Show Notes
Could an AI agent decide to hack a system, or cancel your software subscription just to complete its task? Blake and David examine reports of AI agents escaping guardrails, flooding IRS rulemaking with generated comments, and taking autonomous business actions. They also trace accounting from ancient clay tokens to today’s AI economy, exploring why calculating profit and trustworthy records matter more than ever.
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Chapters (00:00) - Profit First Accounting
(00:33) - Dumb Accounting AI
(02:40) - AI Guest Pitch Email
(07:21) - When Agents Go Rogue
(09:38) - OpenAI Agent Hacks Out
(11:57) - Waymo Laws And Goals
(16:33) - IRS Chief Spy Claims
(19:28) - AI Floods IRS Comments
(23:30) - SaaStr AI Cancels SaaS
(28:09) - Ode To Accounting Site
(29:54) - Accounting Births Writing
(31:24) - Double Entry Changes Everything
(32:09) - Industrial Era Standards
(33:29) - Internet Cloud And AI
(34:19) - Hosts React Tokens Return
(36:49) - Profit Cost Accounting And AI
(39:33) - Round Tripping Explained
(44:00) - IRS EIN Breakdown
(46:19) - Trump Accounts Adoption
(48:20) - Tax Leak Sentencing Debate
(50:23) - KPMG Australia Shakeup
(52:09) - QuickBooks MCP Workflows
(55:52) - Intuit Card Versus Ramp
(57:35) - Ramp Stablecoin And Token Spend
(01:00:39) - Wrap Up And Where To Find Us
Show Notes OpenAI and Hugging Face partner to address security incident during model evaluation https://openai.com/index/hugging-face-model-evaluation-security-incident/ Trump's IRS Chief Frank Bisignano Accused of Using Hi-Tech Software to Spy on Colleagues' Emails at JPMorgan https://www.thedailybeast.com/trumps-irs-chief-frank-bisignano-accused-of-using-hi-tech-software-to-spy-on-colleagues-emails-at-jpmorgan/ IRS blitzed with AI-generated comments on proposed tax rules https://www.accountingtoday.com/news/irs-blitzed-with-ai-generated-comments-on-proposed-tax-rules Your Agents Are About to Start Firing Your Vendors. Ours Fired Marketo. https://www.saastr.com/your-agents-are-about-to-start-firing-your-vendors-ours-fired-marketo/ Basis offers AI agents, love letters and an ode to accounting https://www.accountingtoday.com/news/basis-offers-ai-agents-love-letters-and-an-ode-to-accounting 7 Million Trump Accounts Have Been Opened, Administration Says https://www.cpapracticeadvisor.com/2026/07/29/7-million-trump-accounts-have-been-opened-administration-says/187586/ DC Circuit Denies Littlejohn Appeal and the Need for Privacy Protections Remains https://www.ntu.org/foundation/detail/dc-circuit-denies-littlejohn-appeal-and-the-need-for-privacy-protections-remains KPMG Australia appoints new CEO https://www.internationalaccountingbulletin.com/news/kpmg-australia-appoints-new-ceo/ KPMG Fires Former COO Eileen Hoggett Over Confidentiality Breach https://news.ssbcrack.com/kpmg-fires-former-coo-eileen-hoggett-over-confidentiality-breach/ QuickBooks Expands Into Claude and ChatGPT with New Features https://www.intuit.com/blog/news-social/quickbooks-expands-into-claude-and-chatgpt-with-new-sales-invoicing-payroll-and-lending-features/ Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks https://investors.intuit.com/news-events/press-releases/detail/1316/intuit-launches-business-credit-card-that-brings-spend-management-rewards-and-insights-together-in-quickbooks Ramp Brings Stablecoin Accounts and Payments to All Customers https://www.prnewswire.com/news-releases/ramp-brings-stablecoin-accounts-and-payments-to-all-customers-302830447.html Ramp Launches AI Token Spend Controls https://www.prnewswire.com/news-releases/ramp-launches-ai-token-spend-controls-302827389.html
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