Baby, Where The Hell Is My Audit?
The Accounting Podcast
Limits of Pass-Fail Audits and Investor Risk
The hosts debate how binary audit opinions mask varying risk levels and investor needs for graded assurance.
Will AI actually take accountants’ jobs—or just change what their work looks like? Blake and David unpack the gap between AI hype and reality, from a LinkedIn challenge that found zero accountants replaced by AI to how firms like PwC and EY are shifting strategy. They also explore probabilistic audit opinions, AI agents in accounting workflows, and what professionals can do now to stay ahead.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
UNC - http://accountingpodcast.promo/unc
Chapters
- (00:00) - TAP 479
- (02:27) - Auditor Karaoke Protest
- (03:58) - Baby Where My Audit
- (07:14) - Reactions and Afroman
- (10:19) - Probabilistic Audit Opinions
- (14:57) - BDO Lawsuit and Liability
- (18:52) - Super Micro Fraud Signals
- (24:19) - Deterministic AI Checklists
- (30:16) - Checklist Driven AI Agents
- (31:28) - How LLMs Differ From Brains
- (33:00) - Puzzle Functions And Guardrails
- (36:06) - Prompting For Clarifying Questions
- (36:48) - UNC MAcc Sponsor Break
- (38:30) - PwC Goes AI First
- (41:46) - EY Bets On CPA Talent
- (43:27) - AI Exposure Index Reality Check
- (47:40) - Will Accounting Jobs Disappear
- (50:23) - Coan Paradox And Rising Standards
- (52:43) - AI As A Career Upskill
- (55:20) - Who Is Losing Work To AI
- (56:23) - Livestream Chat And Wrap Up
Show Notes
Massachusetts Auditor DiZoglio Performs "Baby Where the Hell Is My Audit" Parody
https://www.bostonglobe.com/2025/04/16/metro/diana-dizoglio-auditor-legislature-audit-democrats/
Afroman Wins Defamation Lawsuit Filed by Ohio Police Officers
https://www.cbsnews.com/news/afroman-wins-lawsuit-ohio-police-raid-music-videos/
Would You Take a Probabilistic Audit Opinion?
https://www.accountingtoday.com/opinion/would-you-take-a-probabilistic-audit-opinion
BDO Faces Investor Lawsuit That Could Impact Other Firms
https://www.accountingtoday.com/news/bdo-faces-investor-lawsuit-that-could-impact-other-firms
Super Micro Computer Co-Founder Charged With Smuggling Nvidia AI Chips to China
https://www.cnn.com/2026/03/19/politics/super-micro-computer-founder-charged-ai-chips-china
Puzzle Launches AI Close for Accountants
https://puzzle.io/blog/puzzle-accounting-ai
PwC CEO: You Cannot Opt Out of AI
https://www.accountingtoday.com/news/pwc-ceo-you-cannot-opt-out-of-ai
EY Doubles CPA Exam Bonus to $10K
https://www.accountingtoday.com/news/ey-doubles-cpa-exam-bonus-to-10k
Anthropic AI Labor Market Impacts Report
https://www.anthropic.com/research/labor-market-impacts
Microsoft AI Chief Gives It 18 Months for All White-Collar Work to Be Automated
Only 14% of UK Finance Leaders See Traditional Accounting Skills as Valuable for Next Generation
Accounting and Tax Staff Worry AI Threatens Jobs
https://www.accountingtoday.com/news/accounting-and-tax-employees-feel-ai-threatens-job-prospects
AI's First Substitution: Freelancers (Ramp Economics Lab)
https://ramp.com/velocity/ai-labor-market-impact-freelancers
Record Number of Companies Are Ditching Old CEOs for Younger, Less Experienced Executives
https://finance.yahoo.com/news/fired-record-number-companies-ditching-152914066.html
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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.
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