The Accounting Podcast

PwC Cuts Disney & The Uncertain Career Path for CPAs

The Accounting Podcast

Show Notes

What does episode 500 reveal about where accounting is headed? Blake Oliver and David Leary celebrate the milestone with CFO.com’s Adam Zaki and Going Concern’s Adrienne Gonzalez. They unpack AI’s pressure on billable hours, shrinking entry-level pathways, the changing route to CFO, and PwC’s canceled Disney intern event. Plus, Blake shares what happened after NASBA challenged his CPE comments.

Sponsors OnPay - http://accountingpodcast.promo/onpay Canopy - http://accountingpodcast.promo/canopy Thomson Reuters - http://accountingpodcast.promo/taxautomation Cloud Accountant Staffing - http://accountingpodcast.promo/cas

Chapters (00:00) - ‌

(00:20) - Episode 500 Kickoff

(02:59) - Origin Story Live Chat

(07:22) - Billable Hour Fading

(13:36) - AI Knowledge vs Data Risk

(16:21) - PwC Intern Disney Cut

(24:31) - Pyramid to Diamond Firms

(34:29) - CFO Pathway Disrupted

(37:25) - AI Without Apprenticeship

(38:55) - Would You Work for AI

(39:47) - CFO Pipeline Shrinking

(41:11) - Skipping Entry Level

(43:15) - Simulations vs Real Work

(45:05) - Metaverse Training Fail

(47:35) - Crypto Fraud Irony

(49:10) - Listener Milestones

(51:58) - Billable Hour Debate

(01:01:21) - AI Auditing Future

(01:02:33) - NASBA Speech Clash

(01:11:48) - Wrap Up and Thanks

Show Notes CrossCountry Consulting's new co-CEOs say billable hour is 'waning' https://www.cfo.com/news/crosscountry-consulting-new-co-ceo-amy-bjarnason-neil-smith-discuss-their-industrys-future/826266/ Diamonds May Be a Firm's Best Strategy: How AI Is Rewriting the Structure of Modern Practice https://www.cpapracticeadvisor.com/2026/08/05/diamonds-may-be-a-firms-best-strategy-how-ai-is-rewriting-the-structure-of-modern-practice/188060/ Teikametrics CFO Brian Beaupre says the career path he took is disappearing https://www.cfo.com/news/teikametrics-cfo-brian-beaupre-says-the-career-path-he-took-is-disappearing-cfo-leadership-council-/824716/ The Age of Artificial Intelligence: Quinnipiac University Poll on AI https://poll.qu.edu/poll-release?releaseid=3955 We Went to the Boot Camp Where KPMG Teaches Auditors to Think Critically https://www.wsj.com/business/kpmg-summer-interns-auditing-ai-training-941ad5cc In Case You Didn't Hear, PwC Interns Won't Be Swarming Disney World This Year https://www.goingconcern.com/in-case-you-didnt-hear-pwc-interns-wont-be-swarming-disney-world-this-year/ Bitquery CEO Faces $5M Theft Claim, 194 Records Deleted https://www.analyticsinsight.net/news/bitquery-ceo-faces-5m-theft-claim-194-records-deleted

Need CPE? Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

Get in Touch Thanks 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.

Sponsorships Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities TeePublic Store: http://cloudacctpod.link/merch

Subscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts YouTube: https://www.youtube.com/@TheAccountingPodcast Spotify: http://cloudacctpod.link/Spotify Podchaser: http://cloudacctpod.link/podchaser Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast

Classifieds REFRAME 2026 - http://accountingpodcast.promo/reframe2026 Flowglad - https://cal.com/team/flowglad/flowglad Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your cla

More from The Accounting Podcast

Oct 22, 2026

AI outperformed 12 CPAs on a month-end close benchmark, but that doesn’t mean it can replace them. Blake Oliver and David Leary unpack the study’s limits and why adding AI to existing workflows may not save time. They also explore survey findings that accounting budgets triple when businesses hit $1 million in revenue, plus why most firms are invisible in AI searches. Learn what these shifts mean for your firm’s processes, pricing, and marketing.

Oct 7, 2026

Could AI replace your CFO or simply make their job more exhausting? Blake and David debate automation’s limits, unpack an enrolled agent’s log of 188 IRS calls, and explore proposed reforms to taxpayer service. They also examine why AI is putting pressure on billable hours, gaps in AI safety audit requirements, and a romance scam victim’s $225,000 tax bill. Learn what these developments could mean for your firm, clients, and workload.

Oct 1, 2026

Will AI replace accountants—or finally ease the profession’s talent shortage? Blake and David unpack why AI-exposed accounting roles are seeing pay rise, not fall; how EY cut audit deficiencies from 28% to under 5%; and why firms must give AI agents limited access and auditable logins. They also explore the coming firm structure: fewer staff, more AI agents, and partners focused on judgment, review, and client relationships.

Sep 25, 2026

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.

Sep 18, 2026

Is AI the real threat to accounting firms, or is it the client experience? Blake and David unpack a KPMG-linked Polymarket insider-trading investigation, AI-powered fraud, Xero’s influencer backlash, and a tax startup founder charged with defrauding investors. They also share their own experiments using Claude and ChatGPT to prepare tax returns, making the case that firms must eliminate frustrating back-and-forth if they want to keep clients.

See all episodes →