The Accounting Podcast

The IRS Agents Who Will Watch OnlyFans At Work

Dec 15, 2025
The intriguing world of IRS agents and OnlyFans takes center stage with a discussion on the new tip deduction. Gender diversity in audit teams shows benefits, with studies revealing women-led groups deliver higher quality work at lower fees. AI disrupts the traditional billable hour, pushing firms toward fixed pricing. Controversies surrounding KPMG's exam cheating scandal and innovative child investment accounts also grab attention. Plus, Meta's off-balance-sheet practices spark questions about accountability in accounting.
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INSIGHT

PCAOB To Scrutinize AI And PE Influence

  • The PCAOB will increase scrutiny of AI use in audits and PE-backed firms, fearing over-reliance and short-term pressure on quality.
  • Expect extra inspections for firms using AI heavily or with private equity backing.
INSIGHT

Less Audit Competition Can Improve Quality

  • Research shows less competition (persistent profits) in audit markets correlated with higher audit quality, contradicting standard market assumptions.
  • Blake and David discuss how competition can force fee cutting and corner-cutting in audits.
INSIGHT

Gender Diversity Links To Better Audits

  • Audit teams with more women produced fewer misstatements and charged less, especially when women held senior roles.
  • The positive effect required supportive offices with female partners and good work-life balance.
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