Show Notes
Is AI creating an audit boom—or hiding the next Enron-style risk? Blake and David unpack NVIDIA’s $500 billion data-center financing plan, why Michael Burry sees warning signs, and how AI is speeding up audits while challenging existing standards. They also cover improved PCAOB inspection results, the end of BOI reporting, Tether’s long-awaited audit, QuickBooks Live’s overhaul, and practical AI workflows small firms can use today.
Sponsors Digits - http://accountingpodcast.promo/digits OnPay - http://accountingpodcast.promo/onpay Thomson Reuters - http://accountingpodcast.promo/taxautomation Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Chapters (00:00) - AI Biggest Audit Shift
(01:35) - Headlines And Sponsors
(02:20) - Digits AI Ledger
(04:02) - Nvidia Deal Explained
(06:31) - Enron Echoes And SPVs
(09:46) - Bubble Risks And GAAP
(12:31) - EY Audit Efficiency Claims
(15:25) - PCAOB Reports Debate
(17:40) - OnPay Payroll Sponsor
(18:53) - FinCEN Ends BOI
(19:52) - Audit AI Adoption Stats
(21:08) - PCAOB Must Set AI Rules
(25:52) - Quarterly Reporting Comments
(29:17) - Tether Finally Audited
(33:17) - Thomson Reuters Tax Automation
(35:07) - Ancient Rome Tax Scam
(38:45) - Why Tax Fraud Meant Death
(39:18) - Clients Want AI Dashboards
(39:45) - Small Firm AI Workflows
(44:35) - Sponsor Cloud Staffing
(45:49) - AI Raises Client Demands
(46:27) - Audit Disruption Debate
(48:35) - QuickBooks Live Rebrand
(51:10) - Taiwan Receipt Lottery
(54:40) - OnPay Benefits Upgrade
(01:05:17) - Switch Payroll Midyear
(01:09:19) - Wrap Up And CPE
Show Notes 'Shades of Enron': Michael Burry shorts Nvidia as its $500 billion chip-financing deal fuels a bubble https://sg.finance.yahoo.com/news/nvidia-ai-push-echoes-enron-123355872.html EY leverages AI for audit https://www.accountingtoday.com/news/ey-leverages-ai-for-audit In ancient Rome, tax fraud was punishable by death https://www.popsci.com/science/tax-fraud-death-penalty-ancient-rome/ PCAOB inspection reports of largest audit firms show improvements https://www.accountingtoday.com/news/pcaob-inspection-reports-of-largest-audit-firms-show-improvements FinCEN ends beneficial ownership reporting https://www.accountingtoday.com/news/fincen-ends-beneficial-ownership-reporting Gartner Survey Finds Audit Teams' AI Use is Common, But Most Teams are Lacking Strategic Adoption and Application https://www.gartner.com/en/newsroom/press-releases/2026-08-10-gartner-survey-finds-audit-teams-ai-use-is-common-but-most It's Time for the US Audit Board to Set Corporate AI Standards https://news.bloombergtax.com/tax-insights-and-commentary/its-time-for-the-us-audit-board-to-set-corporate-ai-standards SEC quarterly earnings proposal draws flood of public complaints https://finance.yahoo.com/markets/stocks/articles/sec-quarterly-earnings-proposal-draws-112015106.html Firms (and Some Guy Obsessed With China) Have Weighed in on the PCAOB Turning an Eye to AI https://www.goingconcern.com/firms-and-some-guy-obsessed-with-china-have-weighed-in-on-the-pcaob-turning-an-eye-to-ai/ Tether says KPMG issued 'clean' opinion in first full audit of USDT issuer's financials https://www.coindesk.com/business/2026/08/13/tether-says-it-completed-long-promised-big-four-audit-of-finances-behind-usd180-billion-usdt-stablecoin Real-life ways small firms use AI https://www.journalofaccountancy.com/issues/2026/aug/real-life-ways-small-firms-use-ai/ QuickBooks Live is Dead, Long Live Intuit Experts https://uqb.show/154
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