com/stories/newspaper/The-Wall-Street-Journal/NINE-WAYS-TO-PROTECT-YOURSELF-FROM-IMPOSTOR-VOICE-SCAMS
Danish study challenges claims about AI disrupting the labor market
https://getcoai.com/news/danish-study-challenges-claims-about-ai-disrupting-the-labor-market/
50% of finance teams still take over a week to close the books
https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/
The Great Legacy Extinction: AI's $20T Takeover of Professional Services
https://www.venrock.com/insights/insights-technology/the-great-legacy-extinction-ais-20t-takeover-of-professional-services/
What Do You Think of the New PwC Logo?
https://www.cpapracticeadvisor.com/2025/04/30/what-do-you-think-of-the-new-pwc-logo/159946/
Big Four accounting firm PwC to slash about 1,500 jobs in the US
https://www.reuters.com/sustainability/accounting-firm-pwc-cut-1500-us-jobs-ft-reports-2025-05-05/
How are different accounting firms using AI?
https://tax.thomsonreuters.com/blog/how-do-different-accounting-firms-use-ai/
Customs Broker License Exam (CBLE)
https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examination
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Transcripts
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